The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Private Advisory Group LLC

Private Advisory Group LLC lifted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 82,044 shares of the financial services provider’s stock after purchasing an additional 2,741 shares during the quarter. Private Advisory Group LLC’s holdings in Charles Schwab were worth $5,317,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SCHW. Country Trust Bank acquired a new position in Charles Schwab during the second quarter worth about $26,000. American Capital Advisory LLC acquired a new stake in shares of Charles Schwab in the 2nd quarter worth approximately $27,000. Fortitude Family Office LLC increased its stake in Charles Schwab by 97.5% in the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. CGC Financial Services LLC acquired a new position in Charles Schwab during the second quarter worth $29,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in Charles Schwab during the second quarter worth $29,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now directly owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Charles Schwab news, President Richard A. Wurster bought 10,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were acquired at an average cost of $62.05 per share, with a total value of $620,500.00. Following the completion of the transaction, the president now owns 144,228 shares in the company, valued at $8,949,347.40. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the completion of the transaction, the director now directly owns 554,929 shares of the company’s stock, valued at $35,543,202.45. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 98,856 shares of company stock valued at $6,398,604. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Piper Sandler cut Charles Schwab from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $80.00 to $64.00 in a research report on Monday, July 29th. TD Cowen restated a “hold” rating and set a $71.00 target price (down from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Morgan Stanley cut their target price on shares of Charles Schwab from $70.00 to $68.00 and set an “equal weight” rating for the company in a research report on Monday. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a research report on Thursday, August 22nd. Finally, JMP Securities cut their price objective on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a research report on Tuesday, July 23rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $72.25.

Charles Schwab Price Performance

SCHW stock opened at $66.65 on Friday. The company has a market cap of $118.53 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 1.43 and a beta of 0.97. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average price of $64.04 and a two-hundred day moving average price of $69.58. The Charles Schwab Co. has a 12-month low of $48.66 and a 12-month high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts predict that The Charles Schwab Co. will post 3.07 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.49%.

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.