Kohmann Bosshard Financial Services LLC Reduces Position in The Charles Schwab Co. (NYSE:SCHW)

Kohmann Bosshard Financial Services LLC decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 3.9% in the second quarter, HoldingsChannel.com reports. The fund owned 108,598 shares of the financial services provider’s stock after selling 4,434 shares during the period. Charles Schwab comprises approximately 1.1% of Kohmann Bosshard Financial Services LLC’s investment portfolio, making the stock its 22nd biggest holding. Kohmann Bosshard Financial Services LLC’s holdings in Charles Schwab were worth $8,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHW. Morningstar Investment Services LLC grew its stake in shares of Charles Schwab by 98.0% during the 4th quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock worth $326,284,000 after purchasing an additional 2,322,156 shares during the period. Brown Advisory Inc. grew its position in Charles Schwab by 24.3% during the fourth quarter. Brown Advisory Inc. now owns 4,393,223 shares of the financial services provider’s stock valued at $302,254,000 after buying an additional 857,734 shares during the period. M&G Plc purchased a new position in Charles Schwab in the first quarter valued at $11,452,000. Allspring Global Investments Holdings LLC raised its position in shares of Charles Schwab by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after acquiring an additional 160,719 shares during the period. Finally, Retirement Systems of Alabama boosted its stake in shares of Charles Schwab by 13.0% during the 4th quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock worth $91,462,000 after acquiring an additional 152,967 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Up 0.9 %

NYSE:SCHW traded up $0.56 during trading hours on Thursday, hitting $62.78. The company had a trading volume of 6,086,435 shares, compared to its average volume of 8,019,643. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49. The company has a market cap of $111.58 billion, a P/E ratio of 26.27, a P/E/G ratio of 1.18 and a beta of 0.99. The company has a 50-day moving average of $70.29 and a 200 day moving average of $69.93. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69.

Charles Schwab (NYSE:SCHW) last released 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 firm had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.65%. Charles Schwab’s revenue was up .7% compared to the same quarter last year. During the same period last year, the business earned $0.75 earnings per share. Sell-side analysts expect that The Charles Schwab Co. will post 3.09 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Friday, August 9th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insider Buying and Selling

In other news, CEO Walter W. Bettinger acquired 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were purchased at an average price of $66.26 per share, for a total transaction of $1,656,500.00. Following the acquisition, the chief executive officer now owns 827,377 shares of the company’s stock, valued at $54,822,000.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Chairman Charles R. Schwab sold 65,360 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $76.89, for a total transaction of $5,025,530.40. Following the completion of the sale, the chairman now owns 60,741,536 shares in the company, valued at $4,670,416,703.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Walter W. Bettinger acquired 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were acquired at an average cost of $66.26 per share, for a total transaction of $1,656,500.00. Following the acquisition, the chief executive officer now directly owns 827,377 shares of the company’s stock, valued at $54,822,000.02. The disclosure for this purchase can be found here. Over the last three months, insiders sold 247,271 shares of company stock worth $17,567,508. Company insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of analyst reports. UBS Group reduced their price target on Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. 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 research report on Wednesday, July 17th. Keefe, Bruyette & Woods raised shares of Charles Schwab from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $76.00 to $84.00 in a report on Monday, July 8th. JPMorgan Chase & Co. decreased their price objective on shares of Charles Schwab from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Charles Schwab from $84.00 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $74.27.

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.