Sivia Capital Partners LLC Sells 329 Shares of The Charles Schwab Co. (NYSE:SCHW)

Sivia Capital Partners LLC lowered its stake in The Charles Schwab Co. (NYSE:SCHW) by 8.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,558 shares of the financial services provider’s stock after selling 329 shares during the quarter. Sivia Capital Partners LLC’s holdings in Charles Schwab were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SCHW. Country Trust Bank purchased a new stake in shares of Charles Schwab during the 2nd quarter worth approximately $26,000. American Capital Advisory LLC bought a new position in shares of Charles Schwab during the 2nd quarter valued at approximately $27,000. Fortitude Family Office LLC increased its position in shares of Charles Schwab by 97.5% during the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. CGC Financial Services LLC bought a new position in shares of Charles Schwab during the 2nd quarter valued at approximately $29,000. Finally, Mizuho Securities Co. Ltd. bought a new position in Charles Schwab in the 2nd quarter valued at $29,000. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the sale, the director now directly owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, President Richard A. Wurster acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was acquired at an average cost of $62.05 per share, with a total value of $620,500.00. Following the completion of the purchase, the president now owns 144,228 shares of the company’s stock, valued at $8,949,347.40. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the transaction, the director now directly owns 554,929 shares of the company’s stock, valued at $35,543,202.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,856 shares of company stock valued at $6,398,604 over the last ninety days. Company insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. JMP Securities cut their price objective on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating on the stock in a research report on Tuesday, July 23rd. TD Cowen reissued a “hold” rating and set a $71.00 price target (down previously from $88.00) on shares of Charles Schwab in a research report on Wednesday, July 17th. JPMorgan Chase & Co. dropped their price target 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. Barclays dropped their price target on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 17th. Finally, UBS Group dropped their price target on Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $72.25.

Charles Schwab Stock Performance

Shares of SCHW stock traded up $0.23 during mid-day trading on Monday, reaching $67.91. The stock had a trading volume of 3,054,467 shares, compared to its average volume of 7,989,488. The business’s fifty day moving average is $64.12 and its 200-day moving average is $69.53. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The firm has a market cap of $120.77 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 1.43 and a beta of 0.97. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data 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. The business had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The company’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 earnings per share. On average, research analysts forecast that The Charles Schwab Co. will post 3.06 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.47%. The ex-dividend date was Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is 41.49%.

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.