Overbrook Management Corp acquired a new position in Charles Schwab Co. (NYSE:SCHW) in the first quarter, HoldingsChannel.com reports. The firm acquired 8,984 shares of the financial services provider’s stock, valued at approximately $469,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Zeke Capital Advisors LLC lifted its position in Charles Schwab by 4.8% in the 4th quarter. Zeke Capital Advisors LLC now owns 21,903 shares of the financial services provider’s stock worth $1,125,000 after buying an additional 994 shares in the last quarter. Laurel Wealth Advisors Inc. raised its holdings in shares of Charles Schwab by 12.7% during the 4th quarter. Laurel Wealth Advisors Inc. now owns 8,855 shares of the financial services provider’s stock valued at $454,000 after purchasing an additional 996 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Charles Schwab by 13.4% during the 1st quarter. Parallel Advisors LLC now owns 9,186 shares of the financial services provider’s stock valued at $480,000 after purchasing an additional 1,083 shares in the last quarter. Evermay Wealth Management LLC raised its holdings in shares of Charles Schwab by 19.9% during the 1st quarter. Evermay Wealth Management LLC now owns 6,630 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Frontier Investment Mgmt Co. raised its holdings in shares of Charles Schwab by 8.2% during the 4th quarter. Frontier Investment Mgmt Co. now owns 14,631 shares of the financial services provider’s stock valued at $752,000 after purchasing an additional 1,112 shares in the last quarter. 80.16% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab opened at $57.95 on Thursday, according to MarketBeat.com. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $75.96 billion, a price-to-earnings ratio of 35.34, a P/E/G ratio of 1.38 and a beta of 1.51. Charles Schwab Co. has a 52-week low of $38.06 and a 52-week high of $60.22.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Monday, April 16th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.38 billion. Charles Schwab had a net margin of 28.80% and a return on equity of 16.84%. The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. research analysts forecast that Charles Schwab Co. will post 2.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Friday, May 11th were given a $0.10 dividend. The ex-dividend date was Thursday, May 10th. This represents a $0.40 annualized dividend and a yield of 0.69%. Charles Schwab’s dividend payout ratio is 24.39%.

In other Charles Schwab news, insider Walter W. Bettinger sold 113,832 shares of the firm’s stock in a transaction on Monday, May 21st. The shares were sold at an average price of $59.72, for a total value of $6,798,047.04. Following the sale, the insider now directly owns 355,835 shares in the company, valued at approximately $21,250,466.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan M. Craig sold 5,000 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $58.01, for a total transaction of $290,050.00. The disclosure for this sale can be found here. Insiders sold a total of 2,255,141 shares of company stock worth $127,852,436 over the last 90 days. Company insiders own 11.50% of the company’s stock.

A number of research analysts have recently weighed in on SCHW shares. Deutsche Bank cut their price target on shares of Charles Schwab from $55.00 to $54.00 and set a “hold” rating on the stock in a report on Friday, April 6th. Morgan Stanley cut their price target on shares of Charles Schwab from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Wednesday, April 25th. Zacks Investment Research downgraded shares of Charles Schwab from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Credit Suisse Group raised their price target on shares of Charles Schwab from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Tuesday, April 17th. Finally, ValuEngine upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating in a report on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. Charles Schwab presently has an average rating of “Hold” and an average target price of $55.81.

Charles Schwab Company Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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