City Holding Co. Has $1.59 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

City Holding Co. reduced its position in The Charles Schwab Co. (NYSE:SCHW) by 18.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 24,539 shares of the financial services provider’s stock after selling 5,572 shares during the period. City Holding Co.’s holdings in Charles Schwab were worth $1,590,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCHW. Country Trust Bank acquired a new stake in Charles Schwab in the second quarter worth about $26,000. 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 worth $29,000 after buying an additional 192 shares during the period. American Capital Advisory LLC bought a new stake in shares of Charles Schwab during the second quarter worth approximately $27,000. CGC Financial Services LLC acquired a new position in Charles Schwab in the second quarter valued at approximately $29,000. Finally, Mizuho Securities Co. Ltd. bought a new position in Charles Schwab in the second quarter valued at approximately $29,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SCHW has been the subject of several recent research reports. Citigroup dropped their target price on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, September 27th. Wells Fargo & Company initiated coverage on Charles Schwab in a report on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 price objective for the company. Jefferies Financial Group reduced their target price on Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft upped their price target on Charles Schwab from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Finally, UBS Group reduced their price objective on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $72.25.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $64.89 on Wednesday. The company has a fifty day moving average price of $63.95 and a 200 day moving average price of $69.67. 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 $115.33 billion, a PE ratio of 27.15, a PEG ratio of 1.29 and a beta of 0.97. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. 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 prior year, the firm earned $0.75 earnings per share. Charles Schwab’s revenue for the quarter was up .7% compared to the same quarter last year. Research analysts predict that The Charles Schwab Co. will post 3.06 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm 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 was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.54%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Transactions at Charles Schwab

In other 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 value of $58,500.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at $1,355,175. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the sale, the director now owns 554,929 shares in the company, valued at $35,543,202.45. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan S. Beatty sold 780 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $75.00, for a total value of $58,500.00. Following the completion of the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,355,175. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,636 shares of company stock valued at $6,457,104 over the last 90 days. 6.60% of the stock is owned by corporate insiders.

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.