The Charles Schwab Co. (NYSE:SCHW) Shares Sold by First Long Island Investors LLC

First Long Island Investors LLC lessened its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 13.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 271,904 shares of the financial services provider's stock after selling 41,491 shares during the period. Charles Schwab accounts for about 1.6% of First Long Island Investors LLC's holdings, making the stock its 26th biggest position. First Long Island Investors LLC's holdings in Charles Schwab were worth $19,670,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Tributary Capital Management LLC acquired a new position in Charles Schwab in the 1st quarter valued at about $31,000. Sugarloaf Wealth Management LLC increased its position in Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider's stock worth $30,000 after purchasing an additional 165 shares during the period. Frazier Financial Advisors LLC acquired a new position in Charles Schwab during the 4th quarter worth approximately $30,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Charles Schwab during the 4th quarter worth approximately $31,000. Finally, Hall Laurie J Trustee purchased a new stake in shares of Charles Schwab during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Stock Up 1.9 %

Shares of NYSE SCHW traded up $1.44 during midday trading on Thursday, reaching $76.07. 5,796,036 shares of the company's stock were exchanged, compared to its average volume of 7,181,804. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The stock has a market capitalization of $135.20 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 1.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The business's fifty day moving average price is $74.31 and its two-hundred day moving average price is $70.14.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. Analysts forecast that The Charles Schwab Co. will post 3.25 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were paid a $0.25 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. Charles Schwab's dividend payout ratio (DPR) is 41.84%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SCHW shares. Jefferies Financial Group raised their price objective on Charles Schwab from $85.00 to $88.00 and gave the stock a "buy" rating in a report on Monday. TD Cowen decreased their price objective on Charles Schwab from $92.00 to $88.00 and set a "buy" rating on the stock in a report on Thursday, May 23rd. UBS Group decreased their price objective on Charles Schwab from $91.00 to $90.00 and set a "buy" rating on the stock in a report on Tuesday. JMP Securities reaffirmed a "market outperform" rating and issued a $80.00 target price on shares of Charles Schwab in a research report on Tuesday, May 28th. Finally, Barclays increased their target price on Charles Schwab from $72.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $77.75.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $72.49, for a total value of $652,410.00. Following the completion of the transaction, the director now directly owns 570,657 shares in the company, valued at $41,366,925.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $72.49, for a total value of $652,410.00. Following the completion of the transaction, the director now directly owns 570,657 shares in the company, valued at $41,366,925.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 65,360 shares of Charles Schwab stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $76.89, for a total value of $5,025,530.40. Following the completion of the transaction, the chairman now owns 60,741,536 shares of the company's stock, valued at $4,670,416,703.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 658,663 shares of company stock worth $48,997,146. Corporate insiders own 6.60% of the company's stock.

Charles Schwab Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.

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