The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC reduced its position in The Charles Schwab Co. (NYSE:SCHW) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,343 shares of the financial services provider’s stock after selling 394 shares during the quarter. Jeppson Wealth Management LLC’s holdings in Charles Schwab were worth $1,425,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Country Trust Bank purchased a new position in Charles Schwab in the second quarter valued at $26,000. American Capital Advisory LLC acquired a new position in shares of Charles Schwab during the second quarter worth about $27,000. Fortitude Family Office LLC raised 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 acquiring an additional 192 shares in the last quarter. CGC Financial Services LLC purchased a new position in Charles Schwab in the second quarter worth approximately $29,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in Charles Schwab in the second quarter worth approximately $29,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

NYSE:SCHW traded up $0.30 during trading hours on Friday, reaching $63.99. 436,537 shares of the company’s stock were exchanged, compared to its average volume of 7,977,299. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $113.80 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 1.22 and a beta of 0.97. The company has a 50-day moving average of $66.66 and a 200 day moving average of $70.07.

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 analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the company posted $0.75 earnings per share. Research analysts anticipate that The Charles Schwab Co. will post 3.05 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Buying and Selling

In other news, insider Bernard J. Clark sold 8,164 shares of Charles Schwab stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $75.00, for a total value of $612,300.00. Following the sale, the insider now owns 121,666 shares of the company’s stock, valued at $9,124,950. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Charles Schwab news, insider Jonathan S. Beatty sold 780 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $75.00, for a total value of $58,500.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at $1,355,175. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bernard J. Clark sold 8,164 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $75.00, for a total transaction of $612,300.00. Following the sale, the insider now owns 121,666 shares in the company, valued at $9,124,950. The disclosure for this sale can be found here. Insiders sold a total of 107,800 shares of company stock valued at $7,145,364 over the last three months. 6.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SCHW shares. TD Cowen restated a “hold” rating and issued a $71.00 price objective (down from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft raised their price target on Charles Schwab from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Bank of America lowered their price objective on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a research report on Wednesday, July 17th. Morgan Stanley dropped their price objective on Charles Schwab from $71.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, August 16th. Finally, Barclays decreased their target price on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 17th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $74.00.

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.