Patriot Financial Group Insurance Agency LLC Has $2.83 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Patriot Financial Group Insurance Agency LLC grew its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,683 shares of the financial services provider’s stock after acquiring an additional 417 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Charles Schwab were worth $2,831,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Charles Schwab by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 120,963,133 shares of the financial services provider’s stock worth $8,750,473,000 after purchasing an additional 1,042,823 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Charles Schwab by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider’s stock worth $5,230,657,000 after acquiring an additional 2,946,327 shares during the period. Legal & General Group Plc boosted its stake in Charles Schwab by 2.1% in the second quarter. Legal & General Group Plc now owns 10,886,058 shares of the financial services provider’s stock valued at $802,193,000 after acquiring an additional 225,397 shares during the last quarter. Allen Investment Management LLC grew its position in shares of Charles Schwab by 3.0% during the 2nd quarter. Allen Investment Management LLC now owns 8,712,364 shares of the financial services provider’s stock valued at $642,014,000 after acquiring an additional 251,485 shares during the period. Finally, Lazard Asset Management LLC increased its stake in shares of Charles Schwab by 8.9% during the 1st quarter. Lazard Asset Management LLC now owns 7,305,050 shares of the financial services provider’s stock worth $528,445,000 after purchasing an additional 596,589 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Charles Schwab from $77.00 to $76.00 in a research note on Tuesday, October 15th. JMP Securities upped their price target on Charles Schwab from $82.00 to $84.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 16th. Cowen lifted their price objective on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Citigroup dropped their price objective on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, September 27th. Finally, Piper Sandler lifted their target price on shares of Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Charles Schwab presently has an average rating of “Hold” and an average target price of $73.94.

Charles Schwab Price Performance

NYSE:SCHW traded up $0.25 during trading hours on Monday, hitting $72.07. The stock had a trading volume of 953,723 shares, compared to its average volume of 8,026,894. The company has a 50 day simple moving average of $65.73 and a two-hundred day simple moving average of $69.48. The firm has a market capitalization of $128.17 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 1.65 and a beta of 0.97. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42. The Charles Schwab Co. has a one year low of $49.71 and a one year high of $79.49.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the company earned $0.77 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. Research analysts forecast that The Charles Schwab Co. will post 3.11 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be 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 is Friday, November 8th. Charles Schwab’s payout ratio is 39.06%.

Insider Buying and Selling

In other news, insider Paul V. Woolway sold 1,150 shares of the stock in a transaction 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 of the company’s stock, valued at $4,035,032.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now directly 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul V. Woolway sold 1,150 shares of the company’s stock in a transaction that occurred on 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 directly owns 61,887 shares of the company’s stock, valued at approximately $4,035,032.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 182,001 shares of company stock worth $12,512,592. 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.