Oliver Luxxe Assets LLC Purchases 652 Shares of The Charles Schwab Co. (NYSE:SCHW)

Oliver Luxxe Assets LLC grew its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 36,132 shares of the financial services provider’s stock after acquiring an additional 652 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Charles Schwab were worth $2,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHW. Sugarloaf Wealth Management LLC lifted its holdings in shares of Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares during the period. Frazier Financial Advisors LLC bought a new position in Charles Schwab in the 4th quarter worth $30,000. Wetzel Investment Advisors Inc. bought a new position in Charles Schwab in the 4th quarter worth $31,000. Hall Laurie J Trustee bought a new position in Charles Schwab in the 4th quarter worth $34,000. Finally, Glass Jacobson Investment Advisors llc raised its holdings in Charles Schwab by 81.0% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 268 shares during the period. 84.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Charles Schwab news, CFO Peter B. Crawford sold 5,481 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the sale, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at $4,573,414.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Charles Schwab news, CFO Peter B. Crawford sold 5,482 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total transaction of $402,707.72. Following the completion of the transaction, the chief financial officer now owns 60,567 shares in the company, valued at $4,449,251.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter B. Crawford sold 5,481 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total value of $413,870.31. Following the transaction, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,573,414.17. The disclosure for this sale can be found here. Insiders have sold 658,663 shares of company stock valued at $48,997,146 over the last ninety days. 6.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SCHW. Deutsche Bank Aktiengesellschaft decreased their target price on Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Piper Sandler raised their target price on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $76.00 target price on shares of Charles Schwab in a report on Monday, June 17th. UBS Group increased their price target on Charles Schwab from $87.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, Bank of America increased their price target on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $75.56.

Charles Schwab Price Performance

Shares of SCHW stock traded down $0.08 during trading hours on Monday, hitting $73.61. The stock had a trading volume of 2,013,526 shares, compared to its average volume of 7,318,511. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The stock’s 50-day moving average price is $74.42 and its two-hundred day moving average price is $69.84. The stock has a market capitalization of $130.83 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 1.14 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Equities analysts forecast that The Charles Schwab Co. will post 3.25 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.36%. Charles Schwab’s payout ratio is currently 41.84%.

About Charles Schwab

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.