The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Frisch Financial Group Inc.

Frisch Financial Group Inc. lowered its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,358 shares of the financial services provider’s stock after selling 418 shares during the period. Frisch Financial Group Inc.’s holdings in Charles Schwab were worth $1,205,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Country Trust Bank acquired a new stake in shares of Charles Schwab during the second quarter valued at $26,000. American Capital Advisory LLC acquired a new stake in shares of Charles Schwab during the second quarter valued at $27,000. Fortitude Family Office LLC boosted its stake in shares of Charles Schwab by 97.5% during the second 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 last quarter. CGC Financial Services LLC acquired a new stake in shares of Charles Schwab during the second quarter valued at $29,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in Charles Schwab during the second quarter worth about $29,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

SCHW has been the topic of several recent analyst reports. UBS Group reduced their target price on Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Bank of America reduced their target price on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 17th. Piper Sandler downgraded Charles Schwab from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $80.00 to $64.00 in a research report on Monday, July 29th. Jefferies Financial Group increased their target price on Charles Schwab from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Finally, StockNews.com downgraded Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and a consensus target price of $73.75.

Charles Schwab Stock Performance

Shares of NYSE:SCHW opened at $63.72 on Tuesday. The company has a market cap of $113.31 billion, a P/E ratio of 26.66, a PEG ratio of 1.16 and a beta of 0.97. 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 $48.66 and a one year high of $79.49. The business’s 50-day simple moving average is $65.14 and its 200 day simple moving average is $70.05.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, beating the consensus estimate 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 period last year, the business posted $0.75 EPS. The company’s revenue was up .7% on a year-over-year basis. On average, sell-side analysts forecast that The Charles Schwab Co. will post 3.05 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.57%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 780 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $75.00, for a total transaction of $58,500.00. Following the completion of the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,355,175. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, President Richard A. Wurster bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was bought at an average price of $62.05 per share, for a total transaction of $620,500.00. Following the transaction, the president now owns 144,228 shares in the company, valued at $8,949,347.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan S. Beatty sold 780 shares of Charles Schwab stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $75.00, for a total value of $58,500.00. Following the completion of the transaction, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,355,175. The disclosure for this sale can be found here. Insiders sold a total of 99,636 shares of company stock worth $6,533,064 in the last 90 days. 6.60% of the stock is owned by corporate 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.