Kavar Capital Partners Group LLC Trims Position in The Charles Schwab Co. (NYSE:SCHW)

Kavar Capital Partners Group LLC lowered its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,958 shares of the financial services provider’s stock after selling 395 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Charles Schwab were worth $4,599,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Country Trust Bank acquired a new position in Charles Schwab in the 2nd quarter valued at about $26,000. American Capital Advisory LLC acquired a new position in Charles Schwab in the 2nd quarter valued at about $27,000. Fortitude Family Office LLC increased its position 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 acquiring an additional 192 shares during the period. CGC Financial Services LLC acquired a new position in Charles Schwab during the 2nd quarter worth approximately $29,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in Charles Schwab during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on SCHW shares. Barclays boosted their target price on Charles Schwab from $64.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Piper Sandler boosted their target price on Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their target price on Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Wells Fargo & Company boosted their target price on Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley boosted their target price on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.94.

Charles Schwab Price Performance

SCHW stock opened at $71.82 on Friday. The Charles Schwab Co. has a 1 year low of $49.16 and a 1 year high of $79.49. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The stock’s 50 day moving average price is $65.73 and its 200 day moving average price is $69.50. The firm has a market cap of $127.64 billion, a P/E ratio of 30.05, a PEG ratio of 1.63 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the company earned $0.77 EPS. Charles Schwab’s revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts expect that The Charles Schwab Co. will post 3.11 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Friday, November 8th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insiders Place Their Bets

In other Charles Schwab news, Chairman Charles R. Schwab sold 67,386 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the transaction, the chairman now owns 60,619,371 shares of the company’s stock, valued at $3,946,927,245.81. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the transaction, the chairman now owns 60,619,371 shares of the company’s stock, valued at $4,396,116,784.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Charles R. Schwab sold 67,386 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total value of $4,387,502.46. Following the sale, the chairman now owns 60,619,371 shares of the company’s stock, valued at approximately $3,946,927,245.81. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 182,001 shares of company stock valued at $12,512,592 in the last quarter. 6.60% of the stock is currently owned by company insiders.

Charles Schwab Company 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.