GHP Investment Advisors Inc. Has $4.15 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

GHP Investment Advisors Inc. boosted its position in The Charles Schwab Co. (NYSE:SCHW) by 3.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 64,077 shares of the financial services provider’s stock after acquiring an additional 2,402 shares during the period. GHP Investment Advisors Inc.’s holdings in Charles Schwab were worth $4,153,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

SCHW has been the subject of a number of research analyst reports. TD Cowen restated a “hold” rating and set a $71.00 price objective (down previously from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Bank of America dropped their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a report on Wednesday, October 16th. Cowen upped their price target on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Two research 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 stock has a consensus rating of “Hold” and a consensus price target of $73.94.

Insider Activity

In related news, insider Paul V. Woolway sold 1,150 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were 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 $4,035,032.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.10, for a total transaction of $802,032.00. Following the completion of the transaction, the director now directly owns 562,129 shares in the company, valued at $36,594,597.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 directly owns 61,887 shares in the company, valued at approximately $4,035,032.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 182,001 shares of company stock valued at $12,512,592 over the last quarter. 6.60% of the stock is owned by company insiders.

Charles Schwab Trading Down 1.1 %

Shares of Charles Schwab stock opened at $71.82 on Friday. The firm’s 50 day moving average is $65.73 and its 200 day moving average is $69.50. The firm has a market capitalization of $127.64 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 1.63 and a beta of 0.97. The Charles Schwab Co. has a 1 year low of $49.16 and a 1 year high of $79.49. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65.

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 the consensus estimate of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the business earned $0.77 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts forecast that The Charles Schwab Co. will post 3.11 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date 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.