Fidelis Capital Partners LLC Trims Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Fidelis Capital Partners LLC lowered its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,343 shares of the financial services provider’s stock after selling 547 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Charles Schwab were worth $467,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SCHW. Epoch Investment Partners Inc. grew its holdings in shares of Charles Schwab by 5.2% in the second quarter. Epoch Investment Partners Inc. now owns 28,437 shares of the financial services provider’s stock worth $2,096,000 after purchasing an additional 1,415 shares during the last quarter. 1832 Asset Management L.P. boosted its position in Charles Schwab by 381.4% in the 2nd quarter. 1832 Asset Management L.P. now owns 306,575 shares of the financial services provider’s stock valued at $22,592,000 after buying an additional 242,894 shares during the period. Greenline Partners LLC grew its stake in Charles Schwab by 4.9% in the 2nd quarter. Greenline Partners LLC now owns 24,336 shares of the financial services provider’s stock worth $1,787,000 after acquiring an additional 1,140 shares in the last quarter. Frank Rimerman Advisors LLC increased its position in shares of Charles Schwab by 923.3% during the second quarter. Frank Rimerman Advisors LLC now owns 17,990 shares of the financial services provider’s stock worth $1,326,000 after acquiring an additional 16,232 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in shares of Charles Schwab by 5.2% in the second quarter. ProShare Advisors LLC now owns 303,142 shares of the financial services provider’s stock valued at $22,339,000 after purchasing an additional 14,855 shares during the period. Institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Jefferies Financial Group raised their price target on Charles Schwab from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 8th. 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 reduced their price target on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a research report on Wednesday, July 17th. JMP Securities dropped their price objective on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating on the stock in a research report on Tuesday, July 23rd. Finally, Wells Fargo & Company assumed coverage on shares of Charles Schwab in a report on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab has an average rating of “Hold” and an average target price of $73.75.

Charles Schwab Stock Up 1.0 %

Shares of SCHW opened at $65.39 on Monday. The company has a market capitalization of $116.22 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 1.19 and a beta of 0.97. The Charles Schwab Co. has a 52 week low of $48.66 and a 52 week high of $79.49. The stock’s 50-day moving average price is $64.28 and its 200-day moving average price is $69.96. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. Charles Schwab’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. On average, sell-side analysts predict that The Charles Schwab Co. will post 3.05 EPS for the current year.

Charles Schwab Dividend Announcement

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. This represents a $1.00 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insider Buying and Selling at Charles Schwab

In related news, President Richard A. Wurster bought 10,000 shares of the business’s stock in a transaction dated 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 completion of the purchase, the president now directly owns 144,228 shares of the company’s stock, valued at $8,949,347.40. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Charles Schwab news, insider Jonathan S. Beatty sold 780 shares of Charles Schwab stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $75.00, for a total transaction of $58,500.00. Following the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,355,175. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Richard A. Wurster bought 10,000 shares of Charles Schwab stock in a transaction dated 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 completion of the transaction, the president now directly owns 144,228 shares of the company’s stock, valued at $8,949,347.40. The disclosure for this purchase can be found here. Insiders have sold a total of 99,636 shares of company stock valued at $6,457,104 over the last ninety days. Corporate insiders own 6.60% of the company’s stock.

About Charles Schwab

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.