GFG Capital LLC Purchases 1,234 Shares of The Charles Schwab Co. (NYSE:SCHW)

GFG Capital LLC increased its position in The Charles Schwab Co. (NYSE:SCHW) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,310 shares of the financial services provider’s stock after purchasing an additional 1,234 shares during the quarter. GFG Capital LLC’s holdings in Charles Schwab were worth $2,483,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Country Trust Bank bought a new position in Charles Schwab in the second quarter valued at approximately $26,000. American Capital Advisory LLC acquired a new position in shares of Charles Schwab during the second quarter worth $27,000. Fortitude Family Office LLC raised its position 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 worth $29,000 after acquiring an additional 192 shares during the last quarter. CGC Financial Services LLC acquired a new position in shares of Charles Schwab in the 2nd quarter worth approximately $29,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in Charles Schwab during the second quarter valued at $29,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 transaction, the insider now directly owns 61,887 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. In other news, Chairman Charles R. Schwab sold 67,386 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total value of $4,387,502.46. Following the completion of the sale, the chairman now directly owns 60,619,371 shares in the company, valued at $3,946,927,245.81. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul V. Woolway sold 1,150 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $65.20, for a total transaction of $74,980.00. Following the sale, the insider now owns 61,887 shares of the company’s stock, valued at approximately $4,035,032.40. 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 over the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Barclays upped their price objective on Charles Schwab from $64.00 to $74.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. JMP Securities boosted their price objective on Charles Schwab from $82.00 to $84.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 16th. Citigroup cut their target price on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, September 27th. Finally, Bank of America dropped their price target on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research 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 given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $73.59.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $70.87 on Tuesday. The company’s fifty day moving average price is $65.16 and its 200 day moving average price is $69.49. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49. The company has a market capitalization of $126.04 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.65 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.

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

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s payout ratio is 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.