Kampmann Melissa S. Purchases 4,160 Shares of The Charles Schwab Co. (NYSE:SCHW)

Kampmann Melissa S. raised its position in The Charles Schwab Co. (NYSE:SCHW) by 10.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,825 shares of the financial services provider’s stock after purchasing an additional 4,160 shares during the quarter. Charles Schwab accounts for approximately 2.3% of Kampmann Melissa S.’s holdings, making the stock its 22nd biggest holding. Kampmann Melissa S.’s holdings in Charles Schwab were worth $3,156,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SCHW. Nelson Capital Management LLC boosted its holdings in Charles Schwab by 0.4% during the 1st quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider’s stock valued at $2,729,000 after acquiring an additional 141 shares during the period. Abbrea Capital LLC lifted its holdings in shares of Charles Schwab by 2.5% in the 1st quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider’s stock worth $418,000 after buying an additional 142 shares during the period. Ironwood Financial llc increased its stake in shares of Charles Schwab by 1.6% during the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after buying an additional 160 shares during the period. Ascent Wealth Partners LLC raised its holdings in shares of 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 acquiring an additional 164 shares in the last quarter. Finally, Sutton Place Investors LLC lifted its stake in Charles Schwab by 2.1% in the second quarter. Sutton Place Investors LLC now owns 8,086 shares of the financial services provider’s stock worth $596,000 after acquiring an additional 167 shares during the period. Institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

SCHW has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. JMP Securities dropped their target price on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating on the stock in a research report on Tuesday, July 23rd. Morgan Stanley reduced 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 from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Finally, UBS Group decreased their price objective on Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and a consensus target price of $73.31.

Insider Buying and Selling

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the sale, the director now owns 554,929 shares in the company, valued at approximately $35,543,202.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, President Richard A. Wurster purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was bought at an average price of $62.05 per share, with a total value of $620,500.00. Following the acquisition, the president now owns 144,228 shares in the company, valued at $8,949,347.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now directly owns 554,929 shares in the company, valued at $35,543,202.45. The disclosure for this sale can be found here. Insiders have sold a total of 99,636 shares of company stock valued at $6,457,104 over the last ninety days. Company insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $64.42 on Monday. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The company has a market cap of $114.57 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 1.21 and a beta of 0.97. The company’s 50 day moving average is $64.10 and its 200 day moving average is $69.86.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share 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 analyst estimates of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 earnings per share. On average, sell-side analysts forecast that The Charles Schwab Co. will post 3.05 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.25 dividend. 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 1.55%. Charles Schwab’s payout ratio is 41.84%.

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.