Stephens Inc. AR lowered its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 17.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,298 shares of the financial services provider's stock after selling 7,141 shares during the quarter. Stephens Inc. AR's holdings in Charles Schwab were worth $2,158,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. Nelson Capital Management LLC lifted its stake in Charles Schwab by 0.4% during the 1st quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider's stock valued at $2,729,000 after acquiring an additional 141 shares in the last quarter. Abbrea Capital LLC lifted its stake in Charles Schwab by 2.5% during the 1st quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider's stock valued at $418,000 after acquiring an additional 142 shares in the last quarter. Alliance Wealth Advisors LLC lifted its stake in Charles Schwab by 2.7% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider's stock valued at $347,000 after acquiring an additional 142 shares in the last quarter. Arcataur Capital Management LLC lifted its stake in Charles Schwab by 2.3% during the 3rd quarter. Arcataur Capital Management LLC now owns 6,648 shares of the financial services provider's stock valued at $431,000 after acquiring an additional 150 shares in the last quarter. Finally, Tandem Capital Management Corp ADV lifted its stake in Charles Schwab by 0.3% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 49,537 shares of the financial services provider's stock valued at $3,210,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.
A number of equities research analysts have recently commented on SCHW shares. UBS Group lowered their target price on Charles Schwab from $91.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, July 9th. The Goldman Sachs Group lifted their target price on Charles Schwab from $67.00 to $74.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. StockNews.com upgraded Charles Schwab from a "sell" rating to a "hold" rating in a research note on Wednesday, October 16th. Morgan Stanley lifted their target price on Charles Schwab from $68.00 to $74.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. Finally, TD Cowen reiterated a "hold" rating and set a $71.00 target price (down from $88.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $73.94.
Get Our Latest Stock Analysis on Charles Schwab
In other news, Chairman Charles R. Schwab sold 62,345 shares of the business's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total transaction 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 approximately $4,396,116,784.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.10, for a total value of $802,032.00. Following the completion of the sale, the director now owns 562,129 shares in the company, valued at $36,594,597.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 62,345 shares of the business's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value 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 $4,396,116,784.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,465 shares of company stock valued at $8,050,109. 6.60% of the stock is owned by corporate insiders.
SCHW stock opened at $70.94 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $126.16 billion, a PE ratio of 27.71, a PEG ratio of 1.62 and a beta of 0.96. The Charles Schwab Co. has a twelve month low of $53.49 and a twelve month high of $79.49. The stock has a 50-day simple moving average of $66.39 and a two-hundred day simple moving average of $69.48.
Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion during 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 quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 EPS. On average, equities analysts predict that The Charles Schwab Co. will post 3.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, November 8th. Charles Schwab's payout ratio is 39.06%.
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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