Goodman Financial Corp Purchases 4,026 Shares of The Charles Schwab Co. (NYSE:SCHW)

Goodman Financial Corp lifted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 208,988 shares of the financial services provider’s stock after buying an additional 4,026 shares during the quarter. Charles Schwab makes up 3.0% of Goodman Financial Corp’s holdings, making the stock its 16th largest holding. Goodman Financial Corp’s holdings in Charles Schwab were worth $13,544,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Washington Trust Advisors Inc. raised its position in shares of Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Charles Schwab during the third quarter valued at $25,000. Country Trust Bank purchased a new position in shares of Charles Schwab in the second quarter worth about $26,000. American Capital Advisory LLC purchased a new stake in shares of Charles Schwab in the 2nd quarter valued at $27,000. Finally, Fortitude Family Office LLC boosted its holdings in Charles Schwab by 97.5% in the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on SCHW. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Citigroup decreased their price objective on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, September 27th. Raymond James reduced their price target on Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Morgan Stanley boosted their price objective on Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group lifted 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $74.18.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the sale, the director now directly owns 554,929 shares in the company, valued at $35,543,202.45. This represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 62,345 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the completion of the transaction, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at approximately $4,396,116,784.92. The trade was a 0.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 112,929 shares of company stock worth $8,196,624. 6.60% of the stock is currently owned by insiders.

Charles Schwab Trading Up 0.1 %

Shares of Charles Schwab stock opened at $81.82 on Tuesday. The stock has a 50 day moving average of $70.91 and a 200 day moving average of $69.81. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market capitalization of $145.61 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 1.76 and a beta of 0.96. The Charles Schwab Co. has a fifty-two week low of $55.59 and a fifty-two week high of $82.50.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the company earned $0.77 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, research analysts predict that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

Charles Schwab 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.