Financial Management Professionals Inc. Has $177,000 Position in The Charles Schwab Co. (NYSE:SCHW)

Financial Management Professionals Inc. cut its holdings in The Charles Schwab Co. (NYSE:SCHW) by 13.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,735 shares of the financial services provider’s stock after selling 434 shares during the period. Financial Management Professionals Inc.’s holdings in Charles Schwab were worth $177,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Clear Harbor Asset Management LLC increased its position in Charles Schwab by 207.0% during the third quarter. Clear Harbor Asset Management LLC now owns 17,531 shares of the financial services provider’s stock worth $1,136,000 after acquiring an additional 11,820 shares during the period. GHP Investment Advisors Inc. grew its position in Charles Schwab by 3.9% in the 3rd quarter. GHP Investment Advisors Inc. now owns 64,077 shares of the financial services provider’s stock worth $4,153,000 after purchasing an additional 2,402 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Charles Schwab by 1.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 937,303 shares of the financial services provider’s stock worth $60,747,000 after purchasing an additional 9,799 shares during the period. Horizon Bancorp Inc. IN raised its position in shares of Charles Schwab by 48.6% during the third quarter. Horizon Bancorp Inc. IN now owns 2,416 shares of the financial services provider’s stock valued at $157,000 after buying an additional 790 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in shares of Charles Schwab by 20.6% in the third quarter. Arkadios Wealth Advisors now owns 10,765 shares of the financial services provider’s stock valued at $698,000 after buying an additional 1,836 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling

In other news, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $65.20, for a total value of $74,980.00. Following the completion of the sale, the insider now directly owns 61,887 shares of the company’s stock, valued at approximately $4,035,032.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $74,980.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 of the company’s stock, valued at approximately $3,946,927,245.81. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 182,001 shares of company stock worth $12,512,592 in the last quarter. Insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW stock opened at $71.82 on Friday. The Charles Schwab Co. has a 52 week low of $49.16 and a 52 week high of $79.49. The stock has a market capitalization of $127.64 billion, a PE ratio of 30.05, a PEG ratio of 1.63 and a beta of 0.97. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The stock’s fifty day moving average is $65.73 and its 200-day moving average is $69.50.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. Equities research analysts expect that The Charles Schwab Co. will post 3.11 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, November 8th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Jefferies Financial Group cut their price target on Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a report on Friday, October 4th. Citigroup cut their target price on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, September 27th. The Goldman Sachs Group lifted their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Barclays increased their price objective on shares of Charles Schwab from $64.00 to $74.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Cowen raised their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Charles Schwab has a consensus rating of “Hold” and an average target price of $73.94.

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.