Quotient Wealth Partners LLC Lowers Position in The Charles Schwab Co. (NYSE:SCHW)

Quotient Wealth Partners LLC reduced its stake in The Charles Schwab Co. (NYSE:SCHW) by 16.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,134 shares of the financial services provider’s stock after selling 806 shares during the period. Quotient Wealth Partners LLC’s holdings in Charles Schwab were worth $268,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SCHW. Country Trust Bank purchased a new position in shares of Charles Schwab during the second quarter worth $26,000. American Capital Advisory LLC acquired a new position in Charles Schwab in the 2nd quarter valued at about $27,000. Fortitude Family Office LLC increased its stake in Charles Schwab by 97.5% during the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 192 shares during the period. CGC Financial Services LLC acquired a new stake in shares of Charles Schwab during the second quarter worth about $29,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of Charles Schwab in the second quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $61.96, for a total transaction of $557,640.00. Following the completion of the sale, the director now directly owns 567,057 shares of the company’s stock, valued at $35,134,851.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $61.96, for a total transaction of $557,640.00. Following the transaction, the director now directly owns 567,057 shares in the company, valued at $35,134,851.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul V. Woolway sold 1,150 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,035,032.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 98,856 shares of company stock worth $6,398,604. 6.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SCHW shares. UBS Group reduced their target price on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Jefferies Financial Group decreased their target price on Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a report on Friday, October 4th. Bank of America lowered their target price on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a research note on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft increased their price target on Charles Schwab from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $72.25.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $67.68 on Friday. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49. 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 firm has a market cap of $120.36 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 1.43 and a beta of 0.97. The stock’s 50-day moving average is $64.12 and its two-hundred day moving average is $69.56.

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

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a dividend of $0.25 per share. The ex-dividend date was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.48%. Charles Schwab’s payout ratio is 41.49%.

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.