Ramsay Stattman Vela & Price Inc. Increases Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Ramsay Stattman Vela & Price Inc. lifted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,387 shares of the financial services provider’s stock after purchasing an additional 635 shares during the period. Ramsay Stattman Vela & Price Inc.’s holdings in Charles Schwab were worth $608,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Country Trust Bank bought a new stake in shares of Charles Schwab during the 2nd quarter valued at about $26,000. American Capital Advisory LLC purchased a new position in shares of Charles Schwab during the 2nd quarter worth approximately $27,000. Fortitude Family Office LLC raised its position in shares of Charles Schwab by 97.5% in the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 192 shares in the last quarter. CGC Financial Services LLC purchased a new position in shares of Charles Schwab in the 2nd quarter valued at approximately $29,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of Charles Schwab during the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SCHW shares. Citigroup dropped their price objective on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. The Goldman Sachs Group upped their price target on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. TD Cowen reiterated a “hold” rating and set a $71.00 price objective (down previously from $88.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Piper Sandler increased their target price on Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, Barclays raised their price target on Charles Schwab from $64.00 to $74.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $73.94.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 1,150 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $65.20, for a total transaction of $74,980.00. Following the completion of the transaction, the insider now owns 61,887 shares in the company, valued at $4,035,032.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $65.20, for a total value of $74,980.00. Following the completion of the transaction, the insider now owns 61,887 shares in the company, valued at approximately $4,035,032.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the stock in a transaction 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 sale, the director now owns 562,129 shares in the company, valued at $36,594,597.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 182,001 shares of company stock valued at $12,512,592 in the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

SCHW stock traded up $0.28 during trading on Tuesday, reaching $72.32. The company’s stock had a trading volume of 2,490,312 shares, compared to its average volume of 8,023,393. The company’s fifty day moving average is $65.85 and its 200-day moving average is $69.49. The Charles Schwab Co. has a 1 year low of $49.71 and a 1 year high of $79.49. The company has a market capitalization of $128.53 billion, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 1.65 and a beta of 0.97. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data 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 net margin of 27.47% and a return on equity of 17.52%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period last year, the firm posted $0.77 EPS. The company’s revenue was up 5.2% on a year-over-year basis. On average, research analysts expect that The Charles Schwab Co. will post 3.11 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Friday, November 8th. Charles Schwab’s payout ratio is 41.84%.

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.