Tempus Wealth Planning LLC raised its position in The Charles Schwab Co. (NYSE:SCHW – Free Report) by 8.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,220 shares of the financial services provider’s stock after acquiring an additional 476 shares during the quarter. Tempus Wealth Planning LLC’s holdings in Charles Schwab were worth $403,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of SCHW. Country Trust Bank acquired a new stake in Charles Schwab in the second quarter valued at about $26,000. Fortitude Family Office LLC lifted its holdings 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 valued at $29,000 after buying an additional 192 shares during the period. American Capital Advisory LLC purchased a new stake in shares of Charles Schwab in the second quarter valued at approximately $27,000. CGC Financial Services LLC purchased a new position in Charles Schwab in the second quarter worth $29,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in Charles Schwab in the second quarter valued at $29,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.
Insider Activity
In other news, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $65.20, for a total value 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Paul V. Woolway sold 1,150 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was 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 approximately $4,035,032.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the transaction, the director now directly owns 554,929 shares in the company, valued at $35,543,202.45. This trade represents a 0.00 % decrease in their ownership of the stock. 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 three months. Corporate insiders own 6.60% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Research Report on SCHW
Charles Schwab Stock Performance
NYSE SCHW opened at $70.91 on Wednesday. The firm has a market capitalization of $126.11 billion, a P/E ratio of 27.70, a P/E/G ratio of 1.65 and a beta of 0.97. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42. The business’s 50-day simple moving average is $65.32 and its 200-day simple moving average is $69.48.
Charles Schwab (NYSE:SCHW – Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. The business had revenue of $4.85 billion for 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 company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS. Equities analysts predict that The Charles Schwab Co. will post 3.11 EPS for the current year.
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.
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Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Co. (NYSE:SCHW – Free Report).
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