Campbell & CO Investment Adviser LLC acquired a new stake in Charles Schwab Co. (NYSE:SCHW) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,215 shares of the financial services provider’s stock, valued at approximately $223,000.

Other institutional investors also recently made changes to their positions in the company. Quantamental Technologies LLC purchased a new position in Charles Schwab during the 1st quarter worth approximately $32,000. Laurel Wealth Advisors LLC purchased a new position in Charles Schwab during the 4th quarter worth approximately $31,000. Proficio Capital Partners LLC raised its position in Charles Schwab by 70.2% during the 4th quarter. Proficio Capital Partners LLC now owns 1,028 shares of the financial services provider’s stock worth $43,000 after buying an additional 424 shares during the last quarter. Berman Capital Advisors LLC raised its position in Charles Schwab by 260.7% during the 1st quarter. Berman Capital Advisors LLC now owns 1,046 shares of the financial services provider’s stock worth $44,000 after buying an additional 756 shares during the last quarter. Finally, Spectrum Management Group Inc. raised its position in Charles Schwab by 44.5% during the 1st quarter. Spectrum Management Group Inc. now owns 1,071 shares of the financial services provider’s stock worth $46,000 after buying an additional 330 shares during the last quarter. 78.96% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Stephen T. Mclin sold 4,356 shares of Charles Schwab stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $43.85, for a total value of $191,010.60. Following the sale, the director now owns 7,592 shares of the company’s stock, valued at approximately $332,909.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles A. Ruffel purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average cost of $46.10 per share, for a total transaction of $115,250.00. Following the purchase, the director now directly owns 788 shares in the company, valued at approximately $36,326.80. The disclosure for this purchase can be found here. Insiders have sold a total of 841,576 shares of company stock worth $38,416,671 in the last ninety days. Corporate insiders own 10.90% of the company’s stock.

A number of research firms have issued reports on SCHW. UBS Group lowered shares of Charles Schwab from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $48.00 to $42.00 in a research report on Wednesday, February 20th. Wells Fargo & Co reduced their price target on shares of Charles Schwab from $48.00 to $47.00 and set a “market perform” rating for the company in a research report on Friday, April 5th. ValuEngine lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, February 22nd. Bank of America set a $50.00 price target on shares of Charles Schwab and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, Zacks Investment Research raised shares of Charles Schwab from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $52.70.

Shares of NYSE SCHW opened at $43.31 on Tuesday. The company has a market cap of $58.75 billion, a PE ratio of 17.68, a PEG ratio of 1.97 and a beta of 1.35. Charles Schwab Co. has a 12 month low of $37.83 and a 12 month high of $58.22. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.33 and a current ratio of 0.33.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Charles Schwab had a net margin of 35.27% and a return on equity of 20.47%. The business’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. As a group, analysts forecast that Charles Schwab Co. will post 2.77 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.17 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.57%. Charles Schwab’s payout ratio is 27.76%.

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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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