Dynamic Advisor Solutions LLC Reduces Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Dynamic Advisor Solutions LLC reduced its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,777 shares of the financial services provider’s stock after selling 1,322 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Charles Schwab were worth $1,023,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SCHW. Country Trust Bank acquired a new position in Charles Schwab in the second quarter valued at approximately $26,000. American Capital Advisory LLC purchased a new stake in Charles Schwab in the second quarter valued at $27,000. Fortitude Family Office LLC grew its holdings 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 purchasing an additional 192 shares during the period. CGC Financial Services LLC acquired a new stake in shares of Charles Schwab during the 2nd quarter worth about $29,000. Finally, Mizuho Securities Co. Ltd. purchased a new stake in Charles Schwab in the 2nd quarter valued at about $29,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SCHW shares. Barclays lowered their target price on shares of Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Charles Schwab from $79.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, August 15th. JMP Securities decreased their price target on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating on the stock in a research note on Tuesday, July 23rd. Wells Fargo & Company began coverage on shares of Charles Schwab in a report on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 price objective for the company. Finally, UBS Group cut their target price 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 research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $72.25.

Charles Schwab Trading Down 0.1 %

SCHW opened at $66.65 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49. The company has a market cap of $118.53 billion, a P/E ratio of 27.89, a PEG ratio of 1.39 and a beta of 0.97. The business’s 50-day simple moving average is $63.98 and its 200-day simple moving average is $69.60.

Charles Schwab (NYSE:SCHW) last announced its quarterly 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. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. As a group, equities research analysts expect that The Charles Schwab Co. will post 3.06 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.50%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Buying and Selling at Charles Schwab

In other news, President Richard A. Wurster bought 10,000 shares of Charles Schwab stock in a transaction dated Wednesday, July 17th. The stock was acquired at an average cost of $62.05 per share, with a total value of $620,500.00. Following the acquisition, the president now owns 144,228 shares of the company’s stock, valued at approximately $8,949,347.40. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other Charles Schwab news, President Richard A. Wurster purchased 10,000 shares of Charles Schwab stock in a transaction that occurred on Wednesday, July 17th. The stock was purchased at an average price of $62.05 per share, for a total transaction of $620,500.00. Following the transaction, the president now directly owns 144,228 shares in the company, valued at $8,949,347.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Walter W. Bettinger acquired 25,000 shares of the stock in a transaction on Wednesday, July 17th. The shares were acquired 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 directly owns 827,377 shares in the company, valued at $54,822,000.02. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 98,856 shares of company stock worth $6,398,604 over the last 90 days. Corporate 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.