SJS Investment Consulting Inc. Raises Position in The Charles Schwab Co. (NYSE:SCHW)

SJS Investment Consulting Inc. raised its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 1,236.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 548 shares of the financial services provider’s stock after acquiring an additional 507 shares during the quarter. SJS Investment Consulting Inc.’s holdings in Charles Schwab were worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Beacon Capital Management LLC purchased a new position in shares of Charles Schwab during the 1st quarter valued at $25,000. Your Advocates Ltd. LLP purchased a new position in shares of Charles Schwab during the 1st quarter valued at $25,000. Carolina Wealth Advisors LLC lifted its stake in shares of Charles Schwab by 54.8% during the 1st quarter. Carolina Wealth Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Charles Schwab during the 1st quarter valued at $30,000. Finally, Rocky Mountain Advisers LLC lifted its stake in shares of Charles Schwab by 704.2% during the 1st quarter. Rocky Mountain Advisers LLC now owns 571 shares of the financial services provider’s stock valued at $30,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 81.61% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 75,760 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $66.60, for a total value of $5,045,616.00. Following the completion of the sale, the chairman now directly owns 59,672,778 shares of the company’s stock, valued at approximately $3,974,207,014.80. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Chairman Charles R. Schwab sold 75,760 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $66.60, for a total value of $5,045,616.00. Following the completion of the sale, the chairman now owns 59,672,778 shares of the company’s stock, valued at approximately $3,974,207,014.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 72,047 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $66.66, for a total transaction of $4,802,653.02. Following the completion of the sale, the chairman now directly owns 59,748,538 shares of the company’s stock, valued at approximately $3,982,837,543.08. The disclosure for this sale can be found here. Insiders sold a total of 155,807 shares of company stock valued at $10,325,149 in the last three months. Company insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of research reports. UBS Group lifted their price target on shares of Charles Schwab from $67.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 24th. The Goldman Sachs Group lifted their price target on shares of Charles Schwab from $71.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, July 20th. Morgan Stanley lifted their price target on shares of Charles Schwab from $68.00 to $71.00 and gave the company an “equal weight” rating in a report on Friday, July 28th. Citigroup lifted their price target on shares of Charles Schwab from $65.00 to $75.00 in a report on Wednesday, July 19th. Finally, JMP Securities lifted their price target on shares of Charles Schwab from $73.00 to $77.00 in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $72.28.

Charles Schwab Trading Down 0.7 %

Shares of SCHW stock traded down $0.41 during trading hours on Tuesday, reaching $57.45. 2,336,564 shares of the stock were exchanged, compared to its average volume of 16,695,994. The Charles Schwab Co. has a 12-month low of $45.00 and a 12-month high of $86.63. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $61.68 and its 200-day moving average price is $57.11. The firm has a market capitalization of $101.70 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 1.95 and a beta of 0.92.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. Charles Schwab had a net margin of 33.15% and a return on equity of 27.54%. The firm had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.61 billion. During the same period in the previous year, the company earned $0.97 EPS. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that The Charles Schwab Co. will post 3.27 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were given a $0.25 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.00 annualized dividend and a yield of 1.74%. Charles Schwab’s dividend payout ratio (DPR) is 29.15%.

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. The company operates in two segments, Investor Services and Advisor Services.