The Charles Schwab Co. (NYSE:SCHW) Stock Holdings Trimmed by Sei Investments Co.

Sei Investments Co. lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 4.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,005,609 shares of the financial services provider’s stock after selling 52,185 shares during the period. Sei Investments Co. owned about 0.06% of Charles Schwab worth $74,103,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Country Trust Bank acquired a new position in Charles Schwab in the second quarter worth $26,000. American Capital Advisory LLC acquired a new position in shares of Charles Schwab in the 2nd quarter valued at about $27,000. Fortitude Family Office LLC grew its position 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 valued at $29,000 after buying an additional 192 shares during the last quarter. CGC Financial Services LLC acquired a new stake in Charles Schwab during the second quarter worth about $29,000. Finally, Mizuho Securities Co. Ltd. bought a new position in Charles Schwab in the second quarter worth about $29,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insiders Place Their Bets

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the sale, the director now owns 554,929 shares in the company, valued at approximately $35,543,202.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the sale, the director now directly owns 554,929 shares of the company’s stock, valued at $35,543,202.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan S. Beatty sold 780 shares of Charles Schwab stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $75.00, for a total transaction of $58,500.00. Following the completion of the transaction, the insider now directly owns 18,069 shares in the company, valued at $1,355,175. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,636 shares of company stock worth $6,457,104. 6.60% of the stock is owned by insiders.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $65.39 on Friday. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49. The firm has a market cap of $116.29 billion, a P/E ratio of 27.36, a PEG ratio of 1.19 and a beta of 0.97. The stock has a fifty day moving average price of $64.28 and a two-hundred day moving average price of $69.94. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company earned $0.75 earnings per share. Charles Schwab’s revenue was up .7% compared to the same quarter last year. Research analysts forecast that The Charles Schwab Co. will post 3.05 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Friday, August 9th. Charles Schwab’s payout ratio is 41.84%.

Wall Street Analyst Weigh In

SCHW has been the subject of several recent research reports. Jefferies Financial Group upped their target price on Charles Schwab from $85.00 to $88.00 and gave the company a “buy” rating in a report on Monday, July 8th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research note on Thursday, August 22nd. Wells Fargo & Company began coverage on Charles Schwab in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 target price on the stock. JMP Securities lowered their price target on shares of Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a research report on Tuesday, July 23rd. Finally, Piper Sandler cut shares of Charles Schwab from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $80.00 to $64.00 in a report on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and a consensus target price 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.