Court Place Advisors LLC Has $266,000 Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Court Place Advisors LLC reduced its position in The Charles Schwab Co. (NYSE:SCHW) by 4.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,100 shares of the financial services provider’s stock after selling 200 shares during the period. Court Place Advisors LLC’s holdings in Charles Schwab were worth $266,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nelson Capital Management LLC lifted its position in shares of Charles Schwab by 0.4% in the first quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider’s stock valued at $2,729,000 after buying an additional 141 shares during the last quarter. Abbrea Capital LLC lifted its holdings in Charles Schwab by 2.5% during the 1st quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 142 shares during the last quarter. Alliance Wealth Advisors LLC boosted its position in 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 worth $347,000 after purchasing an additional 142 shares during the period. Arcataur Capital Management LLC boosted its position in Charles Schwab by 2.3% during the third quarter. Arcataur Capital Management LLC now owns 6,648 shares of the financial services provider’s stock worth $431,000 after purchasing an additional 150 shares during the period. Finally, Ironwood Financial llc increased its holdings in shares of Charles Schwab by 1.6% in the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

SCHW has been the subject of several research analyst reports. Piper Sandler lifted their target price on shares of Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Raymond James decreased their target price on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods increased their target price on Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Wells Fargo & Company boosted their price target on Charles Schwab from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Charles Schwab from $77.00 to $76.00 in a research 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 given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $73.94.

Insider Activity

In related news, insider Paul V. Woolway sold 1,150 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $65.20, for a total transaction of $74,980.00. Following the completion of the transaction, the insider now directly owns 61,887 shares in the company, valued at $4,035,032.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Charles R. Schwab sold 67,386 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total value of $4,387,502.46. Following the completion of the transaction, the chairman now owns 60,619,371 shares of the company’s stock, valued at $3,946,927,245.81. 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. Also, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $65.20, for a total transaction of $74,980.00. Following the sale, the insider now owns 61,887 shares in the company, valued at approximately $4,035,032.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 182,001 shares of company stock worth $12,512,592. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE SCHW traded down $0.09 during trading hours on Friday, hitting $72.50. 447,188 shares of the stock were exchanged, compared to its average volume of 8,041,466. The company’s fifty day simple moving average is $65.45 and its two-hundred day simple moving average is $69.50. The company has a market cap of $128.85 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 1.63 and a beta of 0.97. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The Charles Schwab Co. has a 1-year low of $49.16 and a 1-year high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the business posted $0.77 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts predict that The Charles Schwab Co. will post 3.11 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

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.