Geneos Wealth Management Inc. Has $7.37 Million Stock Holdings in The Charles Schwab Corporation $SCHW

Geneos Wealth Management Inc. decreased its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 4.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,083 shares of the financial services provider’s stock after selling 4,895 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Charles Schwab were worth $7,365,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Atwood & Palmer Inc. acquired a new stake in Charles Schwab during the 1st quarter valued at $25,000. Westside Investment Management Inc. lifted its holdings in Charles Schwab by 75.0% during the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in Charles Schwab during the 1st quarter valued at $31,000. Activest Wealth Management increased its position in Charles Schwab by 6,650.0% during the 1st quarter. Activest Wealth Management now owns 405 shares of the financial services provider’s stock worth $32,000 after buying an additional 399 shares during the period. Finally, WFA Asset Management Corp bought a new position in Charles Schwab during the 1st quarter worth $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SCHW. Bank of America increased their price objective on Charles Schwab from $83.00 to $84.00 and gave the stock an “underperform” rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods increased their price objective on Charles Schwab from $102.00 to $108.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Wells Fargo & Company set a $102.00 price objective on Charles Schwab and gave the stock an “overweight” rating in a research report on Friday, July 18th. Piper Sandler increased their price objective on Charles Schwab from $80.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Finally, TD Securities increased their price objective on Charles Schwab from $95.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Sixteen analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Moderate Buy” and an average price target of $99.60.

Charles Schwab Stock Up 0.2%

SCHW stock opened at $93.66 on Wednesday. The company has a market cap of $170.01 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 0.92 and a beta of 0.96. The business has a 50-day simple moving average of $95.29 and a 200 day simple moving average of $86.52. The Charles Schwab Corporation has a 52 week low of $61.16 and a 52 week high of $99.59. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.47.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.04. The business had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.64 billion. Charles Schwab had a return on equity of 19.30% and a net margin of 33.68%.Charles Schwab’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 earnings per share. Sell-side analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, August 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 29.03%.

Charles Schwab announced that its board has authorized a share repurchase plan on Thursday, July 24th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 11.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Paul V. Woolway sold 3,205 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $95.20, for a total value of $305,116.00. Following the sale, the insider directly owned 37,983 shares in the company, valued at approximately $3,615,981.60. This trade represents a 7.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Peter J. Morgan III sold 50,016 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $97.00, for a total transaction of $4,851,552.00. The disclosure for this sale can be found here. Insiders sold a total of 298,214 shares of company stock worth $29,022,580 in the last quarter. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab 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.