Conscious Wealth Investments LLC Purchases 222 Shares of The Charles Schwab Co. (NYSE:SCHW)

Conscious Wealth Investments LLC lifted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 43,970 shares of the financial services provider’s stock after acquiring an additional 222 shares during the period. Charles Schwab accounts for about 2.2% of Conscious Wealth Investments LLC’s investment portfolio, making the stock its 22nd biggest holding. Conscious Wealth Investments LLC’s holdings in Charles Schwab were worth $3,153,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Country Trust Bank bought a new stake in shares of Charles Schwab during the second quarter valued at approximately $26,000. Fortitude Family Office LLC raised its stake in 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 buying an additional 192 shares during the last quarter. American Capital Advisory LLC purchased a new position in Charles Schwab during the second quarter valued at $27,000. CGC Financial Services LLC purchased a new position in 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 valued at $29,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Performance

NYSE:SCHW traded down $0.77 during mid-day trading on Friday, hitting $71.82. 4,503,918 shares of the company traded hands, compared to its average volume of 8,060,867. The stock’s fifty day moving average price is $65.73 and its 200-day moving average price is $69.50. The Charles Schwab Co. has a one year low of $49.16 and a one year high of $79.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The firm has a market cap of $127.64 billion, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 1.63 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The firm had revenue of $4.85 billion during 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 business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.77 earnings per share. Research analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $72.16, for a total value of $2,150,368.00. Following the sale, the director now directly owns 551,329 shares in the company, valued at approximately $39,783,900.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the sale, the director now directly owns 551,329 shares in the company, valued at $39,783,900.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Charles R. Schwab sold 62,345 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total value of $4,521,259.40. Following the sale, the chairman now owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 182,001 shares of company stock worth $12,512,592. Corporate insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

SCHW has been the subject of several recent analyst reports. Raymond James decreased their price target on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Wells Fargo & Company boosted their price target on Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their price target on Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Jefferies Financial Group decreased their price target on Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Finally, JMP Securities boosted their price target on Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $73.94.

About Charles Schwab

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.