The Charles Schwab Co. (NYSE:SCHW) Holdings Raised by Spectrum Financial Alliance Ltd LLC

Spectrum Financial Alliance Ltd LLC increased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,582 shares of the financial services provider’s stock after acquiring an additional 1,762 shares during the period. Charles Schwab comprises 3.6% of Spectrum Financial Alliance Ltd LLC’s investment portfolio, making the stock its 8th biggest position. Spectrum Financial Alliance Ltd LLC’s holdings in Charles Schwab were worth $10,138,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Country Trust Bank purchased a new position in Charles Schwab in the second quarter valued at $26,000. Fortitude Family Office LLC lifted its stake in 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 acquired a new position in Charles Schwab in the second quarter valued at approximately $29,000. Tributary Capital Management LLC acquired a new stake in Charles Schwab during the first quarter worth approximately $31,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Charles Schwab during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other news, insider Bernard J. Clark sold 77,431 shares of Charles Schwab stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total value of $5,492,955.14. Following the completion of the sale, the insider now owns 121,666 shares of the company’s stock, valued at $8,630,986.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Walter W. Bettinger purchased 25,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were bought at an average price of $66.26 per share, with a total value of $1,656,500.00. Following the completion of the purchase, the chief executive officer now directly owns 827,377 shares in the company, valued at approximately $54,822,000.02. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bernard J. Clark sold 77,431 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the sale, the insider now directly owns 121,666 shares of the company’s stock, valued at $8,630,986.04. The disclosure for this sale can be found here. In the last three months, insiders sold 172,911 shares of company stock worth $11,836,288. Insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE:SCHW traded down $0.09 on Monday, hitting $65.46. The company had a trading volume of 1,353,697 shares, compared to its average volume of 7,982,734. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The company has a market cap of $116.42 billion, a PE ratio of 27.43, a PEG ratio of 1.23 and a beta of 0.99. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The business has a 50 day moving average of $69.14 and a 200 day moving average of $70.02.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.75 EPS. As a group, equities analysts anticipate that The Charles Schwab Co. will post 3.06 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be issued a $0.25 dividend. The ex-dividend date is Friday, August 9th. This represents a $1.00 annualized dividend and a yield of 1.53%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JMP Securities cut their price target on shares of Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating on the stock in a research note on Tuesday, July 23rd. StockNews.com downgraded Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday. TD Cowen reaffirmed a “hold” rating and issued a $71.00 target price (down from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods upgraded Charles Schwab from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $76.00 to $84.00 in a research report on Monday, July 8th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $74.27.

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.