Country Club Bank Sells 17,038 Shares of The Charles Schwab Corporation $SCHW

Country Club Bank lowered its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 16.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 88,714 shares of the financial services provider’s stock after selling 17,038 shares during the quarter. Country Club Bank’s holdings in Charles Schwab were worth $8,595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Federated Hermes Inc. increased its position in Charles Schwab by 2,112.7% in the second quarter. Federated Hermes Inc. now owns 181,793 shares of the financial services provider’s stock worth $16,587,000 after purchasing an additional 173,577 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Charles Schwab by 26.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 190,538 shares of the financial services provider’s stock valued at $17,387,000 after purchasing an additional 40,275 shares during the last quarter. Bain Capital Public Equity Management II LLC bought a new position in shares of Charles Schwab in the 1st quarter valued at about $79,605,000. Figure 8 Investment Strategies LLC acquired a new stake in shares of Charles Schwab during the 2nd quarter worth approximately $924,000. Finally, PFG Investments LLC grew its position in shares of Charles Schwab by 10.2% during the 2nd quarter. PFG Investments LLC now owns 5,951 shares of the financial services provider’s stock worth $543,000 after buying an additional 550 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In related news, insider Jonathan S. Beatty sold 3,072 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $98.00, for a total value of $301,056.00. Following the sale, the insider directly owned 11,923 shares of the company’s stock, valued at approximately $1,168,454. The trade was a 20.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 3,205 shares of the 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 owned 34,778 shares of the company’s stock, valued at approximately $3,245,830.74. This trade represents a 8.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SCHW shares. Barclays cut their price objective on shares of Charles Schwab from $115.00 to $111.00 and set an “overweight” rating on the stock in a report on Friday, December 12th. Cowen reissued a “buy” rating on shares of Charles Schwab in a research note on Friday, October 17th. JPMorgan Chase & Co. lifted their price objective on Charles Schwab from $119.00 to $121.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. UBS Group initiated coverage on Charles Schwab in a research note on Thursday, December 11th. They issued a “buy” rating and a $119.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Charles Schwab from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Charles Schwab presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.37.

Charles Schwab Trading Up 0.6%

NYSE SCHW opened at $96.55 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58. The stock’s 50-day moving average is $93.98 and its 200-day moving average is $93.61. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $99.59. The firm has a market cap of $171.56 billion, a P/E ratio of 22.61, a P/E/G ratio of 0.80 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Thursday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.06. The business had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $5.93 billion. Charles Schwab had a return on equity of 21.02% and a net margin of 35.93%.Charles Schwab’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS. Sell-side analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, November 14th. Charles Schwab’s dividend payout ratio (DPR) is presently 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.