Claro Advisors LLC Purchases 303 Shares of The Charles Schwab Co. (NYSE:SCHW)

Claro Advisors LLC lifted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 5.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,476 shares of the financial services provider’s stock after acquiring an additional 303 shares during the period. Claro Advisors LLC’s holdings in Charles Schwab were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. M&G Plc acquired a new position in Charles Schwab in the first quarter valued at approximately $11,452,000. Teewinot Capital Advisers L.L.C. boosted its stake in Charles Schwab by 9.0% during the second quarter. Teewinot Capital Advisers L.L.C. now owns 775,161 shares of the financial services provider’s stock worth $57,122,000 after acquiring an additional 64,041 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Charles Schwab by 10.4% in the first quarter. Daiwa Securities Group Inc. now owns 190,597 shares of the financial services provider’s stock worth $13,788,000 after purchasing an additional 17,925 shares during the period. Iowa State Bank increased its stake in Charles Schwab by 37.9% in the third quarter. Iowa State Bank now owns 28,476 shares of the financial services provider’s stock valued at $1,846,000 after purchasing an additional 7,829 shares in the last quarter. Finally, Dudley & Shanley Inc. acquired a new position in shares of Charles Schwab during the first quarter valued at about $13,650,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on SCHW shares. Deutsche Bank Aktiengesellschaft decreased their target price on Charles Schwab from $77.00 to $76.00 in a research report on Tuesday, October 15th. TD Cowen restated a “hold” rating and set a $71.00 price objective (down previously from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Citigroup cut their target price on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, September 27th. Raymond James decreased their price target on shares of Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Finally, Bank of America dropped their price objective on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and a consensus target price of $73.59.

Insider Transactions at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.10, for a total value of $802,032.00. Following the transaction, the director now owns 562,129 shares in the company, valued at approximately $36,594,597.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.10, for a total transaction of $802,032.00. Following the completion of the transaction, the director now owns 562,129 shares in the company, valued at $36,594,597.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Charles R. Schwab sold 67,386 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the completion of the sale, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $3,946,927,245.81. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 182,001 shares of company stock worth $12,512,592 in the last quarter. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW opened at $71.36 on Friday. The stock has a 50 day moving average of $64.97 and a 200 day moving average of $69.51. The company has a market capitalization of $126.91 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 1.47 and a beta of 0.97. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49. 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 released its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS. As a group, sell-side analysts forecast that The Charles Schwab Co. will post 3.06 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Friday, August 9th. Charles Schwab’s payout ratio is 41.49%.

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.