The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Kampmann Melissa S.

Kampmann Melissa S. reduced its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.2% during the third quarter, HoldingsChannel reports. The firm owned 42,300 shares of the financial services provider’s stock after selling 525 shares during the quarter. Charles Schwab comprises about 1.9% of Kampmann Melissa S.’s holdings, making the stock its 28th largest holding. Kampmann Melissa S.’s holdings in Charles Schwab were worth $2,741,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Capital Wealth Partners LLC boosted its holdings in Charles Schwab by 7.6% in the third quarter. Legacy Capital Wealth Partners LLC now owns 8,290 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 586 shares during the last quarter. Eagle Bluffs Wealth Management LLC raised its position in shares of Charles Schwab by 1.2% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 38,808 shares of the financial services provider’s stock valued at $2,515,000 after purchasing an additional 457 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in shares of Charles Schwab by 0.4% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 138,813 shares of the financial services provider’s stock valued at $8,996,000 after buying an additional 488 shares during the last quarter. Carmel Capital Partners LLC grew its position in shares of Charles Schwab by 7.4% during the third quarter. Carmel Capital Partners LLC now owns 26,667 shares of the financial services provider’s stock worth $1,728,000 after buying an additional 1,832 shares in the last quarter. Finally, Bridges Investment Management Inc. increased its stake in shares of Charles Schwab by 27.6% in the third quarter. Bridges Investment Management Inc. now owns 28,140 shares of the financial services provider’s stock worth $1,824,000 after buying an additional 6,085 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SCHW has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Piper Sandler lifted their price target on Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Bank of America lowered their price objective on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a report on Wednesday, October 16th. JMP Securities increased their target price on Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 16th. Finally, 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 report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $73.94.

Charles Schwab Stock Up 1.3 %

SCHW opened at $73.90 on Friday. The stock’s 50 day moving average price is $67.24 and its 200 day moving average price is $69.52. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market cap of $131.43 billion, a P/E ratio of 28.87, a P/E/G ratio of 1.69 and a beta of 0.96. The Charles Schwab Co. has a 12 month low of $53.49 and a 12 month high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data 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. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 earnings per share. As a group, research analysts predict that The Charles Schwab Co. will post 3.11 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed 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. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the transaction, the director now directly 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 62,345 shares of Charles Schwab stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 60,619,371 shares in the company, valued at $4,396,116,784.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,465 shares of company stock worth $8,050,109 over the last quarter. 6.60% of the stock is currently owned by company insiders.

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.