Little House Capital LLC Reduces Stake in The Charles Schwab Co. (NYSE:SCHW)

Little House Capital LLC decreased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 45.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,229 shares of the financial services provider’s stock after selling 2,637 shares during the period. Little House Capital LLC’s holdings in Charles Schwab were worth $209,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Country Trust Bank bought a new position in Charles Schwab in the 2nd quarter worth about $26,000. Fortitude Family Office LLC increased its stake 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 acquiring an additional 192 shares during the last quarter. American Capital Advisory LLC bought a new position in Charles Schwab in the 2nd quarter worth about $27,000. CGC Financial Services LLC bought a new position in Charles Schwab in the 2nd quarter worth about $29,000. Finally, Mizuho Securities Co. Ltd. bought a new position in Charles Schwab in the 2nd quarter worth about $29,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Trading Down 0.6 %

Shares of Charles Schwab stock traded down $0.45 during trading on Monday, hitting $70.91. The stock had a trading volume of 1,988,533 shares, compared to its average volume of 8,087,711. The firm’s fifty day simple moving average is $64.97 and its 200-day simple moving average is $69.49. The stock has a market cap of $126.03 billion, a PE ratio of 29.86, a PEG ratio of 1.47 and a beta of 0.97. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating 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 analyst estimates of $4.78 billion. During the same quarter last year, the business posted $0.77 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts expect that The Charles Schwab Co. will post 3.06 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.41%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. TD Cowen reiterated a “hold” rating and set a $71.00 price objective (down from $88.00) on shares of Charles Schwab in a research report on Wednesday, July 17th. JMP Securities increased their price objective on Charles Schwab from $82.00 to $84.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their price objective on Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Morgan Stanley reduced their price target on Charles Schwab from $70.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Finally, Citigroup reduced their price target on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, September 27th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $73.59.

Insider Activity

In other news, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $65.20, for a total value of $74,980.00. Following the transaction, the insider now owns 61,887 shares of the company’s stock, valued at $4,035,032.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Charles Schwab news, insider Paul V. Woolway sold 1,150 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $65.20, for a total transaction of $74,980.00. Following the sale, the insider now owns 61,887 shares of the company’s stock, valued at approximately $4,035,032.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Charles R. Schwab sold 67,386 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the sale, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $3,946,927,245.81. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 182,001 shares of company stock worth $12,512,592. 6.60% of the stock is currently owned by corporate insiders.

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.