Ascent Group LLC Boosts Holdings in The Charles Schwab Corporation $SCHW

Ascent Group LLC lifted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 15.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,013 shares of the financial services provider’s stock after buying an additional 15,612 shares during the quarter. Ascent Group LLC’s holdings in Charles Schwab were worth $11,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SCHW. Sivia Capital Partners LLC grew its holdings in shares of Charles Schwab by 28.0% during the 3rd quarter. Sivia Capital Partners LLC now owns 5,829 shares of the financial services provider’s stock worth $556,000 after acquiring an additional 1,276 shares during the period. Diversified Trust Co boosted its position in shares of Charles Schwab by 25.3% during the third quarter. Diversified Trust Co now owns 12,454 shares of the financial services provider’s stock valued at $1,189,000 after purchasing an additional 2,518 shares in the last quarter. LVW Advisors LLC grew its stake in Charles Schwab by 5.1% in the third quarter. LVW Advisors LLC now owns 2,774 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 135 shares during the period. First American Bank raised its holdings in Charles Schwab by 1.6% in the third quarter. First American Bank now owns 53,971 shares of the financial services provider’s stock worth $5,153,000 after purchasing an additional 832 shares in the last quarter. Finally, waypoint wealth counsel purchased a new position in Charles Schwab during the third quarter valued at $260,000. 84.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on SCHW shares. BMO Capital Markets assumed coverage on shares of Charles Schwab in a research note on Friday, October 3rd. They issued an “outperform” rating and a $110.00 price target for the company. UBS Group assumed coverage on shares of Charles Schwab in a report on Thursday, December 11th. They set a “buy” rating and a $119.00 target price for the company. Zacks Research downgraded Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Charles Schwab in a report on Wednesday, October 8th. Finally, Piper Sandler restated a “neutral” rating on shares of Charles Schwab in a report on Tuesday, October 14th. One research 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $108.84.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $100.49 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $178.56 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 0.82 and a beta of 0.96. The business has a 50-day simple moving average of $95.19 and a two-hundred day simple moving average of $94.45. The Charles Schwab Corporation has a fifty-two week low of $65.88 and a fifty-two week high of $102.28.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.31 EPS 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 firm had revenue of $6.38 billion during the quarter, compared to analyst estimates of $5.93 billion. During the same period in the previous year, the business posted $0.71 earnings per share. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders 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 dividend on an annualized basis and a yield of 1.1%. Charles Schwab’s payout ratio is currently 25.29%.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 3,072 shares of the firm’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 transaction, the insider directly owned 11,923 shares in the company, valued at $1,168,454. This trade represents a 20.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 6.30% of the stock is owned by insiders.

Charles Schwab Profile

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.