The Charles Schwab Co. (NYSE:SCHW) Holdings Lessened by CORDA Investment Management LLC.

CORDA Investment Management LLC. reduced its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 630,430 shares of the financial services provider’s stock after selling 4,627 shares during the period. Charles Schwab comprises 3.2% of CORDA Investment Management LLC.’s investment portfolio, making the stock its 10th largest holding. CORDA Investment Management LLC.’s holdings in Charles Schwab were worth $40,858,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Chaney Capital Management Inc. grew its holdings in Charles Schwab by 9.4% during the 3rd quarter. Chaney Capital Management Inc. now owns 30,723 shares of the financial services provider’s stock worth $1,991,000 after acquiring an additional 2,645 shares in the last quarter. Intact Investment Management Inc. grew its holdings in Charles Schwab by 10.3% during the 3rd quarter. Intact Investment Management Inc. now owns 11,740 shares of the financial services provider’s stock worth $761,000 after acquiring an additional 1,100 shares in the last quarter. KG&L Capital Management LLC acquired a new position in Charles Schwab during the 3rd quarter worth approximately $587,000. Westbourne Investment Advisors Inc. grew its holdings in Charles Schwab by 1.6% during the 3rd quarter. Westbourne Investment Advisors Inc. now owns 121,689 shares of the financial services provider’s stock worth $7,887,000 after acquiring an additional 1,953 shares in the last quarter. Finally, TrueWealth Advisors LLC acquired a new position in Charles Schwab during the 3rd quarter worth approximately $213,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on SCHW shares. Piper Sandler boosted their price target on shares of Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. The Goldman Sachs Group upped their target price on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. TD Cowen restated a “hold” rating and issued a $71.00 target price (down previously from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Bank of America lowered their target price on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a report on Wednesday, October 16th. Finally, Citigroup lowered their target price on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Charles Schwab has an average rating of “Hold” and a consensus price target of $73.94.

Insider Activity

In other news, Chairman Charles R. Schwab sold 62,345 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the sale, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at $4,396,116,784.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Charles R. Schwab sold 62,345 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the sale, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at $4,396,116,784.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.10, for a total value of $802,032.00. Following the completion of the sale, the director now directly owns 562,129 shares of the company’s stock, valued at $36,594,597.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,465 shares of company stock valued at $8,050,109 in the last three months. 6.60% of the stock is currently owned by company insiders.

Charles Schwab Stock Down 0.5 %

SCHW stock opened at $70.61 on Monday. The stock has a market capitalization of $125.58 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 1.62 and a beta of 0.96. The company has a fifty day moving average of $66.39 and a 200-day moving average of $69.48. 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 Charles Schwab Co. has a one year low of $53.49 and a one year high of $79.49.

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

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.42%. Charles Schwab’s dividend payout ratio is currently 39.06%.

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.