Angeles Investment Advisors LLC Has $533,000 Holdings in The Charles Schwab Co. (NYSE:SCHW)

Angeles Investment Advisors LLC lowered its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 11.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 7,230 shares of the financial services provider’s stock after selling 962 shares during the period. Angeles Investment Advisors LLC’s holdings in Charles Schwab were worth $533,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its holdings in Charles Schwab by 33.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after buying an additional 17,369,091 shares in the last quarter. Norges Bank bought a new stake in shares of Charles Schwab in the 4th quarter worth $950,192,000. Morningstar Investment Services LLC raised its holdings in shares of Charles Schwab by 98.0% in the fourth quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock valued at $326,284,000 after purchasing an additional 2,322,156 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Charles Schwab by 19.7% during the fourth quarter. Franklin Resources Inc. now owns 9,472,698 shares of the financial services provider’s stock valued at $651,722,000 after purchasing an additional 1,558,975 shares in the last quarter. Finally, Mondrian Investment Partners LTD boosted its holdings in Charles Schwab by 28,736.1% during the first quarter. Mondrian Investment Partners LTD now owns 1,485,637 shares of the financial services provider’s stock worth $107,471,000 after purchasing an additional 1,480,485 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Insider Transactions at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.10, for a total transaction of $802,032.00. Following the completion of the transaction, the director now directly owns 562,129 shares in the company, valued at $36,594,597.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.10, for a total value of $802,032.00. Following the sale, the director now directly owns 562,129 shares of the company’s stock, valued at $36,594,597.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 780 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $75.00, for a total transaction of $58,500.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,355,175. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,636 shares of company stock valued at $6,533,064. 6.60% of the stock is currently owned by company insiders.

Charles Schwab Stock Performance

Shares of SCHW opened at $62.12 on Monday. 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 stock has a market capitalization of $110.48 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The stock’s 50-day simple moving average is $65.33 and its 200 day simple moving average is $70.07.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share. Research analysts forecast that The Charles Schwab Co. will post 3.05 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.61%. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SCHW shares. Wells Fargo & Company initiated coverage on shares of Charles Schwab in a research note on Thursday. They issued an “equal weight” rating and a $70.00 price objective for the company. Piper Sandler lowered Charles Schwab from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $80.00 to $64.00 in a report on Monday, July 29th. UBS Group reduced their price objective on Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Barclays lowered their target price on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 17th. 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 equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and a consensus price target of $73.75.

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.