Charles Schwab (SCHW) Sets New 12-Month Low at $41.13

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Charles Schwab Co. (NYSE:SCHW) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $41.13 and last traded at $42.02, with a volume of 1082034 shares changing hands. The stock had previously closed at $43.01.

Several research firms have issued reports on SCHW. Zacks Investment Research cut shares of Charles Schwab from a “buy” rating to a “hold” rating in a research report on Tuesday. Citigroup raised shares of Charles Schwab from a “sell” rating to a “neutral” rating and set a $44.08 price objective for the company in a research report on Sunday, December 2nd. Goldman Sachs Group began coverage on shares of Charles Schwab in a research report on Friday, November 30th. They issued a “buy” rating and a $55.00 price objective for the company. UBS Group cut shares of Charles Schwab from a “buy” rating to a “neutral” rating in a research report on Monday, November 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Charles Schwab in a research report on Thursday, November 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $56.94.

The stock has a market capitalization of $57.53 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 1.06 and a beta of 1.45. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.32.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Monday, October 15th. The financial services provider reported $0.65 earnings per share for the quarter, hitting the consensus estimate of $0.65. Charles Schwab had a net margin of 32.65% and a return on equity of 19.02%. The firm had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the prior year, the company earned $0.42 EPS. The company’s revenue was up 19.1% compared to the same quarter last year. As a group, analysts predict that Charles Schwab Co. will post 2.44 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Stockholders of record on Friday, November 9th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $0.52 annualized dividend and a dividend yield of 1.25%. Charles Schwab’s payout ratio is presently 31.71%.

Charles Schwab declared that its board has approved a stock repurchase program on Thursday, October 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 1.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

In related news, EVP Jonathan M. Craig sold 2,629 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $48.84, for a total transaction of $128,400.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marie A. Chandoha sold 8,424 shares of the business’s stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $48.01, for a total transaction of $404,436.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 411,366 shares of company stock valued at $19,333,819. 11.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. HCR Wealth Advisors increased its stake in Charles Schwab by 2.9% during the 3rd quarter. HCR Wealth Advisors now owns 38,224 shares of the financial services provider’s stock valued at $1,730,000 after purchasing an additional 1,081 shares in the last quarter. Gs Investments Inc. increased its stake in Charles Schwab by 2.2% during the 3rd quarter. Gs Investments Inc. now owns 50,805 shares of the financial services provider’s stock valued at $2,497,000 after purchasing an additional 1,090 shares in the last quarter. Bbva Compass Bancshares Inc. increased its stake in Charles Schwab by 8.1% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 14,972 shares of the financial services provider’s stock valued at $765,000 after purchasing an additional 1,121 shares in the last quarter. Tower Bridge Advisors increased its stake in Charles Schwab by 0.5% during the 3rd quarter. Tower Bridge Advisors now owns 244,541 shares of the financial services provider’s stock valued at $12,019,000 after purchasing an additional 1,127 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Charles Schwab by 2.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 51,558 shares of the financial services provider’s stock valued at $2,534,000 after purchasing an additional 1,138 shares in the last quarter. Hedge funds and other institutional investors own 79.51% of the company’s stock.

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Charles Schwab Company Profile (NYSE:SCHW)

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

Read More: How are institutional investors different from individual investors?

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