3,465 Shares in The Charles Schwab Co. (NYSE:SCHW) Bought by WorthPointe LLC

WorthPointe LLC purchased a new stake in The Charles Schwab Co. (NYSE:SCHW) during the third quarter, HoldingsChannel.com reports. The fund purchased 3,465 shares of the financial services provider’s stock, valued at approximately $225,000.

A number of other institutional investors also recently bought and sold shares of the business. Bridgewater Associates LP acquired a new stake in shares of Charles Schwab during the 3rd quarter worth about $1,754,000. Cynosure Group LLC increased its stake in Charles Schwab by 4.7% in the third quarter. Cynosure Group LLC now owns 11,480 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 516 shares during the last quarter. Goodman Financial Corp raised its holdings in Charles Schwab by 2.0% during the third quarter. Goodman Financial Corp now owns 208,988 shares of the financial services provider’s stock worth $13,544,000 after purchasing an additional 4,026 shares in the last quarter. North Peak Capital Management LLC lifted its position in shares of Charles Schwab by 6.4% during the 3rd quarter. North Peak Capital Management LLC now owns 1,897,155 shares of the financial services provider’s stock worth $122,955,000 after buying an additional 114,280 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Charles Schwab in the 3rd quarter valued at $8,754,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the completion of the transaction, the insider now directly owns 59,092 shares in the company, valued at approximately $4,796,497.64. This trade represents a 17.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the sale, the director now directly owns 554,929 shares in the company, valued at $35,543,202.45. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 125,668 shares of company stock valued at $9,230,648. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SCHW shares. Raymond James reduced their price target on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Jefferies Financial Group reduced their target price on Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a report on Friday, October 4th. Keefe, Bruyette & Woods lifted their price target on Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, Citigroup cut their target price on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, September 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $74.18.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $82.22 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a 50 day simple moving average of $71.28 and a 200-day simple moving average of $69.85. The company has a market cap of $146.32 billion, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96. The Charles Schwab Co. has a 12-month low of $55.59 and a 12-month high of $82.50.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. Charles Schwab’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 earnings per share. On average, equities analysts forecast that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.22%. Charles Schwab’s payout ratio is currently 39.06%.

Charles Schwab 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.