Avalon Trust Co Has $639,000 Position in The Charles Schwab Corporation $SCHW

Avalon Trust Co lowered its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 15.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,000 shares of the financial services provider’s stock after selling 1,320 shares during the period. Avalon Trust Co’s holdings in Charles Schwab were worth $639,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its stake in Charles Schwab by 380.5% during the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after acquiring an additional 19,195 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Charles Schwab by 4.3% during the first quarter. Bleakley Financial Group LLC now owns 26,426 shares of the financial services provider’s stock worth $2,069,000 after purchasing an additional 1,082 shares during the period. Sigma Planning Corp grew its position in Charles Schwab by 58.1% during the first quarter. Sigma Planning Corp now owns 13,516 shares of the financial services provider’s stock valued at $1,058,000 after purchasing an additional 4,965 shares in the last quarter. Apollon Wealth Management LLC increased its stake in Charles Schwab by 5.6% in the 1st quarter. Apollon Wealth Management LLC now owns 37,719 shares of the financial services provider’s stock valued at $2,953,000 after buying an additional 1,985 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Charles Schwab in the 1st quarter valued at approximately $331,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity

In other news, General Counsel Peter J. Morgan III sold 50,016 shares of Charles Schwab stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $97.00, for a total value of $4,851,552.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 3,205 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $93.33, for a total value of $299,122.65. Following the transaction, the insider directly owned 34,778 shares of the company’s stock, valued at $3,245,830.74. This represents a 8.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 65,866 shares of company stock valued at $6,370,897. 6.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SCHW shares. Citigroup boosted their price target on shares of Charles Schwab from $105.00 to $110.00 and gave the company a “buy” rating in a report on Monday, July 21st. JMP Securities reissued a “market outperform” rating and set a $110.00 price objective on shares of Charles Schwab in a research report on Friday, October 17th. Keefe, Bruyette & Woods upped their target price on Charles Schwab from $109.00 to $111.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Charles Schwab in a research note on Wednesday, October 8th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $99.00 price target on shares of Charles Schwab in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $106.45.

Charles Schwab Trading Up 1.7%

Shares of SCHW stock opened at $97.71 on Thursday. The Charles Schwab Corporation has a 12 month low of $65.88 and a 12 month high of $99.59. The company has a market cap of $173.63 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 0.85 and a beta of 1.02. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $94.06 and its two-hundred day moving average is $92.23.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.06. Charles Schwab had a net margin of 35.93% and a return on equity of 21.26%. The business had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $5.93 billion. During the same period in the prior year, the firm earned $0.71 EPS. Charles Schwab’s quarterly revenue was up 26.6% compared to the same quarter last year. Equities analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab announced that its Board of Directors has approved a share buyback program on Thursday, July 24th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 11.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, November 14th. Charles Schwab’s dividend payout ratio is 25.29%.

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.