WoodTrust Financial Corp Has $1.07 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

WoodTrust Financial Corp cut its holdings in The Charles Schwab Co. (NYSE:SCHW) by 47.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,472 shares of the financial services provider’s stock after selling 15,145 shares during the quarter. WoodTrust Financial Corp’s holdings in Charles Schwab were worth $1,068,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Country Trust Bank acquired a new stake in Charles Schwab in the second quarter valued at about $26,000. American Capital Advisory LLC acquired a new stake in Charles Schwab in the second quarter valued at about $27,000. Fortitude Family Office LLC boosted its stake in 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 buying an additional 192 shares in the last quarter. CGC Financial Services LLC acquired a new stake in Charles Schwab in the second quarter valued at about $29,000. Finally, Mizuho Securities Co. Ltd. bought a new position in Charles Schwab in the second quarter valued at about $29,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SCHW has been the subject of several research reports. JMP Securities increased 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. Morgan Stanley increased their target price on Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. The Goldman Sachs Group increased 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. Bank of America dropped their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research report on Wednesday, October 16th. Finally, TD Cowen restated a “hold” rating and set a $71.00 price objective (down from $88.00) on shares of Charles Schwab in a research report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.94.

Charles Schwab Trading Up 6.2 %

Shares of SCHW stock opened at $75.74 on Thursday. The company has a market cap of $134.69 billion, a P/E ratio of 29.58, a PEG ratio of 1.63 and a beta of 0.96. The stock has a 50 day simple moving average of $66.90 and a two-hundred day simple moving average of $69.49. 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 fifty-two week low of $53.49 and a fifty-two week high of $79.49.

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

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred 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 transaction, the director now owns 554,929 shares of the company’s stock, valued at $35,543,202.45. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Charles R. Schwab sold 62,345 shares of Charles Schwab stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total value of $4,521,259.40. Following the transaction, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,465 shares of company stock valued at $8,050,109. Company insiders own 6.60% of the company’s stock.

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.