The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Tlwm

Tlwm lessened its position in The Charles Schwab Co. (NYSE:SCHW) by 5.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 15,766 shares of the financial services provider’s stock after selling 903 shares during the period. Tlwm’s holdings in Charles Schwab were worth $1,022,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHW. M&G Plc acquired a new stake in Charles Schwab in the first quarter valued at $11,452,000. Teewinot Capital Advisers L.L.C. lifted its stake in shares of Charles Schwab by 9.0% in the second quarter. Teewinot Capital Advisers L.L.C. now owns 775,161 shares of the financial services provider’s stock valued at $57,122,000 after purchasing an additional 64,041 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Charles Schwab by 10.4% during the first quarter. Daiwa Securities Group Inc. now owns 190,597 shares of the financial services provider’s stock worth $13,788,000 after buying an additional 17,925 shares in the last quarter. Wedmont Private Capital grew its position in Charles Schwab by 12.2% during the first quarter. Wedmont Private Capital now owns 13,130 shares of the financial services provider’s stock worth $949,000 after buying an additional 1,430 shares during the period. Finally, Bridgewater Associates LP increased its holdings in Charles Schwab by 217.8% in the fourth quarter. Bridgewater Associates LP now owns 194,339 shares of the financial services provider’s stock valued at $13,371,000 after buying an additional 133,186 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Piper Sandler lowered Charles Schwab from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $80.00 to $64.00 in a research note on Monday, July 29th. Jefferies Financial Group lowered their price target on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday. Barclays reduced their target price on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 17th. TD Cowen restated a “hold” rating and issued a $71.00 price objective (down from $88.00) on shares of Charles Schwab in a research report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $72.25.

Charles Schwab Price Performance

Charles Schwab stock opened at $64.29 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market cap of $114.34 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.29 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 firm has a 50 day moving average price of $63.97 and a 200 day moving average price of $69.72.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The company had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the previous year, the company earned $0.75 EPS. The business’s quarterly revenue was up .7% compared to the same quarter last year. Sell-side analysts predict that The Charles Schwab Co. will post 3.06 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.56%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insider Activity

In other Charles Schwab news, President Richard A. Wurster acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was bought at an average cost of $62.05 per share, for a total transaction of $620,500.00. Following the completion of the purchase, the president now directly owns 144,228 shares in the company, valued at $8,949,347.40. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Jonathan S. Beatty sold 780 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $75.00, for a total transaction of $58,500.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,355,175. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Richard A. Wurster purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was bought at an average price of $62.05 per share, with a total value of $620,500.00. Following the acquisition, the president now owns 144,228 shares in the company, valued at $8,949,347.40. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 99,636 shares of company stock valued at $6,457,104 in the last three months. 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.