Valeo Financial Advisors LLC Cuts Position in The Charles Schwab Co. (NYSE:SCHW)

Valeo Financial Advisors LLC decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 1.0% during the third quarter, Holdings Channel reports. The firm owned 38,262 shares of the financial services provider’s stock after selling 406 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Charles Schwab were worth $2,480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Country Trust Bank purchased a new stake in shares of Charles Schwab during the second quarter worth $26,000. American Capital Advisory LLC purchased a new position in Charles Schwab in the second quarter valued at $27,000. Fortitude Family Office LLC raised its stake in Charles Schwab by 97.5% in the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after buying an additional 192 shares in the last quarter. CGC Financial Services LLC acquired a new stake in Charles Schwab in the second quarter valued at $29,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in Charles Schwab in the second quarter valued at $29,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Charles Schwab news, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Richard A. Wurster purchased 10,000 shares of Charles Schwab stock in a transaction dated Wednesday, July 17th. The shares were bought at an average price of $62.05 per share, with a total value of $620,500.00. Following the completion of the transaction, the president now owns 144,228 shares in the company, 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. In the last 90 days, insiders have sold 98,856 shares of company stock valued at $6,398,604. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Stock Performance

NYSE SCHW opened at $67.68 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The business’s 50-day moving average price is $64.12 and its 200 day moving average price is $69.55. The firm has a market cap of $120.29 billion, a P/E ratio of 28.32, a P/E/G ratio of 1.43 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.68 billion. During the same quarter last year, the company posted $0.75 earnings per share. The business’s revenue was up .7% on a year-over-year basis. On average, equities research analysts expect that The Charles Schwab Co. will post 3.07 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Charles Schwab from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a research note on Thursday, August 22nd. JPMorgan Chase & Co. cut their price target on Charles Schwab from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Citigroup cut their price target on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. Finally, Jefferies Financial Group dropped their price objective on Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, October 4th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $72.25.

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.