14,100 Shares in The Charles Schwab Co. (NYSE:SCHW) Acquired by AM Squared Ltd

AM Squared Ltd bought a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,100 shares of the financial services provider’s stock, valued at approximately $739,000. Charles Schwab accounts for about 0.6% of AM Squared Ltd’s portfolio, making the stock its 26th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCHW. Beacon Capital Management LLC bought a new stake in Charles Schwab during the 1st quarter worth approximately $25,000. Your Advocates Ltd. LLP bought a new position in shares of Charles Schwab in the 1st quarter worth $25,000. Carolina Wealth Advisors LLC increased its holdings in shares of Charles Schwab by 54.8% in the 1st quarter. Carolina Wealth Advisors LLC now owns 565 shares of the financial services provider’s stock worth $30,000 after buying an additional 200 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Charles Schwab in the 1st quarter worth $30,000. Finally, Rocky Mountain Advisers LLC increased its holdings in shares of Charles Schwab by 704.2% in the 1st quarter. Rocky Mountain Advisers LLC now owns 571 shares of the financial services provider’s stock worth $30,000 after buying an additional 500 shares during the last quarter. Institutional investors own 81.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SCHW. Argus increased their price target on shares of Charles Schwab from $70.00 to $81.00 in a report on Wednesday, July 19th. The Goldman Sachs Group increased their price target on shares of Charles Schwab from $71.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Wolfe Research cut their price objective on shares of Charles Schwab from $62.00 to $60.00 in a research note on Monday, June 26th. Bank of America upped their price objective on shares of Charles Schwab from $46.00 to $53.00 in a research note on Thursday, June 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charles Schwab from $70.00 to $74.00 in a research note on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $72.09.

Charles Schwab Trading Up 1.2 %

NYSE:SCHW opened at $60.52 on Wednesday. The company has a 50-day moving average price of $61.54 and a 200-day moving average price of $57.51. The Charles Schwab Co. has a 12 month low of $45.00 and a 12 month high of $86.63. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. The stock has a market cap of $107.13 billion, a price-to-earnings ratio of 17.64, a P/E/G ratio of 1.94 and a beta of 0.92.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. Charles Schwab had a net margin of 33.15% and a return on equity of 27.54%. The firm had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.61 billion. During the same period last year, the company posted $0.97 EPS. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. Equities analysts predict that The Charles Schwab Co. will post 3.27 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were given a $0.25 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.65%. Charles Schwab’s dividend payout ratio is 29.15%.

Insider Transactions at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $59.61, for a total value of $476,880.00. Following the completion of the sale, the general counsel now directly owns 8,014 shares of the company’s stock, valued at approximately $477,714.54. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, General Counsel Peter J. Morgan III sold 8,000 shares of the stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $59.61, for a total value of $476,880.00. Following the completion of the transaction, the general counsel now directly owns 8,014 shares in the company, valued at approximately $477,714.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 72,047 shares of the stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $66.66, for a total transaction of $4,802,653.02. Following the completion of the transaction, the chairman now owns 59,748,538 shares of the company’s stock, valued at $3,982,837,543.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 155,807 shares of company stock valued at $10,325,149. Company insiders own 6.60% of the company’s stock.

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. The company operates in two segments, Investor Services and Advisor Services.