The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC lowered its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 21.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,949 shares of the financial services provider’s stock after selling 1,349 shares during the period. Arete Wealth Advisors LLC’s holdings in Charles Schwab were worth $321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Washington Trust Advisors Inc. raised its position in shares of Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Charles Schwab during the 3rd quarter worth approximately $25,000. American Capital Advisory LLC acquired a new position in shares of Charles Schwab during the 2nd quarter worth approximately $27,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Charles Schwab during the 2nd quarter worth approximately $29,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of Charles Schwab during the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Down 4.0 %

SCHW stock opened at $79.54 on Friday. The company has a market cap of $141.55 billion, a price-to-earnings ratio of 31.07, a PEG ratio of 1.79 and a beta of 0.96. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $75.84 and a 200-day simple moving average of $70.46. The Charles Schwab Co. has a 52 week low of $59.67 and a 52 week high of $83.35.

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

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on Charles Schwab from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday. Barclays upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $74.00 to $95.00 in a research report on Monday, December 9th. Piper Sandler lifted their price objective on Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Jefferies Financial Group boosted their price target on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Keefe, Bruyette & Woods boosted their price target on Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $79.75.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the sale, the director now directly owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. This represents a 1.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 127,968 shares of company stock valued at $9,419,271. Company insiders own 6.60% of the company’s stock.

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.