Resonant Capital Advisors LLC Has $2.07 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Resonant Capital Advisors LLC reduced its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,891 shares of the financial services provider’s stock after selling 1,028 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Charles Schwab were worth $2,067,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Harfst & Associates Inc. raised its stake in Charles Schwab by 3.9% during the third quarter. Harfst & Associates Inc. now owns 46,483 shares of the financial services provider’s stock worth $3,013,000 after acquiring an additional 1,755 shares in the last quarter. Raymond James & Associates raised its stake in Charles Schwab by 3.2% during the third quarter. Raymond James & Associates now owns 1,803,240 shares of the financial services provider’s stock worth $116,868,000 after acquiring an additional 55,535 shares in the last quarter. First Citizens Bank & Trust Co. raised its stake in Charles Schwab by 2.9% during the third quarter. First Citizens Bank & Trust Co. now owns 21,791 shares of the financial services provider’s stock worth $1,412,000 after acquiring an additional 624 shares in the last quarter. Capital Investment Advisors LLC raised its stake in Charles Schwab by 5.2% during the third quarter. Capital Investment Advisors LLC now owns 6,615 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 324 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Charles Schwab by 42.4% during the third quarter. Blue Trust Inc. now owns 19,517 shares of the financial services provider’s stock worth $1,265,000 after acquiring an additional 5,813 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $65.20, for a total transaction of $74,980.00. Following the transaction, the insider now owns 61,887 shares in the company, valued at $4,035,032.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $65.20, for a total transaction of $74,980.00. Following the transaction, the insider now owns 61,887 shares in the company, valued at $4,035,032.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the transaction, the director now owns 554,929 shares in the company, valued at $35,543,202.45. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 182,001 shares of company stock worth $12,512,592 in the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Raymond James lowered their target price on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday. UBS Group lowered their target price on Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. TD Cowen restated a “hold” rating and issued a $71.00 target price (down from $88.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. raised their target price on Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and a consensus price target of $73.59.

Charles Schwab Price Performance

Shares of SCHW opened at $71.36 on Friday. 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. The stock has a market cap of $126.91 billion, a P/E ratio of 29.61, a price-to-earnings-growth ratio of 1.47 and a beta of 0.97. The stock’s 50-day moving average price is $64.97 and its two-hundred day moving average price is $69.51.

Charles Schwab (NYSE:SCHW) last issued its 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 return on equity of 18.14% and a net margin of 26.30%. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the business earned $0.77 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts predict that The Charles Schwab Co. will post 3.06 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.49%.

Charles Schwab Company 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.