The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by SAM Advisors LLC

SAM Advisors LLC boosted its stake in The Charles Schwab Co. (NYSE:SCHW) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,213 shares of the financial services provider’s stock after acquiring an additional 1,141 shares during the period. Charles Schwab accounts for about 1.1% of SAM Advisors LLC’s holdings, making the stock its 18th biggest position. SAM Advisors LLC’s holdings in Charles Schwab were worth $3,125,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Washington Trust Advisors Inc. increased its position in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares during the period. Capital Performance Advisors LLP acquired a new position in Charles Schwab during the 3rd quarter worth approximately $25,000. Country Trust Bank acquired a new position in Charles Schwab during the 2nd quarter worth approximately $26,000. American Capital Advisory LLC acquired a new position in Charles Schwab during the 2nd quarter worth approximately $27,000. Finally, Fortitude Family Office LLC increased its position in 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 purchasing an additional 192 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity

In other news, Chairman Charles R. Schwab sold 62,345 shares of Charles Schwab stock in a transaction dated 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 completion of the transaction, the chairman now owns 60,619,371 shares of the company’s stock, valued at $4,396,116,784.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Chairman Charles R. Schwab sold 62,345 shares of Charles Schwab stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the completion of the sale, the chairman now owns 60,619,371 shares of the company’s stock, valued at approximately $4,396,116,784.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,391,674.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,645 shares of company stock valued at $7,440,627 in the last quarter. Company insiders own 6.60% of the company’s stock.

Charles Schwab Trading Up 0.1 %

Charles Schwab stock opened at $78.27 on Thursday. The Charles Schwab Co. has a 1 year low of $54.24 and a 1 year high of $79.49. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.47. The firm’s 50 day moving average price is $68.05 and its two-hundred day moving average price is $69.54. The firm has a market cap of $139.29 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 1.79 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 27.47% and a return on equity of 16.92%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. On average, research analysts predict that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SCHW shares. Wells Fargo & Company boosted their target price on Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Bank of America decreased their price target on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 16th. Citigroup decreased their price target on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. Morgan Stanley upped their target price on Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $74.18.

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.