Argus Investors Counsel Inc. Has $1.93 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Argus Investors Counsel Inc. cut its holdings in The Charles Schwab Co. (NYSE:SCHW) by 1.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,783 shares of the financial services provider’s stock after selling 529 shares during the period. Charles Schwab makes up approximately 1.3% of Argus Investors Counsel Inc.’s investment portfolio, making the stock its 28th largest position. Argus Investors Counsel Inc.’s holdings in Charles Schwab were worth $1,930,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Country Trust Bank acquired a new stake in Charles Schwab during the second quarter worth about $26,000. Fortitude Family Office LLC grew its stake in Charles Schwab by 97.5% during the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after buying an additional 192 shares in the last quarter. American Capital Advisory LLC acquired a new stake in Charles Schwab during the second quarter worth about $27,000. CGC Financial Services LLC bought a new position in shares of Charles Schwab in the second quarter worth about $29,000. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of Charles Schwab in the second quarter worth about $29,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SCHW. Jefferies Financial Group dropped their target price on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a report on Friday, October 4th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. The Goldman Sachs Group increased their target price 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. Keefe, Bruyette & Woods increased their target price on shares of Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Citigroup dropped their target price on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and an average price target of $73.59.

Charles Schwab Trading Down 0.1 %

Charles Schwab stock traded down $0.04 during mid-day trading on Tuesday, hitting $70.83. 1,183,112 shares of the stock were exchanged, compared to its average volume of 8,070,776. 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 Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49. The firm’s fifty day simple moving average is $65.16 and its two-hundred day simple moving average is $69.49. The stock has a market capitalization of $125.97 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.65 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the business earned $0.77 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. Analysts forecast that The Charles Schwab Co. will post 3.11 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.41%. Charles Schwab’s dividend payout ratio is currently 39.06%.

Insider Activity

In other news, Chairman Charles R. Schwab sold 67,386 shares of Charles Schwab 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 completion of the sale, the chairman now owns 60,619,371 shares in the company, valued at $3,946,927,245.81. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Chairman Charles R. Schwab sold 67,386 shares of Charles Schwab 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 completion of the sale, the chairman now owns 60,619,371 shares in the company, valued at $3,946,927,245.81. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction 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 sale, the insider now owns 61,887 shares of the company’s stock, valued at $4,035,032.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 182,001 shares of company stock worth $12,512,592 in the last quarter. 6.60% of the stock is owned by corporate insiders.

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.