Stableford Capital II LLC Purchases 2,617 Shares of The Charles Schwab Co. (NYSE:SCHW)

Stableford Capital II LLC lifted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,737 shares of the financial services provider’s stock after buying an additional 2,617 shares during the period. Charles Schwab comprises 0.9% of Stableford Capital II LLC’s investment portfolio, making the stock its 27th largest position. Stableford Capital II LLC’s holdings in Charles Schwab were worth $2,419,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Trust Co. of Toledo NA OH bought a new position in shares of Charles Schwab during the first quarter valued at about $237,000. Rise Advisors LLC increased its stake in Charles Schwab by 4,025.0% in the 1st quarter. Rise Advisors LLC now owns 825 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 805 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in Charles Schwab by 18.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,621 shares of the financial services provider’s stock valued at $334,000 after purchasing an additional 716 shares during the last quarter. Collective Family Office LLC boosted its stake in shares of Charles Schwab by 29.3% during the first quarter. Collective Family Office LLC now owns 4,069 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 923 shares during the period. Finally, Clearview Wealth Advisors LLC bought a new position in shares of Charles Schwab in the first quarter worth approximately $344,000. Institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SCHW shares. TD Cowen reissued a “hold” rating and set a $71.00 price target (down previously from $88.00) on shares of Charles Schwab in a research report on Wednesday, July 17th. Bank of America dropped their target price on shares of Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a report on Wednesday, July 17th. UBS Group reduced their price target on Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Keefe, Bruyette & Woods increased their price objective on Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Wells Fargo & Company initiated coverage on Charles Schwab in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab currently has an average rating of “Hold” and an average price target of $72.65.

Insider Buying and Selling at Charles Schwab

In other news, insider Paul V. Woolway sold 1,150 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $65.20, for a total value of $74,980.00. Following the transaction, the insider now owns 61,887 shares in the company, valued at $4,035,032.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 67,386 shares of the business’s stock in a transaction dated 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 owns 60,619,371 shares of the company’s stock, valued at approximately $3,946,927,245.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul V. Woolway sold 1,150 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $65.20, for a total value of $74,980.00. Following the completion of the sale, the insider now owns 61,887 shares of the company’s stock, valued at approximately $4,035,032.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 98,856 shares of company stock worth $6,398,604 in the last three months. 6.60% of the stock is currently owned by company insiders.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $72.65 on Wednesday. The firm’s 50-day moving average price is $64.42 and its 200-day moving average price is $69.49. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The company has a market cap of $129.20 billion, a PE ratio of 29.92, a PEG ratio of 1.43 and a beta of 0.97. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 26.30% and a return on equity of 18.14%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $0.77 earnings per share. As a group, analysts anticipate that The Charles Schwab Co. will post 3.06 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a $0.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.00 annualized dividend and a yield of 1.38%. Charles Schwab’s payout ratio is 41.49%.

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.