Thompson Siegel & Walmsley LLC Sells 5,173 Shares of The Charles Schwab Co. (NYSE:SCHW)

Thompson Siegel & Walmsley LLC lowered its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,007 shares of the financial services provider’s stock after selling 5,173 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Charles Schwab were worth $9,875,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Country Trust Bank purchased a new stake in shares of Charles Schwab in the 2nd quarter worth approximately $26,000. American Capital Advisory LLC bought a new stake in Charles Schwab in the second quarter worth $27,000. Fortitude Family Office LLC boosted its holdings 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 worth $29,000 after acquiring an additional 192 shares in the last quarter. CGC Financial Services LLC purchased a new stake in shares of Charles Schwab in the second quarter worth $29,000. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of Charles Schwab during the second quarter valued at $29,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.6 %

SCHW stock opened at $62.12 on Monday. The company has a market cap of $110.48 billion, a price-to-earnings ratio of 25.99, a P/E/G ratio of 1.16 and a beta of 0.97. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The business’s 50-day moving average is $65.33 and its two-hundred day moving average is $70.07. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The firm had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 EPS. As a group, analysts forecast that The Charles Schwab Co. will post 3.05 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s payout ratio is 41.84%.

Insider Transactions at Charles Schwab

In related news, Chairman Charles R. Schwab sold 67,386 shares of Charles Schwab stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the transaction, the chairman now directly owns 60,619,371 shares in the company, valued at $3,946,927,245.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Charles Schwab news, Chairman Charles R. Schwab sold 67,386 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total value of $4,387,502.46. Following the completion of the transaction, the chairman now directly owns 60,619,371 shares in the company, valued at $3,946,927,245.81. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $72.49, for a total transaction of $652,410.00. Following the sale, the director now owns 570,657 shares in the company, valued at $41,366,925.93. The disclosure for this sale can be found here. Insiders sold 99,636 shares of company stock worth $6,533,064 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of analyst reports. JMP Securities dropped their price target on shares of Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating on the stock in a research note on Tuesday, July 23rd. UBS Group dropped their target price on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Morgan Stanley reduced their price target on shares of Charles Schwab from $71.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, August 16th. TD Cowen reaffirmed a “hold” rating and issued a $71.00 price objective (down from $88.00) on shares of Charles Schwab in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. cut their target price on Charles Schwab from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab has an average rating of “Hold” and a consensus target price of $73.75.

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.