Sanctuary Advisors LLC Has $18.88 Million Stock Holdings in The Charles Schwab Corporation $SCHW

Sanctuary Advisors LLC lifted its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 9.7% during the first quarter, HoldingsChannel reports. The firm owned 200,894 shares of the financial services provider’s stock after buying an additional 17,810 shares during the quarter. Sanctuary Advisors LLC’s holdings in Charles Schwab were worth $18,880,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dogwood Wealth Management LLC increased its position in shares of Charles Schwab by 99.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock valued at $25,000 after buying an additional 123 shares in the last quarter. Piscataqua Savings Bank bought a new position in Charles Schwab during the fourth quarter worth about $26,000. GoalVest Advisory LLC acquired a new position in Charles Schwab in the fourth quarter valued at about $28,000. Beacon Financial Strategies CORP acquired a new position in Charles Schwab in the fourth quarter valued at about $29,000. Finally, Optima Capital LLC bought a new stake in shares of Charles Schwab in the fourth quarter worth about $30,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In other news, Director Frank C. Herringer sold 2,520 shares of Charles Schwab stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $90.60, for a total value of $228,312.00. Following the sale, the director directly owned 177,508 shares in the company, valued at $16,082,224.80. This trade represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 2,000 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $100.01, for a total transaction of $200,020.00. Following the completion of the sale, the insider directly owned 13,738 shares in the company, valued at approximately $1,373,937.38. This represents a 12.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,520 shares of company stock valued at $622,392 over the last ninety days. Company insiders own 6.30% of the company’s stock.

Charles Schwab Stock Up 1.7%

SCHW stock opened at $102.80 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $178.78 billion, a P/E ratio of 20.40, a P/E/G ratio of 0.85 and a beta of 0.77. The business has a 50-day moving average of $92.24 and a 200-day moving average of $95.31. The Charles Schwab Corporation has a fifty-two week low of $83.96 and a fifty-two week high of $107.50.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. Charles Schwab had a return on equity of 23.05% and a net margin of 37.99%.The business had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $6.39 billion. Charles Schwab’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the company earned $1.04 earnings per share. On average, sell-side analysts anticipate that The Charles Schwab Corporation will post 6.23 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, May 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 25.40%.

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on Charles Schwab from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Barclays decreased their price objective on Charles Schwab from $127.00 to $122.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. TD Cowen raised their target price on shares of Charles Schwab from $108.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, May 15th. JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $128.00 to $131.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Charles Schwab in a report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and an average price target of $116.68.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.