Brasada Capital Management LP Cuts Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Brasada Capital Management LP reduced its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 46.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,420 shares of the financial services provider’s stock after selling 21,639 shares during the quarter. Brasada Capital Management LP’s holdings in Charles Schwab were worth $1,934,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SCHW. Country Trust Bank bought a new position in Charles Schwab during the 2nd quarter worth approximately $26,000. American Capital Advisory LLC purchased a new stake in shares of Charles Schwab during the second quarter valued at approximately $27,000. Fortitude Family Office LLC grew its holdings in shares of Charles Schwab by 97.5% in 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 during the last quarter. CGC Financial Services LLC purchased a new position in shares of Charles Schwab in the second quarter worth $29,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in Charles Schwab during the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.1 %

NYSE:SCHW opened at $63.07 on Wednesday. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. The company has a market capitalization of $112.17 billion, a PE ratio of 26.39, a P/E/G ratio of 1.18 and a beta of 0.97. The firm’s 50-day moving average price is $66.01 and its 200-day moving average price is $70.12. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42.

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, beating analysts’ consensus estimates of $0.72 by $0.01. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities analysts predict that The Charles Schwab Co. will post 3.05 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s payout ratio is 41.84%.

Analyst Ratings Changes

SCHW has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charles Schwab from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. UBS Group reduced their price target on Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. StockNews.com cut Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Bank of America reduced their target price on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 17th. Finally, Jefferies Financial Group raised their price target on Charles Schwab from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $74.00.

Insiders Place Their Bets

In other news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of Charles Schwab stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.10, for a total value of $802,032.00. Following the completion of the transaction, the director now owns 562,129 shares of the company’s stock, valued at approximately $36,594,597.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Charles Schwab news, President Richard A. Wurster bought 10,000 shares of Charles Schwab stock in a transaction on Wednesday, July 17th. The stock was acquired at an average price of $62.05 per share, with a total value of $620,500.00. Following the acquisition, the president now owns 144,228 shares in the company, valued at $8,949,347.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.10, for a total value of $802,032.00. Following the transaction, the director now directly owns 562,129 shares in the company, valued at $36,594,597.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,636 shares of company stock valued at $6,533,064. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Company Profile

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.