Professional Financial Advisors LLC Raises Position in The Charles Schwab Co. (NYSE:SCHW)

Professional Financial Advisors LLC grew its position in The Charles Schwab Co. (NYSE:SCHW) by 1.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 19,063 shares of the financial services provider’s stock after buying an additional 363 shares during the period. Professional Financial Advisors LLC’s holdings in Charles Schwab were worth $1,405,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. International Assets Investment Management LLC grew its stake in shares of Charles Schwab by 5.9% in the fourth quarter. International Assets Investment Management LLC now owns 10,994 shares of the financial services provider’s stock worth $756,000 after acquiring an additional 612 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in shares of Charles Schwab in the fourth quarter worth approximately $191,000. Vontobel Holding Ltd. grew its stake in shares of Charles Schwab by 3.4% in the fourth quarter. Vontobel Holding Ltd. now owns 100,023 shares of the financial services provider’s stock worth $6,882,000 after acquiring an additional 3,294 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Charles Schwab in the fourth quarter worth approximately $202,000. Finally, Mackenzie Financial Corp grew its stake in shares of Charles Schwab by 0.4% in the fourth quarter. Mackenzie Financial Corp now owns 499,900 shares of the financial services provider’s stock worth $34,393,000 after acquiring an additional 2,079 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Price Performance

Shares of SCHW traded up $0.31 during mid-day trading on Friday, reaching $65.54. The stock had a trading volume of 5,335,047 shares, compared to its average volume of 8,024,689. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49. The business has a fifty day moving average of $69.14 and a 200 day moving average of $69.93. 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 firm has a market cap of $116.56 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 1.18 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts predict that The Charles Schwab Co. will post 3.06 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Transactions at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the transaction, the director now owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Bernard J. Clark sold 77,431 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the sale, the insider now owns 121,666 shares of the company’s stock, valued at $8,630,986.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00. Following the sale, the director now directly owns 574,257 shares in the company, valued at approximately $45,027,491.37. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 181,911 shares of company stock valued at $12,541,978. 6.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. TD Cowen reiterated a “hold” rating and issued a $71.00 price target (down from $88.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. UBS Group cut their target price on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charles Schwab from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley cut their target price on shares of Charles Schwab from $71.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, StockNews.com lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and an average target price of $74.27.

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.