The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its holdings in The Charles Schwab Co. (NYSE:SCHW) by 0.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 937,683 shares of the financial services provider’s stock after purchasing an additional 380 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.05% of Charles Schwab worth $69,398,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Washington Trust Advisors Inc. boosted its stake in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab in the third quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Charles Schwab in the third quarter worth approximately $31,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Charles Schwab in the third quarter worth approximately $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Charles Schwab in the third quarter worth approximately $33,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Bank of America lowered their price target on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 16th. JMP Securities reissued a “market outperform” rating and set a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. JPMorgan Chase & Co. boosted their price objective on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday. Raymond James lowered their price objective on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Finally, Morgan Stanley boosted their price objective on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.69.

Insiders Place Their Bets

In other news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the completion of the transaction, the director now directly owns 551,329 shares of the company’s stock, valued at approximately $39,783,900.64. This represents a 5.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 62,345 shares of the company’s stock in a transaction dated 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 transaction, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at approximately $4,396,116,784.92. This represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 118,968 shares of company stock worth $8,842,821 in the last quarter. 6.60% of the stock is owned by company insiders.

Charles Schwab Price Performance

SCHW stock opened at $72.79 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $129.54 billion, a PE ratio of 28.43, a P/E/G ratio of 1.76 and a beta of 0.99. The Charles Schwab Co. has a 12-month low of $59.67 and a 12-month high of $83.35. The business’s fifty day moving average price is $77.57 and its 200 day moving average price is $70.64.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 EPS. On average, sell-side analysts anticipate 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 was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.37%. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

Charles Schwab Company 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 in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.