Capital Investment Advisors LLC Purchases 397 Shares of The Charles Schwab Co. (NYSE:SCHW)

Capital Investment Advisors LLC lifted its position in The Charles Schwab Co. (NYSE:SCHW) by 6.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,291 shares of the financial services provider’s stock after buying an additional 397 shares during the period. Capital Investment Advisors LLC’s holdings in Charles Schwab were worth $464,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. City Holding Co. raised its position in Charles Schwab by 5.9% in the 2nd quarter. City Holding Co. now owns 30,111 shares of the financial services provider’s stock worth $2,219,000 after buying an additional 1,686 shares during the last quarter. CHICAGO TRUST Co NA purchased a new position in shares of Charles Schwab during the second quarter valued at approximately $224,000. Talbot Financial LLC lifted its position in Charles Schwab by 0.6% during the second quarter. Talbot Financial LLC now owns 153,734 shares of the financial services provider’s stock valued at $11,329,000 after purchasing an additional 845 shares during the period. Csenge Advisory Group boosted its holdings in Charles Schwab by 11.8% in the second quarter. Csenge Advisory Group now owns 8,082 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 856 shares during the last quarter. Finally, Fortitude Family Office LLC grew its position in Charles Schwab by 97.5% in the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 192 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

SCHW has been the subject of a number of recent research reports. Jefferies Financial Group boosted their price target on Charles Schwab from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 8th. TD Cowen reaffirmed a “hold” rating and set a $71.00 target price (down from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Piper Sandler downgraded shares of Charles Schwab from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $80.00 to $64.00 in a research report on Monday, July 29th. UBS Group cut their price objective on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Finally, Bank of America decreased their target price on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating on the stock in a report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $74.27.

Charles Schwab Price Performance

Shares of NYSE:SCHW traded down $0.12 on Friday, reaching $62.41. The company’s stock had a trading volume of 4,255,160 shares, compared to its average volume of 13,392,225. The company has a 50-day simple moving average of $70.07 and a 200 day simple moving average of $69.93. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market cap of $110.92 billion, a P/E ratio of 26.11, a PEG ratio of 1.18 and a beta of 0.99. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. Charles Schwab had a return on equity of 18.65% and a net margin of 26.30%. The company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. Charles Schwab’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 3.07 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.60%. The ex-dividend date is Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insiders Place Their Bets

In related news, Chairman Charles R. Schwab sold 67,386 shares of Charles Schwab stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the completion of the sale, the chairman now owns 60,619,371 shares in the company, valued at approximately $3,946,927,245.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, President Richard A. Wurster purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were purchased at an average price of $62.05 per share, for a total transaction of $620,500.00. Following the completion of the purchase, the president now owns 144,228 shares in the company, valued at approximately $8,949,347.40. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Charles R. Schwab sold 67,386 shares of Charles Schwab stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total value of $4,387,502.46. Following the completion of the sale, the chairman now owns 60,619,371 shares of the company’s stock, valued at $3,946,927,245.81. The disclosure for this sale can be found here. Insiders have sold a total of 247,271 shares of company stock worth $17,567,508 over the last quarter. Company insiders own 6.60% of the company’s stock.

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.