Confluence Investment Management LLC Has $16.89 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Confluence Investment Management LLC increased its position in The Charles Schwab Co. (NYSE:SCHWGet Rating) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 267,335 shares of the financial services provider’s stock after buying an additional 4,777 shares during the period. Confluence Investment Management LLC’s holdings in Charles Schwab were worth $16,890,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Albion Financial Group UT lifted its position in shares of Charles Schwab by 1.6% during the 4th quarter. Albion Financial Group UT now owns 7,932 shares of the financial services provider’s stock worth $667,000 after buying an additional 122 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of Charles Schwab by 18.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 810 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 124 shares during the period. Bell Investment Advisors Inc raised its holdings in shares of Charles Schwab by 15.0% in the 4th quarter. Bell Investment Advisors Inc now owns 965 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 126 shares during the period. Lake Street Advisors Group LLC raised its holdings in shares of Charles Schwab by 1.0% in the 4th quarter. Lake Street Advisors Group LLC now owns 13,031 shares of the financial services provider’s stock worth $1,096,000 after purchasing an additional 133 shares during the period. Finally, Relyea Zuckerberg Hanson LLC raised its holdings in shares of Charles Schwab by 3.0% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 4,576 shares of the financial services provider’s stock worth $384,000 after purchasing an additional 133 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of research reports. Barclays initiated coverage on shares of Charles Schwab in a report on Wednesday, August 31st. They issued an “equal weight” rating and a $81.00 price target on the stock. Redburn Partners initiated coverage on shares of Charles Schwab in a research note on Thursday, June 23rd. They issued a “neutral” rating for the company. UBS Group lifted their price objective on shares of Charles Schwab from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Charles Schwab from $90.00 to $95.00 in a research note on Friday, August 19th. Finally, Morgan Stanley reduced their price target on shares of Charles Schwab from $98.00 to $93.00 and set an “overweight” rating for the company in a research report on Monday, August 1st. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Charles Schwab presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.15.

Charles Schwab Stock Down 1.0 %

Shares of NYSE:SCHW opened at $71.87 on Monday. The Charles Schwab Co. has a 52-week low of $59.35 and a 52-week high of $96.24. The firm has a fifty day moving average of $69.42 and a 200 day moving average of $71.53. The firm has a market capitalization of $130.64 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 0.90 and a beta of 1.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.41 and a current ratio of 0.41.

Charles Schwab (NYSE:SCHWGet Rating) last announced its earnings results on Monday, July 18th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.06. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.04 billion. Charles Schwab had a net margin of 33.09% and a return on equity of 16.82%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 earnings per share. As a group, research analysts anticipate that The Charles Schwab Co. will post 3.9 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 1.22%. Charles Schwab’s payout ratio is currently 28.95%.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan M. Craig sold 8,032 shares of the business’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $75.00, for a total value of $602,400.00. Following the completion of the sale, the insider now directly owns 4,019 shares of the company’s stock, valued at $301,425. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jonathan M. Craig sold 8,032 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $75.00, for a total transaction of $602,400.00. Following the completion of the transaction, the insider now directly owns 4,019 shares of the company’s stock, valued at $301,425. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 149,600 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $65.36, for a total transaction of $9,777,856.00. Following the transaction, the chairman now directly owns 69,749,230 shares of the company’s stock, valued at $4,558,809,672.80. The disclosure for this sale can be found here. Insiders sold 277,632 shares of company stock valued at $17,904,256 over the last three months. Insiders own 7.50% of the company’s stock.

Charles Schwab Profile

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The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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