Watts Gwilliam & Co. LLC Invests $1.75 Million in The Charles Schwab Co. (NYSE:SCHW)

Watts Gwilliam & Co. LLC bought a new stake in The Charles Schwab Co. (NYSE:SCHW) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 26,959 shares of the financial services provider’s stock, valued at approximately $1,750,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHW. Country Trust Bank bought a new position in Charles Schwab in the 2nd quarter valued at about $26,000. American Capital Advisory LLC bought a new position in Charles Schwab in the 2nd quarter valued at about $27,000. 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 valued at $29,000 after buying an additional 192 shares in the last quarter. CGC Financial Services LLC bought a new position in Charles Schwab in the 2nd quarter valued at about $29,000. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of Charles Schwab during the 2nd quarter valued at about $29,000. Institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SCHW shares. Citigroup reduced their price objective on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, September 27th. TD Cowen restated a “hold” rating and set a $71.00 price objective (down previously from $88.00) on shares of Charles Schwab in a research report on Wednesday, July 17th. JPMorgan Chase & Co. reduced their price objective on shares of Charles Schwab from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research report on Thursday, August 22nd. Finally, Morgan Stanley reduced their price objective on shares of Charles Schwab from $70.00 to $68.00 and set an “equal weight” rating for the company in a research note on Monday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $72.25.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $61.96, for a total value of $557,640.00. Following the completion of the transaction, the director now directly owns 567,057 shares of the company’s stock, valued at $35,134,851.72. 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 available through this hyperlink. In related news, President Richard A. Wurster acquired 10,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was bought at an average cost of $62.05 per share, with a total value of $620,500.00. Following the completion of the acquisition, the president now owns 144,228 shares in the company, valued at $8,949,347.40. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction on Friday, July 19th. The shares were sold at an average price of $61.96, for a total value of $557,640.00. Following the transaction, the director now directly owns 567,057 shares of the company’s stock, valued at approximately $35,134,851.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,856 shares of company stock valued at $6,398,604 over the last ninety days. 6.60% of the stock is owned by company insiders.

Charles Schwab Trading Down 0.1 %

Shares of Charles Schwab stock opened at $66.65 on Friday. The company’s fifty day simple moving average is $64.04 and its 200-day simple moving average is $69.58. The company has a market cap of $118.53 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.43 and a beta of 0.97. 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 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 (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. Charles Schwab’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the company posted $0.75 earnings per share. As a group, sell-side analysts expect that The Charles Schwab Co. will post 3.07 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a $0.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.00 annualized dividend and a yield of 1.50%. Charles Schwab’s dividend payout ratio (DPR) is currently 41.49%.

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.