Sheaff Brock Investment Advisors LLC Purchases 460 Shares of The Charles Schwab Co. (NYSE:SCHW)

Sheaff Brock Investment Advisors LLC increased its position in The Charles Schwab Co. (NYSE:SCHW) by 6.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,857 shares of the financial services provider’s stock after purchasing an additional 460 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Charles Schwab were worth $509,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Kingsview Wealth Management LLC lifted its stake in Charles Schwab by 26.3% during the 1st quarter. Kingsview Wealth Management LLC now owns 6,245 shares of the financial services provider’s stock valued at $452,000 after acquiring an additional 1,302 shares during the period. M&G Plc bought a new position in Charles Schwab during the 1st quarter valued at about $11,452,000. Pinnacle Wealth Planning Services Inc. lifted its stake in Charles Schwab by 4.4% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,983 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 211 shares during the period. Allstate Corp lifted its stake in Charles Schwab by 5.0% during the 1st quarter. Allstate Corp now owns 4,521 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 214 shares during the period. Finally, Patten & Patten Inc. TN lifted its stake in Charles Schwab by 9.8% during the 1st quarter. Patten & Patten Inc. TN now owns 40,270 shares of the financial services provider’s stock valued at $2,913,000 after acquiring an additional 3,610 shares during the period. Institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the transaction, the director now owns 554,929 shares in the company, valued at $35,543,202.45. The trade was a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,645 shares of company stock worth $7,440,627. 6.60% of the stock is currently owned by insiders.

Charles Schwab Stock Up 0.6 %

Shares of SCHW opened at $80.64 on Friday. The Charles Schwab Co. has a 52-week low of $55.09 and a 52-week high of $82.50. The company has a market cap of $143.51 billion, a PE ratio of 31.50, a P/E/G ratio of 1.71 and a beta of 0.96. The business has a fifty day moving average of $68.74 and a 200 day moving average of $69.66. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the company earned $0.77 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, sell-side analysts expect that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.24%. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SCHW. Raymond James lowered their target price on shares of Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. JPMorgan Chase & Co. upped their price target on shares of Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods upped their price target on shares of Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Bank of America reduced their target price on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a report on Wednesday, October 16th. Finally, Citigroup reduced their target price on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Charles Schwab presently has an average rating of “Hold” and a consensus price target of $74.18.

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.