Hantz Financial Services Inc. Buys Shares of 876 The Charles Schwab Co. (NYSE:SCHW)

Hantz Financial Services Inc. purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 876 shares of the financial services provider’s stock, valued at approximately $65,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wolf Group Capital Advisors bought a new position in Charles Schwab during the 2nd quarter worth $1,023,000. Moloney Securities Asset Management LLC bought a new stake in Charles Schwab in the second quarter valued at approximately $221,000. Forum Financial Management LP increased its position in Charles Schwab by 1.5% during the 2nd quarter. Forum Financial Management LP now owns 17,448 shares of the financial services provider’s stock valued at $1,286,000 after purchasing an additional 257 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Charles Schwab by 2.3% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 166,876 shares of the financial services provider’s stock worth $12,297,000 after purchasing an additional 3,828 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in shares of Charles Schwab by 19.9% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,848,103 shares of the financial services provider’s stock worth $136,187,000 after purchasing an additional 306,431 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

SCHW stock opened at $65.10 on Tuesday. The company has a market capitalization of $115.78 billion, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 1.22 and a beta of 0.99. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The business has a 50-day simple moving average of $67.22 and a two-hundred day simple moving average of $70.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42.

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 the consensus estimate of $0.72 by $0.01. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. Charles Schwab’s revenue was up .7% compared to the same quarter last year. Research analysts expect that The Charles Schwab Co. will post 3.05 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Friday, August 9th. Charles Schwab’s payout ratio is currently 41.84%.

Insider Buying and Selling

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.10, for a total value of $802,032.00. Following the completion of the sale, the director now owns 562,129 shares in the company, valued at approximately $36,594,597.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Walter W. Bettinger purchased 25,000 shares of Charles Schwab stock in a transaction that occurred on Wednesday, July 17th. The stock was bought at an average price of $66.26 per share, for a total transaction of $1,656,500.00. Following the completion of the transaction, the chief executive officer now owns 827,377 shares in the company, valued at $54,822,000.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Carolyn Schwab-Pomerantz sold 12,320 shares of Charles Schwab 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 sale, the director now directly owns 562,129 shares in the company, valued at approximately $36,594,597.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 107,800 shares of company stock worth $7,145,364. 6.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SCHW shares. Barclays decreased their price objective on shares of Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft increased their price target on Charles Schwab from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $80.00 target price on shares of Charles Schwab in a research report on Thursday, August 22nd. Piper Sandler downgraded Charles Schwab from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $80.00 to $64.00 in a report on Monday, July 29th. Finally, UBS Group dropped their price target on Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $74.00.

About Charles Schwab

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.