The Charles Schwab Co. (NYSE:SCHW) Stake Raised by Alliance Wealth Advisors LLC

Alliance Wealth Advisors LLC lifted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,358 shares of the financial services provider’s stock after buying an additional 142 shares during the period. Alliance Wealth Advisors LLC’s holdings in Charles Schwab were worth $347,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SCHW. Country Trust Bank bought a new position in shares of Charles Schwab in the second quarter valued at approximately $26,000. Fortitude Family Office LLC boosted its stake in 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 purchasing an additional 192 shares in the last quarter. American Capital Advisory LLC acquired a new position in shares of Charles Schwab during the 2nd quarter valued at $27,000. CGC Financial Services LLC acquired a new position in shares of Charles Schwab during the 2nd quarter valued at $29,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in shares of Charles Schwab in the second quarter valued at $29,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the sale, the director now owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. This trade 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 the SEC website. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 67,386 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was 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 of the company’s stock, valued at $3,946,927,245.81. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,856 shares of company stock valued at $6,398,604. 6.60% of the stock is owned by insiders.

Charles Schwab Stock Up 0.2 %

Shares of Charles Schwab stock opened at $72.08 on Thursday. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49. The company has a market cap of $128.11 billion, a P/E ratio of 30.16, a P/E/G ratio of 1.43 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. The stock has a 50-day moving average price of $64.61 and a 200 day moving average price of $69.51.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. As a group, analysts expect that The Charles Schwab Co. will post 3.06 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Analyst Ratings Changes

A number of research analysts recently issued reports on SCHW shares. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday. Piper Sandler lifted their price objective on shares of Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday. Bank of America dropped their target price on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Cowen lifted their price target on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $73.59.

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.