Commonwealth Equity Services LLC Has $31.27 Million Stock Holdings in The Charles Schwab Corporation $SCHW

Commonwealth Equity Services LLC decreased its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 9.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 327,487 shares of the financial services provider’s stock after selling 36,005 shares during the period. Commonwealth Equity Services LLC’s holdings in Charles Schwab were worth $31,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SCHW. Princeton Global Asset Management LLC acquired a new position in Charles Schwab during the second quarter worth about $25,000. RMG Wealth Management LLC bought a new stake in shares of Charles Schwab during the 2nd quarter valued at approximately $27,000. West Branch Capital LLC bought a new stake in shares of Charles Schwab during the 3rd quarter valued at approximately $27,000. Mid American Wealth Advisory Group Inc. acquired a new position in Charles Schwab during the 2nd quarter worth approximately $32,000. Finally, Hoese & Co LLP lifted its stake in Charles Schwab by 131.6% in the 2nd quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 3,072 shares of Charles Schwab stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total value of $301,056.00. Following the completion of the transaction, the insider directly owned 11,923 shares of the company’s stock, valued at approximately $1,168,454. This trade represents a 20.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.30% of the company’s stock.

Charles Schwab Stock Performance

NYSE:SCHW opened at $101.90 on Thursday. 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 Charles Schwab Corporation has a fifty-two week low of $65.88 and a fifty-two week high of $104.76. The company has a 50 day simple moving average of $96.08 and a two-hundred day simple moving average of $94.93. The company has a market capitalization of $181.06 billion, a PE ratio of 23.86, a P/E/G ratio of 0.72 and a beta of 0.94.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.31 EPS for the quarter, beating 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 analyst estimates of $5.93 billion. During the same period in the prior year, the firm posted $0.71 EPS. The company’s quarterly revenue was up 26.6% on a year-over-year basis. Research analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders 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 yield of 1.1%. The ex-dividend date was Friday, November 14th. Charles Schwab’s dividend payout ratio (DPR) is presently 25.29%.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of research reports. Raymond James Financial reaffirmed an “outperform” rating and set a $114.00 target price on shares of Charles Schwab in a research note on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Charles Schwab in a research report on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of Charles Schwab in a report on Friday, October 17th. Piper Sandler reissued a “neutral” rating on shares of Charles Schwab in a research note on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Charles Schwab from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and a consensus target price of $110.80.

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.