Larson Financial Group LLC Boosts Holdings in The Charles Schwab Co. (NYSE:SCHW)

Larson Financial Group LLC boosted its stake in The Charles Schwab Co. (NYSE:SCHW) by 380.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,760 shares of the financial services provider’s stock after acquiring an additional 6,936 shares during the period. Larson Financial Group LLC’s holdings in Charles Schwab were worth $568,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Washington Trust Advisors Inc. grew its stake in 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 buying an additional 149 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Charles Schwab during the third quarter worth approximately $25,000. Country Trust Bank acquired a new position in shares of Charles Schwab in the 2nd quarter valued at $26,000. American Capital Advisory LLC purchased a new stake in Charles Schwab in the 2nd quarter valued at $27,000. Finally, Fortitude Family Office LLC boosted its stake in Charles Schwab by 97.5% during the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 192 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SCHW shares. Bank of America lowered their price target on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Barclays increased their price target on Charles Schwab from $64.00 to $74.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Wells Fargo & Company boosted their price objective on shares of 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 raised their target price on shares of Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Two 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 MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $74.18.

Insider Transactions at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the sale, the director now owns 551,329 shares of the company’s stock, valued at $39,783,900.64. This trade represents a 5.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 62,345 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were 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 of the company’s stock, valued at $4,396,116,784.92. The trade was a 0.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 112,929 shares of company stock valued at $8,196,624 in the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

NYSE SCHW opened at $81.77 on Tuesday. The business has a 50 day moving average price of $70.91 and a 200 day moving average price of $69.81. The company has a market capitalization of $145.52 billion, a P/E ratio of 31.94, a PEG ratio of 1.76 and a beta of 0.96. The Charles Schwab Co. has a 1-year low of $55.59 and a 1-year high of $82.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last announced its quarterly 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 16.92% and a net margin of 27.47%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the business posted $0.77 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts expect that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. Charles Schwab’s dividend payout ratio is presently 39.06%.

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.