Voisard Asset Management Group Inc. Takes $530,000 Position in The Charles Schwab Co. (NYSE:SCHW)

Voisard Asset Management Group Inc. purchased a new position in The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,700 shares of the financial services provider’s stock, valued at approximately $530,000. Charles Schwab makes up 0.3% of Voisard Asset Management Group Inc.’s investment portfolio, making the stock its 26th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Investment Research & Advisory Group Inc. grew its holdings in shares of Charles Schwab by 1.0% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock worth $4,058,000 after purchasing an additional 607 shares during the last quarter. Morningstar Investment Services LLC increased its holdings in shares of 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 in the last quarter. Brown Advisory Inc. raised its stake in shares of Charles Schwab by 24.3% in the fourth quarter. Brown Advisory Inc. now owns 4,393,223 shares of the financial services provider’s stock valued at $302,254,000 after acquiring an additional 857,734 shares during the last quarter. Bamco Inc. NY boosted its holdings in shares of Charles Schwab by 0.5% in the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after acquiring an additional 42,588 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Charles Schwab by 22.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after acquiring an additional 160,719 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $70.87, for a total value of $637,830.00. Following the sale, the director now directly owns 581,457 shares in the company, valued at approximately $41,207,857.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $70.87, for a total value of $637,830.00. Following the completion of the transaction, the director now directly owns 581,457 shares in the company, valued at $41,207,857.59. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan M. Craig sold 4,977 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total value of $348,439.77. Following the sale, the insider now owns 81,446 shares in the company, valued at approximately $5,702,034.46. The disclosure for this sale can be found here. Insiders sold 655,476 shares of company stock valued at $48,718,705 in the last ninety days. 6.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on SCHW. TD Cowen reduced their price objective on Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Morgan Stanley upped their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lowered their price objective 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. Citigroup increased 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, StockNews.com cut shares of Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Charles Schwab has an average rating of “Hold” and an average target price of $74.65.

Charles Schwab Stock Down 0.2 %

SCHW stock traded down $0.14 during mid-day trading on Friday, hitting $73.25. 5,754,037 shares of the company were exchanged, compared to its average volume of 7,388,976. The firm has a market cap of $130.19 billion, a P/E ratio of 30.65, a P/E/G ratio of 1.13 and a beta of 0.96. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. 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 firm’s 50 day simple moving average is $74.14 and its 200 day simple moving average is $68.97.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 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 net margin of 26.14% and a return on equity of 19.25%. On average, sell-side analysts predict that The Charles Schwab Co. will post 3.26 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

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.