LeJeune Puetz Investment Counsel LLC Has $1.81 Million Position in Charles Schwab Co. (SCHW)

LeJeune Puetz Investment Counsel LLC boosted its holdings in Charles Schwab Co. (NYSE:SCHW) by 7.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,292 shares of the financial services provider’s stock after purchasing an additional 3,015 shares during the quarter. LeJeune Puetz Investment Counsel LLC’s holdings in Charles Schwab were worth $1,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Douglas Lane & Associates LLC grew its position in Charles Schwab by 1.5% during the first quarter. Douglas Lane & Associates LLC now owns 468,806 shares of the financial services provider’s stock valued at $20,046,000 after acquiring an additional 6,986 shares during the period. Spearhead Capital Advisors LLC grew its position in Charles Schwab by 128.4% during the first quarter. Spearhead Capital Advisors LLC now owns 75,601 shares of the financial services provider’s stock valued at $3,233,000 after acquiring an additional 42,494 shares during the period. BB&T Corp grew its position in Charles Schwab by 1.7% during the first quarter. BB&T Corp now owns 56,590 shares of the financial services provider’s stock valued at $2,420,000 after acquiring an additional 943 shares during the period. Community Financial Services Group LLC grew its position in Charles Schwab by 0.3% during the first quarter. Community Financial Services Group LLC now owns 181,556 shares of the financial services provider’s stock valued at $7,764,000 after acquiring an additional 547 shares during the period. Finally, West Coast Financial LLC grew its position in Charles Schwab by 11.4% during the first quarter. West Coast Financial LLC now owns 150,914 shares of the financial services provider’s stock valued at $6,453,000 after acquiring an additional 15,441 shares during the period. Hedge funds and other institutional investors own 80.07% of the company’s stock.

Shares of NYSE SCHW traded up $0.29 on Tuesday, hitting $45.74. The company had a trading volume of 197,951 shares, compared to its average volume of 6,709,154. Charles Schwab Co. has a 12-month low of $37.83 and a 12-month high of $60.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.08 and a quick ratio of 0.83. The company has a market capitalization of $60.49 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 1.47 and a beta of 1.32.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Monday, April 15th. The financial services provider reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. Charles Schwab had a return on equity of 20.79% and a net margin of 35.27%. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. The company’s revenue was up 13.6% compared to the same quarter last year. Research analysts expect that Charles Schwab Co. will post 2.77 EPS for the current fiscal year.

Charles Schwab declared that its board has approved a stock buyback program on Wednesday, January 30th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 6.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

In related news, Chairman Charles R. Schwab sold 250,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $45.29, for a total value of $11,322,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Terri R. Kallsen sold 41,285 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $46.75, for a total value of $1,930,073.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 633,617 shares of company stock worth $29,228,622. Insiders own 10.90% of the company’s stock.

SCHW has been the subject of a number of research reports. Zacks Investment Research raised Charles Schwab from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Thursday, January 3rd. Wells Fargo & Co decreased their target price on Charles Schwab from $53.00 to $44.00 and set a “market perform” rating for the company in a research report on Friday, January 4th. Morgan Stanley decreased their target price on Charles Schwab from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, January 4th. Wolfe Research raised Charles Schwab from an “underperform” rating to a “market perform” rating in a research report on Tuesday, January 8th. Finally, Raymond James upped their target price on Charles Schwab from $51.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $53.22.

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Charles Schwab Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through 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 Charles Schwab (NYSE:SCHW)

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