The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Aspiriant LLC

Aspiriant LLC lowered its stake in The Charles Schwab Co. (NYSE:SCHW) by 1.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 25,318 shares of the financial services provider’s stock after selling 500 shares during the quarter. Aspiriant LLC’s holdings in Charles Schwab were worth $1,641,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Nelson Capital Management LLC boosted its stake in Charles Schwab by 0.4% during the 1st quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider’s stock worth $2,729,000 after purchasing an additional 141 shares during the last quarter. Abbrea Capital LLC raised its holdings in shares of Charles Schwab by 2.5% during the 1st quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 142 shares during the period. Alliance Wealth Advisors LLC raised its holdings in shares of Charles Schwab by 2.7% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 142 shares during the period. Ironwood Financial llc raised its holdings in shares of Charles Schwab by 1.6% during the 1st quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock worth $737,000 after acquiring an additional 160 shares during the period. Finally, Ascent Wealth Partners LLC raised its holdings in shares of Charles Schwab by 0.7% during the 2nd quarter. Ascent Wealth Partners LLC now owns 23,361 shares of the financial services provider’s stock worth $1,721,000 after acquiring an additional 164 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Down 0.9 %

Shares of Charles Schwab stock traded down $0.64 on Friday, reaching $71.27. 2,593,841 shares of the company were exchanged, compared to its average volume of 8,085,456. 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 $126.75 billion, a P/E ratio of 29.83, a price-to-earnings-growth ratio of 1.47 and a beta of 0.97. 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 stock’s 50 day moving average price is $64.80 and its 200-day moving average price is $69.53.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. As a group, equities analysts forecast that The Charles Schwab Co. will post 3.06 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is 41.49%.

Insider Activity at Charles Schwab

In related news, Chairman Charles R. Schwab sold 67,386 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total value of $4,387,502.46. Following the completion of the transaction, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at $3,946,927,245.81. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the sale, the chairman now owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 67,386 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total value of $4,387,502.46. Following the completion of the sale, the chairman now owns 60,619,371 shares of the company’s stock, valued at approximately $3,946,927,245.81. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 152,201 shares of company stock valued at $10,362,224 over the last three months. 6.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several analyst reports. Morgan Stanley reduced their price target on Charles Schwab from $70.00 to $68.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. UBS Group reduced their price target on Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. TD Cowen restated a “hold” rating and issued a $71.00 price objective (down from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Citigroup reduced their price objective on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Charles Schwab from $77.00 to $76.00 in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $73.59.

About Charles Schwab

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.