West Oak Capital LLC Buys 3,607 Shares of The Charles Schwab Co. (NYSE:SCHW)

West Oak Capital LLC boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 11.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,572 shares of the financial services provider’s stock after purchasing an additional 3,607 shares during the period. West Oak Capital LLC’s holdings in Charles Schwab were worth $2,241,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SCHW. Massmutual Trust Co. FSB ADV increased its position in Charles Schwab by 18.3% during the first quarter. Massmutual Trust Co. FSB ADV now owns 4,621 shares of the financial services provider’s stock worth $334,000 after buying an additional 716 shares during the last quarter. Park Avenue Securities LLC raised its stake in Charles Schwab by 9.6% in the 1st quarter. Park Avenue Securities LLC now owns 28,890 shares of the financial services provider’s stock valued at $2,090,000 after acquiring an additional 2,519 shares during the period. Aprio Wealth Management LLC acquired a new stake in Charles Schwab during the 1st quarter valued at $206,000. &PARTNERS bought a new position in Charles Schwab during the first quarter worth $281,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Charles Schwab by 10.4% in the first quarter. International Assets Investment Management LLC now owns 12,135 shares of the financial services provider’s stock valued at $878,000 after purchasing an additional 1,141 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Performance

SCHW stock opened at $71.34 on Friday. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. 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 stock has a 50-day moving average price of $64.97 and a 200-day moving average price of $69.52. The firm has a market cap of $126.87 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 1.47 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. Charles Schwab’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 EPS. As a group, equities research analysts expect that The Charles Schwab Co. will post 3.06 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is currently 41.49%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SCHW shares. Piper Sandler boosted their price target on Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Charles Schwab from $77.00 to $76.00 in a research report on Tuesday. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley dropped their target price on shares of Charles Schwab from $70.00 to $68.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Finally, Wells Fargo & Company lifted their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $73.59.

Insiders Place Their Bets

In other news, Chairman Charles R. Schwab sold 67,386 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the transaction, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at $3,946,927,245.81. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Chairman Charles R. Schwab sold 67,386 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the completion of the sale, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at $3,946,927,245.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul V. Woolway sold 1,150 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $65.20, for a total transaction of $74,980.00. Following the completion of the transaction, the insider now directly owns 61,887 shares in the company, valued at approximately $4,035,032.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 182,001 shares of company stock worth $12,512,592. Corporate insiders own 6.60% of the company’s stock.

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.