Tealwood Asset Management Inc. Acquires New Shares in The Charles Schwab Co. (NYSE:SCHW)

Tealwood Asset Management Inc. purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 25,746 shares of the financial services provider’s stock, valued at approximately $1,669,000.

Other institutional investors have also made changes to their positions in the company. Country Trust Bank acquired a new position in Charles Schwab during the second quarter worth $26,000. Fortitude Family Office LLC increased its holdings 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 acquiring an additional 192 shares during the last quarter. American Capital Advisory LLC bought a new position in shares of Charles Schwab in the 2nd quarter valued at approximately $27,000. CGC Financial Services LLC acquired a new stake in Charles Schwab in the 2nd quarter worth approximately $29,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in Charles Schwab during the second quarter worth approximately $29,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Charles Schwab

In other news, CEO Walter W. Bettinger acquired 25,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were purchased at an average cost of $66.26 per share, with a total value of $1,656,500.00. Following the completion of the purchase, the chief executive officer now owns 827,377 shares of the company’s stock, valued at $54,822,000.02. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Charles Schwab news, CEO Walter W. Bettinger acquired 25,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was purchased at an average price of $66.26 per share, for a total transaction of $1,656,500.00. Following the transaction, the chief executive officer now owns 827,377 shares in the company, valued at $54,822,000.02. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Richard A. Wurster bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were acquired at an average price of $62.05 per share, for a total transaction of $620,500.00. Following the acquisition, the president now directly owns 144,228 shares of the company’s stock, valued at approximately $8,949,347.40. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 99,636 shares of company stock valued at $6,457,104. 6.60% of the stock is currently owned by company insiders.

Charles Schwab Price Performance

Shares of NYSE:SCHW traded up $0.53 during midday trading on Tuesday, reaching $64.82. 1,760,040 shares of the company’s stock were exchanged, compared to its average volume of 7,981,600. The firm has a market capitalization of $115.28 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 1.29 and a beta of 0.97. The company’s 50 day simple moving average is $63.95 and its two-hundred day simple moving average is $69.67. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49. 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 announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The firm had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter last year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. Equities research analysts expect that The Charles Schwab Co. will post 3.06 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, August 9th. This represents a $1.00 annualized dividend and a yield of 1.54%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Analyst Ratings Changes

A number of research analysts have weighed in on SCHW shares. JPMorgan Chase & Co. cut their target price on shares of Charles Schwab from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on Charles Schwab from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Barclays lowered their target price on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 17th. Wells Fargo & Company initiated coverage on Charles Schwab in a report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price target for the company. Finally, JMP Securities lowered their price objective on shares of Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating on the stock in a research note on Tuesday, July 23rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab has a consensus rating of “Hold” and a consensus price target of $72.25.

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.