The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC lessened its position in The Charles Schwab Co. (NYSE:SCHW) by 70.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 8,887 shares of the financial services provider’s stock after selling 20,694 shares during the period. Aptus Capital Advisors LLC’s holdings in Charles Schwab were worth $655,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Semus Wealth Partners LLC raised its position in Charles Schwab by 10.1% in the second quarter. Semus Wealth Partners LLC now owns 3,724 shares of the financial services provider’s stock worth $274,000 after acquiring an additional 341 shares in the last quarter. Ascent Wealth Partners LLC increased its holdings in Charles Schwab by 0.7% in the second quarter. Ascent Wealth Partners LLC now owns 23,361 shares of the financial services provider’s stock valued at $1,721,000 after buying an additional 164 shares in the last quarter. Biechele Royce Advisors lifted its position in shares of Charles Schwab by 10.7% during the 2nd quarter. Biechele Royce Advisors now owns 191,470 shares of the financial services provider’s stock valued at $14,109,000 after acquiring an additional 18,467 shares during the period. Spire Wealth Management grew its holdings in shares of Charles Schwab by 374.6% in the 2nd quarter. Spire Wealth Management now owns 90,141 shares of the financial services provider’s stock worth $6,630,000 after acquiring an additional 71,147 shares during the period. Finally, Sage Mountain Advisors LLC increased its stake in Charles Schwab by 22.7% in the 2nd quarter. Sage Mountain Advisors LLC now owns 6,378 shares of the financial services provider’s stock valued at $470,000 after purchasing an additional 1,178 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of NYSE:SCHW opened at $65.10 on Tuesday. The business has a 50-day moving average of $67.22 and a two-hundred day moving average of $70.15. The firm has a market capitalization of $115.78 billion, a PE ratio of 27.24, a P/E/G ratio of 1.22 and a beta of 0.99. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49.

Charles Schwab (NYSE:SCHW) last posted its 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 during 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 was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. As a group, research analysts forecast that The Charles Schwab Co. will post 3.05 earnings per share for the current year.

Charles Schwab Announces Dividend

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

Insider Buying and Selling

In other news, insider Bernard J. Clark sold 8,164 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $75.00, for a total value of $612,300.00. Following the completion of the sale, the insider now owns 121,666 shares of the company’s stock, valued at $9,124,950. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, President Richard A. Wurster acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was bought at an average cost of $62.05 per share, with a total value of $620,500.00. Following the transaction, the president now directly owns 144,228 shares in the company, valued at approximately $8,949,347.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bernard J. Clark sold 8,164 shares of Charles Schwab stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $75.00, for a total value of $612,300.00. Following the sale, the insider now directly owns 121,666 shares in the company, valued at $9,124,950. The disclosure for this sale can be found here. In the last three months, insiders sold 107,800 shares of company stock valued at $7,145,364. Company insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Jefferies Financial Group upped their target price on Charles Schwab from $85.00 to $88.00 and gave the company a “buy” rating in a report on Monday, July 8th. Morgan Stanley dropped 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 report on Friday, August 16th. TD Cowen reaffirmed a “hold” rating and issued a $71.00 price target (down previously from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. UBS Group dropped their price objective on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Finally, JPMorgan Chase & Co. reduced their target price on Charles Schwab from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Three 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $74.00.

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.