Ferguson Wellman Capital Management Inc. Raises Stake in The Charles Schwab Co. (NYSE:SCHW)

Ferguson Wellman Capital Management Inc. increased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 69.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,810 shares of the financial services provider’s stock after acquiring an additional 3,196 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Charles Schwab were worth $576,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Country Trust Bank bought a new stake in shares of Charles Schwab in the second quarter worth approximately $26,000. Fortitude Family Office LLC raised 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 buying an additional 192 shares during the last quarter. Tributary Capital Management LLC bought a new position in shares of Charles Schwab during the 1st quarter valued at $31,000. Frazier Financial Advisors LLC purchased a new position in shares of Charles Schwab in the 4th quarter worth $30,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of Charles Schwab in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

SCHW has been the subject of several research reports. UBS Group reduced their price target on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. JMP Securities reduced their target price on shares of Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Charles Schwab from $84.00 to $79.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Morgan Stanley lowered their price objective on Charles Schwab from $73.00 to $71.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 11th. Finally, TD Cowen reiterated a “hold” rating and issued a $71.00 price target (down previously from $88.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and an average price target of $74.27.

Charles Schwab Stock Up 4.8 %

SCHW stock traded up $2.98 during trading on Wednesday, hitting $65.47. 11,118,379 shares of the company’s stock traded hands, compared to its average volume of 8,005,937. The business has a fifty day simple moving average of $69.67 and a two-hundred day simple moving average of $69.99. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $116.43 billion, a P/E ratio of 26.15, a PEG ratio of 1.18 and a beta of 0.99. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49.

Charles Schwab (NYSE:SCHW) last posted its earnings results 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. The company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Sell-side analysts anticipate that The Charles Schwab Co. will post 3.06 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.53%. The ex-dividend date is Friday, August 9th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insiders Place Their Bets

In related news, Chairman Charles R. Schwab sold 67,386 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total value of $4,387,502.46. Following the completion of the transaction, the chairman now owns 60,619,371 shares in the company, valued at approximately $3,946,927,245.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Walter W. Bettinger purchased 25,000 shares of Charles Schwab stock in a transaction that occurred on Wednesday, July 17th. The stock was bought at an average cost of $66.26 per share, for a total transaction of $1,656,500.00. Following the completion of the transaction, the chief executive officer now owns 827,377 shares in the company, valued at $54,822,000.02. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 67,386 shares of the company’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 value of $4,387,502.46. Following the completion of the sale, the chairman now owns 60,619,371 shares in the company, valued at approximately $3,946,927,245.81. The disclosure for this sale can be found here. In the last quarter, insiders have sold 181,911 shares of company stock valued at $12,541,978. Insiders own 6.60% of the company’s stock.

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.