Prime Capital Investment Advisors LLC Has $7.21 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Prime Capital Investment Advisors LLC lowered its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 97,778 shares of the financial services provider’s stock after selling 2,911 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Charles Schwab were worth $7,205,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in Charles Schwab by 33.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after acquiring an additional 17,369,091 shares in the last quarter. Norges Bank bought a new position in shares of Charles Schwab during the 4th quarter valued at about $950,192,000. Morningstar Investment Services LLC grew its position in shares of Charles Schwab by 98.0% in the 4th quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock valued at $326,284,000 after purchasing an additional 2,322,156 shares during the period. Franklin Resources Inc. grew its position in shares of Charles Schwab by 19.7% in the 4th quarter. Franklin Resources Inc. now owns 9,472,698 shares of the financial services provider’s stock valued at $651,722,000 after purchasing an additional 1,558,975 shares during the period. Finally, Mondrian Investment Partners LTD increased its stake in Charles Schwab by 28,736.1% during the 1st quarter. Mondrian Investment Partners LTD now owns 1,485,637 shares of the financial services provider’s stock worth $107,471,000 after purchasing an additional 1,480,485 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In related news, President Richard A. Wurster bought 10,000 shares of Charles Schwab stock in a transaction that occurred on Wednesday, July 17th. The stock was acquired at an average price of $62.05 per share, with a total value of $620,500.00. Following the acquisition, the president now owns 144,228 shares of the company’s stock, valued at approximately $8,949,347.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, President Richard A. Wurster bought 10,000 shares of the stock in a transaction dated Wednesday, July 17th. The shares were bought at an average price of $62.05 per share, for a total transaction of $620,500.00. Following the completion of the purchase, the president now owns 144,228 shares in the company, valued at $8,949,347.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $72.49, for a total value of $652,410.00. Following the completion of the sale, the director now owns 570,657 shares of the company’s stock, valued at $41,366,925.93. The disclosure for this sale can be found here. Insiders have sold a total of 99,636 shares of company stock worth $6,533,064 over the last ninety days. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 0.6 %

Shares of SCHW stock opened at $62.12 on Monday. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. 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 stock has a market cap of $110.48 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 1.16 and a beta of 0.97. The firm’s 50-day moving average is $65.33 and its 200-day moving average is $70.07.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (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 firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Sell-side analysts predict that The Charles Schwab Co. will post 3.05 EPS 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 given 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 1.61%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several research analyst reports. UBS Group reduced their price target on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Barclays lowered their target price on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating for the company in a report on Wednesday, July 17th. Bank of America dropped their price target on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 17th. Jefferies Financial Group upped their price objective 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, Deutsche Bank Aktiengesellschaft lifted their target price on Charles Schwab from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $73.75.

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.