Greystone Financial Group LLC Buys 7,582 Shares of The Charles Schwab Co. (NYSE:SCHW)

Greystone Financial Group LLC lifted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 88.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 16,155 shares of the financial services provider’s stock after acquiring an additional 7,582 shares during the quarter. Greystone Financial Group LLC’s holdings in Charles Schwab were worth $1,047,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SCHW. Country Trust Bank acquired a new stake in Charles Schwab during the second quarter worth about $26,000. American Capital Advisory LLC purchased a new position in Charles Schwab during the second quarter worth approximately $27,000. Fortitude Family Office LLC lifted its position in shares of 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 acquiring an additional 192 shares in the last quarter. CGC Financial Services LLC purchased a new position in Charles Schwab during the second quarter worth approximately $29,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in Charles Schwab during the second quarter worth about $29,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW opened at $71.71 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market cap of $127.53 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.65 and a beta of 0.97. The company has a 50-day moving average of $65.45 and a two-hundred day moving average of $69.50. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. On average, equities research analysts expect that The Charles Schwab Co. will post 3.11 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.39%. Charles Schwab’s dividend payout ratio (DPR) is currently 39.06%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” 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. UBS Group reduced their price objective on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Charles Schwab from $77.00 to $76.00 in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group lifted their target price on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $73.59.

Insiders Place Their Bets

In other Charles Schwab news, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $65.20, for a total transaction of $74,980.00. Following the sale, the insider now owns 61,887 shares in the company, valued at $4,035,032.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.10, for a total transaction of $802,032.00. Following the transaction, the director now owns 562,129 shares in the company, valued at $36,594,597.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul V. Woolway sold 1,150 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $65.20, for a total value of $74,980.00. Following the sale, the insider now directly owns 61,887 shares of the company’s stock, valued at $4,035,032.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 182,001 shares of company stock worth $12,512,592 over the last 90 days. Corporate insiders own 6.60% of the company’s stock.

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.