The Charles Schwab Corporation $SCHW Stock Holdings Reduced by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC lowered its position in The Charles Schwab Corporation (NYSE:SCHW) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,465 shares of the financial services provider’s stock after selling 170 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Charles Schwab were worth $316,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHW. Pine Haven Investment Counsel Inc raised its holdings in Charles Schwab by 0.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 41,793 shares of the financial services provider’s stock valued at $3,813,000 after acquiring an additional 110 shares in the last quarter. Traveka Wealth LLC raised its holdings in Charles Schwab by 4.3% in the 2nd quarter. Traveka Wealth LLC now owns 2,841 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 117 shares in the last quarter. Bank of Stockton raised its holdings in Charles Schwab by 1.2% in the 2nd quarter. Bank of Stockton now owns 10,593 shares of the financial services provider’s stock valued at $967,000 after acquiring an additional 123 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its holdings in Charles Schwab by 1.6% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 7,986 shares of the financial services provider’s stock valued at $625,000 after acquiring an additional 129 shares in the last quarter. Finally, HM Payson & Co. raised its holdings in Charles Schwab by 0.7% in the 1st quarter. HM Payson & Co. now owns 19,271 shares of the financial services provider’s stock valued at $1,509,000 after acquiring an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

SCHW has been the subject of several recent research reports. Wells Fargo & Company set a $102.00 price target on Charles Schwab and gave the company an “overweight” rating in a report on Friday, July 18th. JMP Securities upped their price objective on Charles Schwab from $106.00 to $110.00 and gave the company a “market outperform” rating in a research note on Monday, July 21st. Morgan Stanley upped their price objective on Charles Schwab from $117.00 to $131.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on Charles Schwab from $114.00 to $113.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. Finally, Citigroup upped their price objective on Charles Schwab from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Sixteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Charles Schwab currently has an average rating of “Moderate Buy” and an average target price of $100.00.

Insider Buying and Selling

In other news, insider Jonathan S. Beatty sold 6,144 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $96.81, for a total value of $594,800.64. Following the transaction, the insider owned 11,923 shares of the company’s stock, valued at $1,154,265.63. This represents a 34.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nigel J. Murtagh sold 24,096 shares of the firm’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $97.91, for a total value of $2,359,239.36. Following the sale, the insider directly owned 58,999 shares in the company, valued at $5,776,592.09. The trade was a 29.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 267,213 shares of company stock worth $26,232,180 over the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Up 0.8%

Shares of SCHW opened at $95.52 on Friday. The firm has a market capitalization of $173.39 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 0.94 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.55 and a current ratio of 0.55. The business’s fifty day moving average price is $95.55 and its two-hundred day moving average price is $88.04. The Charles Schwab Corporation has a 52 week low of $62.41 and a 52 week high of $99.59.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.04. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.64 billion. Charles Schwab had a return on equity of 19.30% and a net margin of 33.68%.The business’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. On average, analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. Charles Schwab’s dividend payout ratio is 29.03%.

Charles Schwab announced that its Board of Directors has approved a stock buyback program on Thursday, July 24th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the financial services provider to buy up to 11.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

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.