The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Professional Financial Advisors LLC

Professional Financial Advisors LLC increased its position in The Charles Schwab Co. (NYSE:SCHW) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,354 shares of the financial services provider’s stock after buying an additional 305 shares during the period. Professional Financial Advisors LLC’s holdings in Charles Schwab were worth $757,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Birch Capital Management LLC boosted its holdings in shares of Charles Schwab by 325.6% during the second quarter. Birch Capital Management LLC now owns 42,398 shares of the financial services provider’s stock worth $2,403,000 after purchasing an additional 32,437 shares during the last quarter. Marshall & Sullivan Inc. WA increased its stake in shares of Charles Schwab by 4.0% during the 2nd quarter. Marshall & Sullivan Inc. WA now owns 79,569 shares of the financial services provider’s stock valued at $4,510,000 after acquiring an additional 3,090 shares during the last quarter. Royal Fund Management LLC boosted its position in shares of Charles Schwab by 25.6% in the second quarter. Royal Fund Management LLC now owns 17,142 shares of the financial services provider’s stock worth $972,000 after acquiring an additional 3,495 shares during the last quarter. Heron Bay Capital Management raised its stake in Charles Schwab by 69.2% during the second quarter. Heron Bay Capital Management now owns 304,807 shares of the financial services provider’s stock worth $17,276,000 after purchasing an additional 124,637 shares during the period. Finally, Occidental Asset Management LLC boosted its holdings in shares of Charles Schwab by 42.0% in the 2nd quarter. Occidental Asset Management LLC now owns 28,912 shares of the financial services provider’s stock valued at $1,639,000 after purchasing an additional 8,547 shares during the last quarter. Hedge funds and other institutional investors own 81.61% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $57.87 on Tuesday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. The firm’s 50 day moving average is $61.68 and its two-hundred day moving average is $57.11. The firm has a market capitalization of $102.44 billion, a P/E ratio of 16.87, a PEG ratio of 1.95 and a beta of 0.92. The Charles Schwab Co. has a 52 week low of $45.00 and a 52 week high of $86.63.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The business had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Charles Schwab had a net margin of 33.15% and a return on equity of 27.54%. The company’s revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 earnings per share. Analysts anticipate that The Charles Schwab Co. will post 3.27 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Thursday, August 10th. Charles Schwab’s dividend payout ratio (DPR) is presently 29.15%.

Wall Street Analyst Weigh In

SCHW has been the topic of several research reports. Jefferies Financial Group increased their target price on Charles Schwab from $64.00 to $66.00 in a research report on Monday, July 10th. UBS Group lifted their price objective on Charles Schwab from $67.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 24th. Argus upped their price target on shares of Charles Schwab from $70.00 to $81.00 in a research report on Wednesday, July 19th. JMP Securities raised their price objective on Charles Schwab from $73.00 to $77.00 in a research report on Wednesday, July 19th. Finally, Bank of America upped their target price on Charles Schwab from $46.00 to $53.00 in a research report on Thursday, June 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Charles Schwab presently has an average rating of “Moderate Buy” and an average price target of $72.28.

Insider Transactions at Charles Schwab

In related news, Chairman Charles R. Schwab sold 75,760 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $66.60, for a total transaction of $5,045,616.00. Following the completion of the transaction, the chairman now owns 59,672,778 shares of the company’s stock, valued at $3,974,207,014.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, General Counsel Peter J. Morgan III sold 8,000 shares of Charles Schwab stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $59.61, for a total value of $476,880.00. Following the transaction, the general counsel now directly owns 8,014 shares of the company’s stock, valued at $477,714.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 75,760 shares of Charles Schwab stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $66.60, for a total value of $5,045,616.00. Following the transaction, the chairman now owns 59,672,778 shares in the company, valued at approximately $3,974,207,014.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 155,807 shares of company stock valued at $10,325,149. Corporate insiders own 6.60% of the company’s stock.

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. The company operates in two segments, Investor Services and Advisor Services.