10,837 Shares in The Charles Schwab Corporation $SCHW Acquired by S&G Foundation

S&G Foundation bought a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,837 shares of the financial services provider’s stock, valued at approximately $1,000,000. Charles Schwab accounts for 0.0% of S&G Foundation’s holdings, making the stock its 17th biggest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SCHW. Dogwood Wealth Management LLC raised its position in Charles Schwab by 99.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 123 shares during the period. Compass Financial Management LLC purchased a new stake in shares of Charles Schwab in the 2nd quarter worth $27,000. Scarborough Advisors LLC purchased a new stake in shares of Charles Schwab in the 1st quarter worth $29,000. McIlrath & Eck LLC raised its holdings in Charles Schwab by 143.2% in the 4th quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 189 shares during the period. Finally, Main Street Group LTD bought a new position in Charles Schwab in the 1st quarter worth $33,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Charles Schwab news, Director Paula A. Sneed sold 5,263 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $107.15, for a total value of $563,930.45. Following the completion of the transaction, the director directly owned 91,711 shares in the company, valued at $9,826,833.65. This represents a 5.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dennis Howard sold 28,000 shares of Charles Schwab stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $105.01, for a total transaction of $2,940,280.00. Following the sale, the insider owned 10,470 shares in the company, valued at approximately $1,099,454.70. The trade was a 72.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 398,984 shares of company stock worth $41,699,569 in the last quarter. 6.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SCHW. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a report on Wednesday, July 22nd. Barclays raised their price objective on Charles Schwab from $122.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. BMO Capital Markets cut Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price objective on the stock. in a research report on Monday, July 20th. UBS Group set a $135.00 price objective on Charles Schwab in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Charles Schwab in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $121.17.

Charles Schwab Trading Up 2.3%

Shares of SCHW stock opened at $112.36 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a fifty day simple moving average of $101.59 and a two-hundred day simple moving average of $96.15. The firm has a market capitalization of $194.31 billion, a PE ratio of 20.43, a PEG ratio of 0.86 and a beta of 0.76. The Charles Schwab Corporation has a 52-week low of $83.96 and a 52-week high of $112.40.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.56 by $0.06. The business had revenue of $7.07 billion for the quarter, compared to the consensus estimate of $6.90 billion. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%.The business’s revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 earnings per share. On average, analysts predict that The Charles Schwab Corporation will post 6.46 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.1%. Charles Schwab’s payout ratio is currently 23.27%.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.