Fidelis Capital Partners LLC Decreases Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Fidelis Capital Partners LLC trimmed its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 8.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,837 shares of the financial services provider’s stock after selling 506 shares during the period. Fidelis Capital Partners LLC’s holdings in Charles Schwab were worth $419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of SCHW. Norden Group LLC purchased a new stake in shares of Charles Schwab during the 1st quarter worth approximately $1,256,000. First Trust Direct Indexing L.P. increased its position in shares of Charles Schwab by 12.0% during the 1st quarter. First Trust Direct Indexing L.P. now owns 33,794 shares of the financial services provider’s stock valued at $2,445,000 after purchasing an additional 3,614 shares during the last quarter. Tempus Wealth Planning LLC increased its position in shares of Charles Schwab by 35.5% during the 1st quarter. Tempus Wealth Planning LLC now owns 4,703 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 1,231 shares during the last quarter. Marshall Financial Group LLC increased its position in shares of Charles Schwab by 15.3% during the 1st quarter. Marshall Financial Group LLC now owns 3,772 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 500 shares during the last quarter. Finally, Maryland State Retirement & Pension System increased its position in shares of Charles Schwab by 0.9% during the 1st quarter. Maryland State Retirement & Pension System now owns 116,372 shares of the financial services provider’s stock valued at $8,425,000 after purchasing an additional 986 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Price Performance

SCHW opened at $71.10 on Thursday. The Charles Schwab Co. has a 12-month low of $50.30 and a 12-month high of $79.49. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The business’s fifty day simple moving average is $66.13 and its 200-day simple moving average is $69.52. The company has a market capitalization of $126.36 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 1.65 and a beta of 0.97.

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

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the sale, the director now directly owns 554,929 shares in the company, valued at $35,543,202.45. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the sale, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the completion of the sale, the director now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,465 shares of company stock worth $8,050,109 in the last three months. 6.60% of the stock is owned by insiders.

Analysts Set New Price Targets

SCHW has been the topic of several analyst reports. JMP Securities boosted their target price 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. The Goldman Sachs Group boosted their target price on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their target price on Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. TD Cowen reaffirmed a “hold” rating and issued a $71.00 price objective (down previously from $88.00) on shares of Charles Schwab in a research report on Wednesday, July 17th. Finally, Wells Fargo & Company upped their price objective on Charles Schwab from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $73.94.

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.