Integrated Investment Consultants LLC Has $6.76 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Integrated Investment Consultants LLC grew its position in The Charles Schwab Co. (NYSE:SCHW) by 268.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,278 shares of the financial services provider’s stock after acquiring an additional 75,957 shares during the period. Integrated Investment Consultants LLC’s holdings in Charles Schwab were worth $6,758,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Alliance Wealth Advisors LLC grew its stake in shares of Charles Schwab by 2.7% during the third quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 142 shares during the last quarter. Washington Trust Advisors Inc. boosted its position in Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares during the last quarter. Arcataur Capital Management LLC increased its stake in shares of Charles Schwab by 2.3% in the 3rd quarter. Arcataur Capital Management LLC now owns 6,648 shares of the financial services provider’s stock valued at $431,000 after buying an additional 150 shares during the period. Tandem Capital Management Corp ADV raised its position in shares of Charles Schwab by 0.3% during the third quarter. Tandem Capital Management Corp ADV now owns 49,537 shares of the financial services provider’s stock worth $3,210,000 after acquiring an additional 150 shares during the last quarter. Finally, Ascent Wealth Partners LLC lifted its position in Charles Schwab by 0.7% during the 2nd quarter. Ascent Wealth Partners LLC now owns 23,361 shares of the financial services provider’s stock valued at $1,721,000 after purchasing an additional 164 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Charles Schwab

In other news, Chairman Charles R. Schwab sold 62,345 shares of the 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 directly owns 60,619,371 shares of the company’s stock, valued at approximately $4,396,116,784.92. This represents a 0.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the transaction, the director now directly owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 112,929 shares of company stock valued at $8,196,624. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Performance

NYSE SCHW opened at $80.46 on Thursday. The firm has a market capitalization of $143.19 billion, a P/E ratio of 31.43, a price-to-earnings-growth ratio of 1.74 and a beta of 0.96. The firm’s fifty day moving average price is $69.79 and its two-hundred day moving average price is $69.74. The Charles Schwab Co. has a 1 year low of $55.42 and a 1 year high of $82.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data 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. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period last year, the firm posted $0.77 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. As a group, research analysts anticipate that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Friday, November 8th. Charles Schwab’s payout ratio is 39.06%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. JMP Securities increased their price target on Charles Schwab from $82.00 to $84.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 16th. Wells Fargo & Company lifted their price objective on Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. increased their target price on Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group boosted their price objective on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Two equities 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.18.

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.