Aptus Capital Advisors LLC Has $695,000 Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Aptus Capital Advisors LLC boosted its position in The Charles Schwab Co. (NYSE:SCHW) by 20.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,728 shares of the financial services provider’s stock after buying an additional 1,841 shares during the period. Aptus Capital Advisors LLC’s holdings in Charles Schwab were worth $695,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SCHW. Vanguard Group Inc. increased its position in shares of Charles Schwab by 0.9% during the first quarter. Vanguard Group Inc. now owns 120,963,133 shares of the financial services provider’s stock worth $8,750,473,000 after acquiring an additional 1,042,823 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Charles Schwab by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider’s stock worth $5,230,657,000 after purchasing an additional 2,946,327 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Charles Schwab by 2.1% in the second quarter. Legal & General Group Plc now owns 10,886,058 shares of the financial services provider’s stock valued at $802,193,000 after purchasing an additional 225,397 shares in the last quarter. Allen Investment Management LLC boosted its position in shares of Charles Schwab by 3.0% during the second quarter. Allen Investment Management LLC now owns 8,712,364 shares of the financial services provider’s stock valued at $642,014,000 after buying an additional 251,485 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in Charles Schwab by 8.9% during the first quarter. Lazard Asset Management LLC now owns 7,305,050 shares of the financial services provider’s stock worth $528,445,000 after buying an additional 596,589 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s 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 of the company’s stock, valued at $35,543,202.45. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,391,674.38. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,645 shares of company stock valued at $7,440,627. 6.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on SCHW. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday. 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 report 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. 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. Finally, The Goldman Sachs Group increased their price target on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research report 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 stock. According to MarketBeat.com, Charles Schwab has an average rating of “Hold” and a consensus price target of $74.18.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $80.19 on Friday. The firm has a market capitalization of $142.71 billion, a PE ratio of 31.32, a P/E/G ratio of 1.79 and a beta of 0.96. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $68.05 and a two-hundred day moving average price of $69.54. The Charles Schwab Co. has a twelve month low of $55.09 and a twelve month high of $82.50.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. Charles Schwab’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. Equities analysts forecast that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, November 8th. Charles Schwab’s dividend payout ratio is presently 39.06%.

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.