Childress Capital Advisors LLC Decreases Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Childress Capital Advisors LLC lessened its stake in The Charles Schwab Co. (NYSE:SCHW) by 5.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,323 shares of the financial services provider’s stock after selling 204 shares during the quarter. Childress Capital Advisors LLC’s holdings in Charles Schwab were worth $215,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCHW. Norden Group LLC acquired a new stake in shares of Charles Schwab in the first quarter valued at approximately $1,256,000. First Trust Direct Indexing L.P. increased its holdings in shares of Charles Schwab by 12.0% in the first quarter. First Trust Direct Indexing L.P. now owns 33,794 shares of the financial services provider’s stock valued at $2,445,000 after purchasing an additional 3,614 shares during the last quarter. Tempus Wealth Planning LLC increased its holdings in shares of Charles Schwab by 35.5% in the first quarter. Tempus Wealth Planning LLC now owns 4,703 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 1,231 shares during the last quarter. Marshall Financial Group LLC increased its stake in Charles Schwab by 15.3% during the first quarter. Marshall Financial Group LLC now owns 3,772 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 500 shares during the last quarter. Finally, Maryland State Retirement & Pension System increased its stake in Charles Schwab by 0.9% during the first quarter. Maryland State Retirement & Pension System now owns 116,372 shares of the financial services provider’s stock worth $8,425,000 after acquiring an additional 986 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Down 1.1 %

NYSE:SCHW opened at $71.10 on Thursday. The firm has a market cap of $126.36 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 1.65 and a beta of 0.97. The stock has a fifty day moving average price of $66.13 and a 200 day moving average price of $69.52. The Charles Schwab Co. has a 12-month low of $50.30 and a 12-month high of $79.49. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. Charles Schwab’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $0.77 earnings per share. Sell-side analysts anticipate that The Charles Schwab Co. will post 3.11 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insiders Place Their Bets

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the sale, the director now directly owns 554,929 shares of the company’s stock, valued at $35,543,202.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Charles R. Schwab sold 62,345 shares of Charles Schwab 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the sale, the director now owns 554,929 shares in the company, valued at $35,543,202.45. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,465 shares of company stock valued at $8,050,109 in the last ninety days. Insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SCHW shares. Cowen raised 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. Raymond James cut their target price on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. JMP Securities raised their target price on Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 16th. Bank of America cut their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research note on Wednesday, October 16th. Finally, Piper Sandler raised their target price on Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $73.94.

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.