Mezzasalma Advisors LLC Has $5.42 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Mezzasalma Advisors LLC boosted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 10.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,974 shares of the financial services provider’s stock after purchasing an additional 6,865 shares during the quarter. Charles Schwab comprises approximately 2.6% of Mezzasalma Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Mezzasalma Advisors LLC’s holdings in Charles Schwab were worth $5,424,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Ironwood Financial llc grew its holdings in Charles Schwab by 1.6% during the 1st quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after buying an additional 160 shares in the last quarter. Courier Capital LLC grew its holdings in Charles Schwab by 0.4% during the 4th quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after buying an additional 161 shares in the last quarter. Sugarloaf Wealth Management LLC grew its holdings in 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 in the last quarter. Sculati Wealth Management LLC grew its holdings in Charles Schwab by 0.4% during the 4th quarter. Sculati Wealth Management LLC now owns 42,971 shares of the financial services provider’s stock valued at $2,956,000 after buying an additional 165 shares in the last quarter. Finally, Manchester Capital Management LLC grew its holdings in Charles Schwab by 16.7% during the 4th quarter. Manchester Capital Management LLC now owns 1,190 shares of the financial services provider’s stock valued at $82,000 after buying an additional 170 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

SCHW has been the subject of a number of recent analyst reports. Morgan Stanley lifted their target price on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. UBS Group lifted their target price on Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. cut their price objective on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Bank of America boosted their price objective on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $76.00 price objective on shares of Charles Schwab in a report on Monday, June 17th. Three equities 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $75.56.

Insider Buying and Selling at Charles Schwab

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 value of $413,870.31. Following the completion of the sale, the chief financial officer now owns 60,567 shares in the company, valued at $4,573,414.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $413,870.31. Following the completion of the sale, the chief financial officer now owns 60,567 shares in the company, valued at $4,573,414.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter B. Crawford sold 5,482 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $73.46, for a total value of $402,707.72. Following the transaction, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,449,251.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 658,663 shares of company stock worth $48,997,146. 6.60% of the stock is currently owned by insiders.

Charles Schwab Price Performance

NYSE:SCHW 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 firm has a 50 day moving average price of $74.36 and a two-hundred day moving average price of $69.91. The stock has a market capitalization of $131.75 billion, a P/E ratio of 31.02, a P/E/G ratio of 1.15 and a beta of 0.99. 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 quick ratio of 0.42 and a current ratio of 0.42.

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

Charles Schwab Dividend Announcement

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