Credit Capital Investments LLC Makes New $272,000 Investment in The Charles Schwab Co. (NYSE:SCHW)

Credit Capital Investments LLC acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHW) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 4,200 shares of the financial services provider’s stock, valued at approximately $272,000. Charles Schwab makes up 0.3% of Credit Capital Investments LLC’s holdings, making the stock its 27th largest position.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of Charles Schwab by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider’s stock valued at $5,230,657,000 after purchasing an additional 2,946,327 shares in the last quarter. Darsana Capital Partners LP grew its position in shares of Charles Schwab by 200.0% in the second quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock valued at $221,070,000 after purchasing an additional 2,000,000 shares in the last quarter. AustralianSuper Pty Ltd grew its position in shares of Charles Schwab by 2,617.6% in the third quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock valued at $110,681,000 after purchasing an additional 1,644,931 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Charles Schwab in the first quarter valued at approximately $105,563,000. Finally, Westwood Holdings Group Inc. grew its position in shares of Charles Schwab by 231.2% in the first quarter. Westwood Holdings Group Inc. now owns 1,498,929 shares of the financial services provider’s stock valued at $108,433,000 after purchasing an additional 1,046,322 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SCHW shares. Citigroup dropped their price target on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, September 27th. Piper Sandler upped their price objective on Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods upped their price objective on Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, Cowen upped their price objective on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $74.18.

Insider Activity at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now owns 18,069 shares of the company’s stock, valued at $1,391,674.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now directly owns 18,069 shares in the company, valued at approximately $1,391,674.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 115,965 shares of company stock valued at $8,242,659 over the last quarter. 6.60% of the stock is owned by insiders.

Charles Schwab Stock Down 0.3 %

Shares of Charles Schwab stock traded down $0.20 during trading hours on Wednesday, reaching $77.99. 1,091,044 shares of the company were exchanged, compared to its average volume of 8,036,709. The Charles Schwab Co. has a 1 year low of $54.24 and a 1 year high of $79.49. The stock’s fifty day moving average is $67.76 and its 200 day moving average is $69.48. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.47. The firm has a market cap of $138.80 billion, a PE ratio of 30.55, a PEG ratio of 1.78 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share 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 business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the company earned $0.77 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts forecast that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

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 in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.