Donald L. Hagan LLC Has $909,000 Holdings in The Charles Schwab Co. (NYSE:SCHW)

Donald L. Hagan LLC decreased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 41.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,330 shares of the financial services provider’s stock after selling 8,738 shares during the period. Donald L. Hagan LLC’s holdings in Charles Schwab were worth $909,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SCHW. Country Trust Bank acquired a new stake in Charles Schwab in the 2nd quarter valued at $26,000. Fortitude Family Office LLC increased its position in shares of Charles Schwab by 97.5% in the second 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. CGC Financial Services LLC bought a new stake in Charles Schwab during the second quarter worth about $29,000. Frazier Financial Advisors LLC acquired a new position in Charles Schwab during the fourth quarter valued at approximately $30,000. Finally, Wetzel Investment Advisors Inc. bought a new position in Charles Schwab in the fourth quarter valued at approximately $31,000. 84.38% of the stock is owned by institutional investors.

Charles Schwab Stock Performance

Charles Schwab stock traded up $0.32 during midday trading on Friday, hitting $65.55. The company’s stock had a trading volume of 5,335,188 shares, compared to its average volume of 10,657,670. The company has a 50-day moving average price of $69.14 and a two-hundred day moving average price of $70.02. 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 $116.58 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 1.23 and a beta of 0.99. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $0.75 EPS. As a group, sell-side analysts predict that The Charles Schwab Co. will post 3.06 earnings per share for the current year.

Charles Schwab Announces Dividend

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

Insider Activity at Charles Schwab

In other news, insider Bernard J. Clark sold 77,431 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the completion of the transaction, the insider now directly owns 121,666 shares in the company, valued at $8,630,986.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Charles Schwab news, insider Bernard J. Clark sold 8,164 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $75.00, for a total value of $612,300.00. Following the completion of the transaction, the insider now directly owns 121,666 shares in the company, valued at approximately $9,124,950. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Bernard J. Clark sold 77,431 shares of Charles Schwab stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the transaction, the insider now owns 121,666 shares in the company, valued at approximately $8,630,986.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 181,911 shares of company stock valued at $12,541,978. 6.60% of the stock is owned by insiders.

Analyst Ratings Changes

SCHW has been the subject of several analyst reports. UBS Group decreased their target price on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. JMP Securities decreased their price objective on shares of Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods raised shares of Charles Schwab from a “market perform” rating to an “outperform” rating and upped their target price for the company from $76.00 to $84.00 in a report on Monday, July 8th. StockNews.com cut Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $74.27.

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.