The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Crumly & Associates Inc.

Crumly & Associates Inc. increased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,425 shares of the financial services provider’s stock after acquiring an additional 230 shares during the period. Crumly & Associates Inc.’s holdings in Charles Schwab were worth $611,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SCHW. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab during the 3rd quarter valued at about $25,000. Country Trust Bank purchased a new position in Charles Schwab in the 2nd quarter valued at about $26,000. American Capital Advisory LLC purchased a new position in Charles Schwab in the 2nd quarter valued at about $27,000. Fortitude Family Office LLC lifted its stake in Charles Schwab by 97.5% in the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after buying an additional 192 shares in the last quarter. Finally, CGC Financial Services LLC purchased a new position in Charles Schwab in the 2nd quarter valued at about $29,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Up 1.3 %

SCHW stock opened at $73.89 on Friday. The firm has a market cap of $131.41 billion, a PE ratio of 28.86, a PEG ratio of 1.74 and a beta of 0.96. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The Charles Schwab Co. has a one year low of $53.49 and a one year high of $79.49. The firm’s 50 day moving average price is $67.24 and its 200-day moving average price is $69.52.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 earnings per share. On average, equities research analysts anticipate that The Charles Schwab Co. will post 3.11 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Friday, November 8th. Charles Schwab’s payout ratio is 39.06%.

Insider Buying and Selling at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.10, for a total transaction of $802,032.00. Following the sale, the director now owns 562,129 shares of the company’s stock, valued at approximately $36,594,597.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Charles R. Schwab sold 62,345 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the sale, the chairman now owns 60,619,371 shares of the company’s stock, valued at approximately $4,396,116,784.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.10, for a total value of $802,032.00. Following the sale, the director now directly owns 562,129 shares in the company, valued at $36,594,597.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 113,465 shares of company stock valued at $8,050,109 over the last quarter. 6.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of research reports. Wells Fargo & Company raised their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group raised their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. JMP Securities raised their price target on shares of Charles Schwab from $82.00 to $84.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 16th. TD Cowen reaffirmed a “hold” rating and issued a $71.00 price target (down from $88.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Charles Schwab from $77.00 to $76.00 in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.94.

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.