RAM Investment Partners LLC Has $239,000 Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

RAM Investment Partners LLC trimmed its holdings in The Charles Schwab Co. (NYSE:SCHW) by 34.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,246 shares of the financial services provider’s stock after selling 1,694 shares during the period. RAM Investment Partners LLC’s holdings in Charles Schwab were worth $239,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in shares of Charles Schwab by 5.9% during the 4th quarter. International Assets Investment Management LLC now owns 10,994 shares of the financial services provider’s stock worth $756,000 after acquiring an additional 612 shares in the last quarter. Transcend Capital Advisors LLC boosted its position in Charles Schwab by 25.3% during the fourth quarter. Transcend Capital Advisors LLC now owns 5,846 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 1,180 shares during the period. Steele Capital Management Inc. acquired a new position in Charles Schwab during the fourth quarter valued at approximately $202,000. Kestra Private Wealth Services LLC raised its position in shares of Charles Schwab by 19.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 12,398 shares of the financial services provider’s stock valued at $853,000 after purchasing an additional 2,006 shares during the period. Finally, MONECO Advisors LLC bought a new position in shares of Charles Schwab in the fourth quarter valued at approximately $241,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW traded up $0.17 during mid-day trading on Friday, reaching $65.10. The company had a trading volume of 6,128,549 shares, compared to its average volume of 8,059,975. 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 company has a market capitalization of $115.70 billion, a P/E ratio of 27.24, a P/E/G ratio of 1.24 and a beta of 0.99. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49. The company’s 50-day moving average is $67.58 and its 200-day moving average is $70.05.

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. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same period in the prior year, the company posted $0.75 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts anticipate that The Charles Schwab Co. will post 3.06 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently announced 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 1.54%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s payout ratio is presently 41.84%.

Insider Activity

In related news, insider Bernard J. Clark sold 8,164 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $75.00, for a total value of $612,300.00. Following the completion of the sale, the insider now owns 121,666 shares of the company’s stock, valued at $9,124,950. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Charles Schwab news, Chairman Charles R. Schwab sold 67,386 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the transaction, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $3,946,927,245.81. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bernard J. Clark sold 8,164 shares of Charles Schwab stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $75.00, for a total transaction of $612,300.00. Following the sale, the insider now owns 121,666 shares of the company’s stock, valued at approximately $9,124,950. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 107,800 shares of company stock worth $7,145,364. 6.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Piper Sandler downgraded shares of Charles Schwab from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $80.00 to $64.00 in a report on Monday, July 29th. JMP Securities decreased their price target on shares of Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Charles Schwab from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Barclays decreased their target price on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 17th. Finally, Morgan Stanley dropped their price target on Charles Schwab from $71.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $74.00.

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.