Kohmann Bosshard Financial Services LLC Purchases 263 Shares of The Charles Schwab Co. (NYSE:SCHW)

Kohmann Bosshard Financial Services LLC lifted its position in The Charles Schwab Co. (NYSE:SCHW) by 0.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,861 shares of the financial services provider’s stock after purchasing an additional 263 shares during the quarter. Charles Schwab comprises approximately 0.9% of Kohmann Bosshard Financial Services LLC’s portfolio, making the stock its 26th largest holding. Kohmann Bosshard Financial Services LLC’s holdings in Charles Schwab were worth $7,055,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SCHW. Stratos Wealth Advisors LLC grew its position in Charles Schwab by 11.1% in the third quarter. Stratos Wealth Advisors LLC now owns 14,296 shares of the financial services provider’s stock worth $927,000 after acquiring an additional 1,433 shares in the last quarter. Inspire Advisors LLC grew its position in Charles Schwab by 2.4% in the third quarter. Inspire Advisors LLC now owns 19,130 shares of the financial services provider’s stock worth $1,240,000 after acquiring an additional 452 shares in the last quarter. Aaron Wealth Advisors LLC grew its position in Charles Schwab by 4.8% in the third quarter. Aaron Wealth Advisors LLC now owns 15,055 shares of the financial services provider’s stock worth $976,000 after acquiring an additional 694 shares in the last quarter. Claro Advisors LLC grew its position in Charles Schwab by 5.9% in the third quarter. Claro Advisors LLC now owns 5,476 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 303 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its position in Charles Schwab by 22.3% in the third quarter. V Square Quantitative Management LLC now owns 23,710 shares of the financial services provider’s stock worth $1,537,000 after acquiring an additional 4,322 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $72.16, for a total value of $2,150,368.00. Following the completion of the transaction, the director now directly owns 551,329 shares of the company’s stock, valued at $39,783,900.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the completion of the transaction, the chairman now owns 60,619,371 shares of the company’s stock, valued at approximately $4,396,116,784.92. 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 link. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the transaction, the director now directly owns 551,329 shares of the company’s stock, valued at $39,783,900.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 182,001 shares of company stock valued at $12,512,592 over the last three months. Corporate insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

SCHW has been the subject of several research reports. Keefe, Bruyette & Woods upped their target price on shares of Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group upped their target price on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday. TD Cowen reiterated a “hold” rating and issued a $71.00 target price (down from $88.00) on shares of Charles Schwab in a research report on Wednesday, July 17th. Bank of America cut their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research report on Wednesday. Finally, Raymond James cut their price target on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and a consensus target price of $73.59.

Charles Schwab Price Performance

SCHW stock opened at $71.34 on Friday. 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 cap of $126.87 billion, a P/E ratio of 29.60, a PEG ratio of 1.47 and a beta of 0.97. The firm has a 50-day moving average of $64.97 and a 200 day moving average of $69.52. 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 released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. Charles Schwab’s revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts forecast that The Charles Schwab Co. will post 3.06 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Friday, August 9th. Charles Schwab’s payout ratio is currently 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.