Cwm LLC Buys 17,370 Shares of The Charles Schwab Corporation $SCHW

Cwm LLC boosted its position in The Charles Schwab Corporation (NYSE:SCHW) by 16.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,424 shares of the financial services provider’s stock after buying an additional 17,370 shares during the period. Cwm LLC’s holdings in Charles Schwab were worth $11,497,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SCHW. Princeton Global Asset Management LLC bought a new stake in shares of Charles Schwab during the second quarter valued at approximately $25,000. RMG Wealth Management LLC bought a new position in shares of Charles Schwab in the second quarter valued at $27,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Charles Schwab during the second quarter valued at about $32,000. Hoese & Co LLP increased its position in shares of Charles Schwab by 131.6% during the second quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. Finally, Evelyn Partners Asset Management Ltd acquired a new stake in shares of Charles Schwab in the 2nd quarter worth about $33,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Trading Up 0.1%

Shares of Charles Schwab stock opened at $101.92 on Monday. The firm has a market cap of $181.10 billion, a PE ratio of 23.87, a P/E/G ratio of 0.83 and a beta of 0.96. The Charles Schwab Corporation has a 1 year low of $65.88 and a 1 year high of $102.28. 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 has a fifty day moving average price of $94.96 and a 200-day moving average price of $94.27.

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

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, November 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. Charles Schwab’s dividend payout ratio (DPR) is presently 25.29%.

Analysts Set New Price Targets

A number of research firms have issued reports on SCHW. BMO Capital Markets initiated coverage on Charles Schwab in a research note on Friday, October 3rd. They set an “outperform” rating and a $110.00 price target for the company. Barclays dropped their target price on Charles Schwab from $115.00 to $111.00 and set an “overweight” rating on the stock in a report on Friday, December 12th. Zacks Research downgraded Charles Schwab from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Piper Sandler restated a “neutral” rating on shares of Charles Schwab in a research note on Tuesday, October 14th. Finally, TD Cowen upped their target price on shares of Charles Schwab from $129.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.84.

Insider Buying and Selling

In other Charles Schwab news, insider Jonathan S. Beatty sold 3,072 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was 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 in the company, valued at $1,168,454. The trade was a 20.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul V. Woolway sold 3,205 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were 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 in the company, 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. Insiders own 6.30% of the company’s stock.

About Charles Schwab

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.