Linscomb & Williams Inc. Increases Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Linscomb & Williams Inc. lifted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 8.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 34,673 shares of the financial services provider’s stock after purchasing an additional 2,587 shares during the period. Linscomb & Williams Inc.’s holdings in The Charles Schwab were worth $2,260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cypress Wealth Services LLC lifted its stake in shares of The Charles Schwab by 3.6% in the first quarter. Cypress Wealth Services LLC now owns 4,433 shares of the financial services provider’s stock worth $289,000 after buying an additional 154 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of The Charles Schwab by 8.0% in the first quarter. Lindbrook Capital LLC now owns 2,091 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 155 shares during the period. D Orazio & Associates Inc. boosted its stake in shares of The Charles Schwab by 50.0% in the first quarter. D Orazio & Associates Inc. now owns 486 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 162 shares during the period. Joel Isaacson & Co. LLC boosted its stake in shares of The Charles Schwab by 3.9% in the first quarter. Joel Isaacson & Co. LLC now owns 4,409 shares of the financial services provider’s stock valued at $287,000 after purchasing an additional 164 shares during the period. Finally, Pointe Capital Management LLC lifted its stake in The Charles Schwab by 3.2% in the first quarter. Pointe Capital Management LLC now owns 5,583 shares of the financial services provider’s stock worth $364,000 after acquiring an additional 172 shares during the last quarter. 71.39% of the stock is owned by hedge funds and other institutional investors.

Shares of SCHW opened at $72.62 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.39. The firm has a market cap of $131.23 billion, a PE ratio of 32.13, a P/E/G ratio of 1.62 and a beta of 1.09. The firm has a fifty day moving average price of $70.25. The Charles Schwab Co. has a 1 year low of $31.63 and a 1 year high of $76.37.

The Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, April 14th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.02. The company had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.35 billion. The Charles Schwab had a net margin of 28.92% and a return on equity of 12.80%. The Charles Schwab’s revenue was up 80.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 3.18 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Shareholders of record on Friday, May 14th were paid a $0.18 dividend. The ex-dividend date was Thursday, May 13th. This represents a $0.72 annualized dividend and a yield of 0.99%. The Charles Schwab’s dividend payout ratio is currently 29.39%.

In other news, EVP Jonathan M. Craig sold 2,241 shares of the company’s stock in a transaction on Tuesday, April 6th. The shares were sold at an average price of $67.94, for a total transaction of $152,253.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Walter W. Bettinger sold 242,002 shares of the company’s stock in a transaction on Thursday, April 29th. The stock was sold at an average price of $70.68, for a total transaction of $17,104,701.36. Following the transaction, the chief executive officer now directly owns 332,584 shares in the company, valued at $23,507,037.12. The disclosure for this sale can be found here. Insiders sold a total of 1,401,147 shares of company stock worth $98,406,001 over the last three months. 7.50% of the stock is currently owned by corporate insiders.

A number of research analysts recently issued reports on SCHW shares. Citigroup lifted their price target on shares of The Charles Schwab from $88.00 to $93.00 in a research note on Friday, April 23rd. Credit Suisse Group upgraded shares of The Charles Schwab from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $74.00 to $86.00 in a research report on Tuesday, April 27th. Wells Fargo & Company boosted their price objective on shares of The Charles Schwab from $76.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 2nd. Wolfe Research upgraded shares of The Charles Schwab from a “peer perform” rating to an “outperform” rating and set a $87.00 price objective for the company in a research report on Monday, April 5th. Finally, Zacks Investment Research upgraded shares of The Charles Schwab from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Tuesday, April 6th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The Charles Schwab currently has an average rating of “Buy” and a consensus target price of $79.44.

The Charles Schwab Company Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Institutional Ownership by Quarter for The Charles Schwab (NYSE:SCHW)

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