Calton & Associates Inc. Has $257,000 Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Calton & Associates Inc. reduced its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 18.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,489 shares of the financial services provider’s stock after selling 800 shares during the quarter. Calton & Associates Inc.’s holdings in Charles Schwab were worth $257,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SCHW. Marietta Wealth Management LLC grew its holdings in shares of Charles Schwab by 30.4% in the second quarter. Marietta Wealth Management LLC now owns 64,396 shares of the financial services provider’s stock valued at $4,745,000 after acquiring an additional 15,005 shares in the last quarter. CAP Partners LLC grew its holdings in shares of Charles Schwab by 6.1% in the second quarter. CAP Partners LLC now owns 3,022 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 174 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Charles Schwab in the second quarter valued at approximately $1,858,000. Oakworth Capital Inc. grew its holdings in shares of Charles Schwab by 76.9% in the second quarter. Oakworth Capital Inc. now owns 2,378 shares of the financial services provider’s stock valued at $175,000 after acquiring an additional 1,034 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC grew its holdings in shares of Charles Schwab by 36.6% in the second quarter. Franklin Street Advisors Inc. NC now owns 257,281 shares of the financial services provider’s stock valued at $18,959,000 after acquiring an additional 68,951 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Price Performance

NYSE SCHW traded up $0.32 during trading hours on Friday, reaching $65.55. 5,335,188 shares of the stock traded hands, compared to its average volume of 10,657,670. The stock has a 50 day simple moving average of $69.14 and a two-hundred day simple moving average of $69.97. 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 0.65, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market cap of $116.58 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 1.23 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter last year, the business posted $0.75 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts predict that The Charles Schwab Co. will post 3.06 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.53%. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Analyst Ratings Changes

SCHW has been the subject of several research reports. JMP Securities reduced their price objective on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a report on Tuesday, July 23rd. Piper Sandler lowered Charles Schwab from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $80.00 to $64.00 in a report on Monday, July 29th. StockNews.com lowered Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. JPMorgan Chase & Co. reduced their price objective on Charles Schwab from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. Finally, Jefferies Financial Group increased their price objective on Charles Schwab from $85.00 to $88.00 and gave the company a “buy” rating in a report on Monday, July 8th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $74.27.

Insider Activity

In related news, CEO Walter W. Bettinger acquired 25,000 shares of Charles Schwab stock in a transaction dated Wednesday, July 17th. The shares were purchased at an average cost of $66.26 per share, with a total value of $1,656,500.00. Following the completion of the purchase, the chief executive officer now owns 827,377 shares of the company’s stock, valued at $54,822,000.02. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Walter W. Bettinger acquired 25,000 shares of Charles Schwab stock in a transaction dated Wednesday, July 17th. The shares were purchased at an average cost of $66.26 per share, with a total value of $1,656,500.00. Following the completion of the purchase, the chief executive officer now owns 827,377 shares of the company’s stock, valued at $54,822,000.02. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Richard A. Wurster bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was acquired at an average cost of $62.05 per share, for a total transaction of $620,500.00. Following the completion of the purchase, the president now directly owns 144,228 shares of the company’s stock, valued at $8,949,347.40. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 181,911 shares of company stock valued at $12,541,978. 6.60% of the stock is currently owned by insiders.

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.