Veracity Capital LLC Buys 3,484 Shares of The Charles Schwab Co. (NYSE:SCHW)

Veracity Capital LLC increased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 58.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,452 shares of the financial services provider’s stock after acquiring an additional 3,484 shares during the quarter. Veracity Capital LLC’s holdings in Charles Schwab were worth $684,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SCHW. Ironwood Financial llc lifted its position in Charles Schwab by 1.6% during the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 160 shares during the last quarter. Courier Capital LLC lifted its position in Charles Schwab by 0.4% during the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after purchasing an additional 161 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its position in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares during the last quarter. Sculati Wealth Management LLC lifted its position in Charles Schwab by 0.4% during the fourth quarter. Sculati Wealth Management LLC now owns 42,971 shares of the financial services provider’s stock valued at $2,956,000 after purchasing an additional 165 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its position in Charles Schwab by 16.7% during the fourth quarter. Manchester Capital Management LLC now owns 1,190 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 170 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on SCHW. JPMorgan Chase & Co. decreased their target price on shares of Charles Schwab from $89.00 to $81.00 and set an “overweight” rating on the stock in a research note on Friday, May 31st. Barclays lifted their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a research note on Tuesday, May 28th. TD Cowen decreased their target price on shares of Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Finally, UBS Group boosted their price objective on shares of Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $75.56.

Insider Buying and Selling at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the sale, the director now owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Nigel J. Murtagh sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $72.40, for a total value of $724,000.00. Following the completion of the sale, the insider now directly owns 71,446 shares of the company’s stock, valued at approximately $5,172,690.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the sale, the director now directly owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 658,663 shares of company stock worth $48,997,146. Company insiders own 6.60% of the company’s stock.

Charles Schwab Stock Down 0.0 %

Charles Schwab stock traded down $0.02 during mid-day trading on Thursday, reaching $74.13. The stock had a trading volume of 2,502,054 shares, compared to its average volume of 5,791,087. The company has a market capitalization of $131.75 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 1.15 and a beta of 0.99. The company has a 50-day moving average price of $74.36 and a two-hundred day moving average price of $69.91. 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.

Charles Schwab (NYSE:SCHW) last announced its quarterly 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 company 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, 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

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.