The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC boosted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 72.0% during the third quarter, Holdings Channel.com reports. The fund owned 9,100 shares of the financial services provider’s stock after acquiring an additional 3,808 shares during the period. Icon Wealth Advisors LLC’s holdings in Charles Schwab were worth $590,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Natixis acquired a new position in shares of Charles Schwab during the 1st quarter worth approximately $523,000. Gabelli Funds LLC lifted its position in shares of Charles Schwab by 5.8% in the first quarter. Gabelli Funds LLC now owns 52,350 shares of the financial services provider’s stock valued at $3,787,000 after acquiring an additional 2,850 shares in the last quarter. BOKF NA boosted its stake in shares of Charles Schwab by 33.9% during the first quarter. BOKF NA now owns 20,069 shares of the financial services provider’s stock valued at $1,452,000 after acquiring an additional 5,078 shares during the last quarter. Mount Yale Investment Advisors LLC increased its position in Charles Schwab by 8.1% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 31,797 shares of the financial services provider’s stock worth $2,300,000 after purchasing an additional 2,389 shares in the last quarter. Finally, Bayesian Capital Management LP raised its stake in Charles Schwab by 286.6% in the 1st quarter. Bayesian Capital Management LP now owns 75,000 shares of the financial services provider’s stock valued at $5,426,000 after purchasing an additional 55,600 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now owns 442,807 shares in the company, valued at $36,057,774.01. The trade was a 2.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the firm’s 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 sale, the insider now owns 18,069 shares of the company’s stock, valued at $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 112,929 shares of company stock worth $8,196,624 in the last 90 days. 6.60% of the stock is owned by company insiders.

Charles Schwab Price Performance

SCHW opened at $81.26 on Friday. The company has a 50 day moving average of $70.55 and a two-hundred day moving average of $69.81. The Charles Schwab Co. has a 52-week low of $55.59 and a 52-week high of $82.50. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market cap of $144.62 billion, a P/E ratio of 31.74, a P/E/G ratio of 1.75 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results 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. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. On average, analysts expect that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.23%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Analyst Upgrades and Downgrades

SCHW has been the topic of several analyst reports. Bank of America decreased their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 16th. Raymond James cut their price target on Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Cowen increased their price target on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. JMP Securities lifted their price objective 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. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. 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 has an average rating of “Hold” and an average target price 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.