The Charles Schwab Co. (NYSE:SCHW) Stock Position Boosted by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its stake in The Charles Schwab Co. (NYSE:SCHWGet Rating) by 20.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,512 shares of the financial services provider’s stock after buying an additional 1,805 shares during the period. Avantax Advisory Services Inc.’s holdings in Charles Schwab were worth $756,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mizuho Securities Co. Ltd. bought a new position in Charles Schwab in the 3rd quarter valued at about $139,000. Brinker Capital Investments LLC boosted its position in shares of Charles Schwab by 13.4% during the 3rd quarter. Brinker Capital Investments LLC now owns 59,644 shares of the financial services provider’s stock valued at $4,287,000 after purchasing an additional 7,060 shares in the last quarter. Chapman Investment Management LLC boosted its position in shares of Charles Schwab by 3.1% during the 3rd quarter. Chapman Investment Management LLC now owns 86,203 shares of the financial services provider’s stock valued at $6,195,000 after purchasing an additional 2,632 shares in the last quarter. Sheets Smith Wealth Management boosted its position in shares of Charles Schwab by 27.8% during the 3rd quarter. Sheets Smith Wealth Management now owns 26,577 shares of the financial services provider’s stock valued at $1,910,000 after purchasing an additional 5,777 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its position in shares of Charles Schwab by 22.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 50,725 shares of the financial services provider’s stock valued at $3,646,000 after purchasing an additional 9,464 shares in the last quarter. Institutional investors own 73.49% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on SCHW. Citigroup began coverage on shares of Charles Schwab in a research report on Tuesday, October 11th. They set a “neutral” rating and a $83.00 price objective for the company. The Goldman Sachs Group upgraded shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $98.00 target price for the company in a report on Wednesday, January 4th. Bank of America cut shares of Charles Schwab from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $92.00 to $75.00 in a report on Thursday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Charles Schwab from $100.00 to $101.00 and gave the stock a “buy” rating in a report on Tuesday, November 15th. Finally, StockNews.com started coverage on shares of Charles Schwab in a report on Wednesday, October 12th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $93.00.

Charles Schwab Price Performance

NYSE SCHW opened at $77.03 on Monday. The company has a 50 day simple moving average of $80.95 and a 200-day simple moving average of $74.75. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $139.87 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 1.07 and a beta of 0.97. The Charles Schwab Co. has a 52-week low of $59.35 and a 52-week high of $96.24.

Charles Schwab (NYSE:SCHWGet Rating) last issued its quarterly earnings data on Wednesday, January 18th. The financial services provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.03). The business had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.55 billion. Charles Schwab had a net margin of 34.60% and a return on equity of 23.85%. Charles Schwab’s revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 EPS. Equities research analysts predict that The Charles Schwab Co. will post 4.69 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 25th. Investors of record on Friday, November 11th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.14%. The ex-dividend date was Wednesday, November 9th. Charles Schwab’s payout ratio is presently 25.14%.

Insider Activity at Charles Schwab

In related news, Chairman Charles R. Schwab sold 135,000 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $79.49, for a total transaction of $10,731,150.00. Following the transaction, the chairman now owns 69,184,882 shares of the company’s stock, valued at $5,499,506,270.18. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Chairman Charles R. Schwab sold 135,000 shares of Charles Schwab stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $79.49, for a total value of $10,731,150.00. Following the transaction, the chairman now owns 69,184,882 shares of the company’s stock, valued at $5,499,506,270.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 132,050 shares of Charles Schwab stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $78.29, for a total transaction of $10,338,194.50. Following the completion of the transaction, the chairman now directly owns 31,159,531 shares in the company, valued at approximately $2,439,479,681.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 652,437 shares of company stock valued at $51,766,622. 6.90% of the stock is currently owned by corporate insiders.

About Charles Schwab

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The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions.

See Also

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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