Capital Investment Advisors LLC Has $833,000 Stock Holdings in The Charles Schwab Corporation $SCHW

Capital Investment Advisors LLC lessened its stake in The Charles Schwab Corporation (NYSE:SCHW) by 37.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,725 shares of the financial services provider’s stock after selling 5,121 shares during the quarter. Capital Investment Advisors LLC’s holdings in Charles Schwab were worth $833,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. increased its position in shares of Charles Schwab by 27.3% in the third quarter. Steigerwald Gordon & Koch Inc. now owns 2,807 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 602 shares during the period. Ferguson Wellman Capital Management Inc. raised its position in shares of Charles Schwab by 80.8% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 4,864 shares of the financial services provider’s stock valued at $464,000 after buying an additional 2,173 shares in the last quarter. Cypress Capital LLC bought a new stake in shares of Charles Schwab during the 3rd quarter worth approximately $1,689,000. Venturi Wealth Management LLC boosted its position in shares of Charles Schwab by 38.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,718 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 1,035 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its position in shares of Charles Schwab by 1.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 7,170 shares of the financial services provider’s stock worth $684,000 after acquiring an additional 137 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,000 shares of the stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $102.01, for a total value of $204,020.00. Following the transaction, the insider owned 11,923 shares of the company’s stock, valued at $1,216,265.23. This represents a 14.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.30% of the stock is currently owned by insiders.

Charles Schwab Stock Down 1.1%

Shares of NYSE SCHW opened at $100.19 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47. The company has a market cap of $178.03 billion, a P/E ratio of 23.46, a P/E/G ratio of 0.70 and a beta of 0.94. The Charles Schwab Corporation has a 52 week low of $65.88 and a 52 week high of $104.76. The business has a 50-day simple moving average of $96.33 and a two-hundred day simple moving average of $95.10.

Charles Schwab (NYSE:SCHW) last released 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. The company had revenue of $6.38 billion during the quarter, compared to analyst estimates of $5.93 billion. Charles Schwab had a net margin of 35.93% and a return on equity of 21.02%. Charles Schwab’s revenue was up 26.6% compared to the same quarter last year. During the same period last year, the business earned $0.71 earnings per share. Research 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 announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, November 14th. Charles Schwab’s dividend payout ratio (DPR) is currently 25.29%.

Analysts Set New Price Targets

Several analysts recently weighed in on SCHW shares. The Goldman Sachs Group reissued a “buy” rating and issued a $114.00 price objective on shares of Charles Schwab in a research note on Friday, October 17th. Zacks Research lowered Charles Schwab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Charles Schwab in a research note on Wednesday, October 8th. UBS Group lifted their price objective on Charles Schwab from $119.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Truist Financial increased their target price on shares of Charles Schwab from $113.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday. One 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 issued a Sell rating to the stock. According to MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and an average price target of $111.25.

Charles Schwab Company 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.