Massachusetts Wealth Management Has $421,000 Holdings in The Charles Schwab Co. (NYSE:SCHW)

Massachusetts Wealth Management lifted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,825 shares of the financial services provider’s stock after purchasing an additional 275 shares during the period. Massachusetts Wealth Management’s holdings in Charles Schwab were worth $421,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Investment Research & Advisory Group Inc. raised its stake in Charles Schwab by 1.0% during the fourth quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock worth $4,058,000 after buying an additional 607 shares during the last quarter. Morningstar Investment Services LLC raised its stake in Charles Schwab by 98.0% during the fourth quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock worth $326,284,000 after buying an additional 2,322,156 shares during the last quarter. Brown Advisory Inc. raised its stake in Charles Schwab by 24.3% during the fourth quarter. Brown Advisory Inc. now owns 4,393,223 shares of the financial services provider’s stock worth $302,254,000 after buying an additional 857,734 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Charles Schwab by 22.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after buying an additional 160,719 shares during the last quarter. Finally, Retirement Systems of Alabama raised its stake in Charles Schwab by 13.0% during the fourth quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock worth $91,462,000 after buying an additional 152,967 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the transaction, the director now directly owns 574,257 shares in the company, valued at $45,027,491.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the transaction, the director now directly owns 574,257 shares in the company, valued at $45,027,491.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Nigel J. Murtagh sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $72.40, for a total transaction of $724,000.00. Following the completion of the sale, the insider now directly owns 71,446 shares in the company, valued at approximately $5,172,690.40. The disclosure for this sale can be found here. Insiders have sold a total of 658,663 shares of company stock worth $48,997,146 over the last three months. 6.60% of the stock is currently owned by insiders.

Charles Schwab Stock Down 0.0 %

Charles Schwab stock traded down $0.02 during midday trading on Thursday, hitting $74.13. 2,502,054 shares of the stock were exchanged, compared to its average volume of 5,791,087. 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 $131.75 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 1.15 and a beta of 0.99. The business’s 50-day moving average price is $74.38 and its 200-day moving average price is $69.88. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69.

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

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SCHW shares. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a research note on Tuesday, May 28th. Bank of America lifted their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday, April 16th. Morgan Stanley lifted their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Citigroup lifted their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a research report on Friday, May 31st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $75.56.

Charles Schwab Company 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.