HCR Wealth Advisors Has $841,000 Position in The Charles Schwab Co. (NYSE:SCHW)

HCR Wealth Advisors grew its holdings in The Charles Schwab Co. (NYSE:SCHW) by 2.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,974 shares of the financial services provider’s stock after purchasing an additional 254 shares during the period. HCR Wealth Advisors’ holdings in Charles Schwab were worth $841,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Country Trust Bank acquired a new stake in shares of Charles Schwab in the 2nd quarter valued at approximately $26,000. American Capital Advisory LLC acquired a new position in shares of Charles Schwab during the 2nd quarter worth about $27,000. Fortitude Family Office LLC raised its holdings in shares of Charles Schwab by 97.5% in the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the period. CGC Financial Services LLC acquired a new stake in Charles Schwab in the 2nd quarter valued at about $29,000. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of Charles Schwab during the 2nd quarter worth approximately $29,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW stock traded up $1.03 on Friday, hitting $67.68. 7,369,930 shares of the company’s stock were exchanged, compared to its average volume of 8,015,863. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49. 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 50 day moving average of $64.12 and a 200 day moving average of $69.56. The stock has a market cap of $120.36 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 1.43 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The firm’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 EPS. On average, equities research analysts predict that The Charles Schwab Co. will post 3.07 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors 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 1.48%. The ex-dividend date was Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is 41.49%.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several research analyst reports. Barclays dropped their price objective on shares of Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 17th. TD Cowen restated a “hold” rating and set a $71.00 price objective (down previously from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Piper Sandler lowered Charles Schwab from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $80.00 to $64.00 in a report on Monday, July 29th. Finally, The Goldman Sachs Group reduced their target price on shares of Charles Schwab from $71.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $72.25.

Insider Buying and Selling

In related news, insider Paul V. Woolway sold 1,150 shares of the firm’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 value of $74,980.00. Following the completion of the transaction, the insider now owns 61,887 shares in the company, valued at $4,035,032.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Paul V. Woolway sold 1,150 shares of the 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 in the company, valued at $4,035,032.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Richard A. Wurster purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was bought at an average cost of $62.05 per share, with a total value of $620,500.00. Following the purchase, the president now owns 144,228 shares of the company’s stock, valued at approximately $8,949,347.40. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 98,856 shares of company stock worth $6,398,604 in the last 90 days. Insiders own 6.60% of the company’s stock.

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.