93,827 Shares in The Charles Schwab Co. (NYSE:SCHW) Bought by Radnor Capital Management LLC

Radnor Capital Management LLC purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 93,827 shares of the financial services provider’s stock, valued at approximately $6,081,000. Charles Schwab makes up 0.9% of Radnor Capital Management LLC’s portfolio, making the stock its 16th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHW. Country Trust Bank acquired a new position in Charles Schwab in the second quarter valued at $26,000. Fortitude Family Office LLC increased 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 purchasing an additional 192 shares during the period. American Capital Advisory LLC acquired a new position in Charles Schwab in the second quarter valued at $27,000. CGC Financial Services LLC acquired a new position in Charles Schwab in the second quarter valued at $29,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in Charles Schwab in the second quarter valued at $29,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $71.33 on Wednesday. The Charles Schwab Co. has a one year low of $53.49 and a one year high of $79.49. The company has a 50 day moving average price of $66.67 and a 200 day moving average price of $69.45. The firm has a market capitalization of $126.86 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate 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 net margin of 27.47% and a return on equity of 17.52%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. Sell-side analysts anticipate that The Charles Schwab Co. will post 3.11 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.40%. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

Insider Buying and Selling at Charles Schwab

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Charles Schwab from $64.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Bank of America dropped their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 16th. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Piper Sandler boosted their price target on shares of Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Charles Schwab from $77.00 to $76.00 in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and an average price target of $73.94.

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.