Heritage Oak Wealth Advisors LLC Takes Position in The Charles Schwab Co. (NYSE:SCHW)

Heritage Oak Wealth Advisors LLC acquired a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,251 shares of the financial services provider’s stock, valued at approximately $276,000.

A number of other institutional investors also recently bought and sold shares of SCHW. Global Assets Advisory LLC bought a new position in Charles Schwab in the 1st quarter worth about $1,060,000. Dynamic Advisor Solutions LLC lifted its stake in Charles Schwab by 5.2% in the first quarter. Dynamic Advisor Solutions LLC now owns 17,826 shares of the financial services provider’s stock worth $1,290,000 after acquiring an additional 889 shares during the period. Brookstone Capital Management increased its position in Charles Schwab by 27.7% during the 1st quarter. Brookstone Capital Management now owns 10,928 shares of the financial services provider’s stock valued at $791,000 after purchasing an additional 2,372 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of Charles Schwab in the 1st quarter worth approximately $72,000. Finally, Thrive Wealth Management LLC raised its stake in Charles Schwab by 9.6% in the first quarter. Thrive Wealth Management LLC now owns 3,621 shares of the financial services provider’s stock worth $262,000 after buying an additional 317 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SCHW shares. Morgan Stanley raised their price objective on Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday. Piper Sandler raised their price target on shares of Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Barclays increased their target price on shares of Charles Schwab from $64.00 to $74.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Charles Schwab from $77.00 to $76.00 in a report on Tuesday, October 15th. Finally, Cowen boosted their target price on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $73.94.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of Charles Schwab stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the completion of the sale, the chairman now directly owns 60,619,371 shares in the company, valued at $4,396,116,784.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of Charles Schwab stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $72.16, for a total value of $2,150,368.00. Following the completion of the transaction, the director now directly owns 551,329 shares of the company’s stock, valued at $39,783,900.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the sale, the chairman now directly owns 60,619,371 shares in the company, valued at $4,396,116,784.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 182,001 shares of company stock valued at $12,512,592 over the last 90 days. 6.60% of the stock is owned by insiders.

Charles Schwab Price Performance

Charles Schwab stock traded down $0.31 during midday trading on Friday, reaching $72.28. The company had a trading volume of 1,062,699 shares, compared to its average volume of 8,044,439. The Charles Schwab Co. has a 12-month low of $49.16 and a 12-month high of $79.49. The firm’s fifty day simple moving average is $65.45 and its 200-day simple moving average is $69.50. 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 $128.46 billion, a P/E ratio of 30.37, a P/E/G ratio of 1.63 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. Charles Schwab’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. As a group, equities analysts anticipate that The Charles Schwab Co. will post 3.11 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.38%. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

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.