ST Germain D J Co. Inc. Has $595,000 Stock Position in The Charles Schwab Co. (NYSE:SCHW)

ST Germain D J Co. Inc. lessened its stake in The Charles Schwab Co. (NYSE:SCHW) by 41.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,182 shares of the financial services provider’s stock after selling 6,590 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Charles Schwab were worth $595,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Country Trust Bank bought a new stake in Charles Schwab in the second quarter valued at approximately $26,000. American Capital Advisory LLC bought a new stake in Charles Schwab in the 2nd quarter valued at $27,000. Fortitude Family Office LLC lifted its holdings 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 valued at $29,000 after purchasing an additional 192 shares during the last quarter. CGC Financial Services LLC bought a new position in Charles Schwab during the second quarter worth $29,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of Charles Schwab in the second quarter valued at $29,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Trading Down 0.8 %

NYSE SCHW opened at $71.36 on Friday. The company has a market cap of $126.91 billion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 1.47 and a beta of 0.97. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The business’s fifty day moving average is $64.97 and its 200 day moving average is $69.51.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 earnings per share. As a group, sell-side analysts expect that The Charles Schwab Co. will post 3.06 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.40%. The ex-dividend date was Friday, August 9th. Charles Schwab’s dividend payout ratio is currently 41.49%.

Insiders Place Their Bets

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the completion of the sale, the director now owns 551,329 shares in the company, valued at approximately $39,783,900.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the firm’s 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 completion of the sale, the director now directly owns 551,329 shares of the company’s stock, valued at $39,783,900.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 67,386 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total value of $4,387,502.46. Following the transaction, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at approximately $3,946,927,245.81. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 182,001 shares of company stock worth $12,512,592. 6.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on SCHW. JMP Securities lifted their target price on shares of Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a report on Wednesday. Citigroup decreased their price objective on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, September 27th. Barclays lifted their target price on Charles Schwab from $64.00 to $74.00 and gave the stock an “equal weight” rating in a report on Wednesday. Cowen boosted their target price on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley dropped their price objective on shares of Charles Schwab from $70.00 to $68.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $73.59.

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.