Hazlett Burt & Watson Inc. Buys New Position in The Charles Schwab Co. (NYSE:SCHW)

Hazlett Burt & Watson Inc. purchased a new stake in The Charles Schwab Co. (NYSE:SCHW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 514 shares of the financial services provider’s stock, valued at approximately $33,000.

Other hedge funds also recently bought and sold shares of the company. Country Trust Bank purchased a new stake in shares of Charles Schwab during the 2nd quarter worth approximately $26,000. American Capital Advisory LLC purchased a new stake in Charles Schwab during the 2nd quarter worth $27,000. Fortitude Family Office LLC lifted its position in shares of Charles Schwab by 97.5% during the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. CGC Financial Services LLC bought a new position in Charles Schwab during the 2nd quarter worth $29,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in Charles Schwab in the second quarter worth about $29,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity

In related news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.10, for a total transaction of $802,032.00. Following the completion of the sale, the director now owns 562,129 shares in the company, valued at approximately $36,594,597.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.10, for a total transaction of $802,032.00. Following the completion of the transaction, the director now directly owns 562,129 shares of the company’s stock, valued at $36,594,597.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Charles R. Schwab sold 62,345 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value of $4,521,259.40. Following the sale, the chairman now owns 60,619,371 shares of the company’s stock, valued at $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 a total of 113,465 shares of company stock valued at $8,050,109 over the last ninety days. 6.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Charles Schwab from $77.00 to $76.00 in a research note on Tuesday, October 15th. UBS Group lowered their target price on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Wells Fargo & Company lifted their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Morgan Stanley boosted their target price on Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Finally, StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and an average price target of $73.94.

Charles Schwab Stock Up 0.0 %

NYSE:SCHW opened at $70.96 on Tuesday. 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 stock has a 50-day simple moving average of $66.52 and a 200 day simple moving average of $69.47. The Charles Schwab Co. has a 52-week low of $53.49 and a 52-week high of $79.49. The company has a market cap of $126.20 billion, a PE ratio of 27.72, a PEG ratio of 1.63 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the firm posted $0.77 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts expect that The Charles Schwab Co. will post 3.11 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.41%. The ex-dividend date is Friday, November 8th. Charles Schwab’s payout ratio is currently 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.