The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Csenge Advisory Group

Csenge Advisory Group raised its stake in The Charles Schwab Co. (NYSE:SCHW) by 11.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 8,082 shares of the financial services provider’s stock after purchasing an additional 856 shares during the quarter. Csenge Advisory Group’s holdings in Charles Schwab were worth $596,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Fortitude Family Office LLC lifted its position in shares of Charles Schwab by 97.5% during the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 192 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of Charles Schwab during the fourth quarter worth $30,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Charles Schwab during the fourth quarter worth $31,000. Tributary Capital Management LLC purchased a new stake in shares of Charles Schwab during the first quarter worth $31,000. Finally, Partnership Wealth Management LLC purchased a new stake in shares of Charles Schwab during the fourth quarter worth $41,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling

In related news, insider Paul V. Woolway sold 1,150 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $65.20, for a total transaction of $74,980.00. Following the completion of the transaction, the insider now directly owns 61,887 shares of the company’s stock, valued at $4,035,032.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Charles Schwab news, Chairman Charles R. Schwab sold 65,360 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $76.89, for a total value of $5,025,530.40. Following the completion of the transaction, the chairman now directly owns 60,741,536 shares of the company’s stock, valued at $4,670,416,703.04. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul V. Woolway sold 1,150 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $65.20, for a total transaction of $74,980.00. Following the completion of the transaction, the insider now directly owns 61,887 shares of the company’s stock, valued at $4,035,032.40. The disclosure for this sale can be found here. Insiders sold 247,271 shares of company stock valued at $17,567,508 over the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW traded up $0.56 during mid-day trading on Thursday, hitting $62.78. 6,086,435 shares of the company’s stock were exchanged, compared to its average volume of 8,019,643. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. The firm has a market capitalization of $111.58 billion, a P/E ratio of 26.18, a P/E/G ratio of 1.18 and a beta of 0.99. The business’s 50 day moving average is $70.47 and its two-hundred day moving average is $69.98. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Charles Schwab had a net margin of 26.30% and a return on equity of 18.65%. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities analysts expect that The Charles Schwab Co. will post 3.09 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.59%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SCHW shares. JPMorgan Chase & Co. cut their price objective on Charles Schwab from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods raised Charles Schwab from a “market perform” rating to an “outperform” rating and increased their target price for the company from $76.00 to $84.00 in a report on Monday, July 8th. JMP Securities dropped their target price on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating on the stock in a report on Tuesday, July 23rd. Bank of America dropped their target price on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating on the stock in a report on Wednesday, July 17th. Finally, Jefferies Financial Group increased their target price on Charles Schwab from $85.00 to $88.00 and gave the company a “buy” rating in a report on Monday, July 8th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and a consensus price target of $74.27.

About Charles Schwab

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.