Community Financial Services Group LLC Has $4.25 Million Stock Holdings in The Charles Schwab Corporation $SCHW

Community Financial Services Group LLC lessened its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 7.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 46,626 shares of the financial services provider’s stock after selling 3,797 shares during the quarter. Community Financial Services Group LLC’s holdings in Charles Schwab were worth $4,254,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Atwood & Palmer Inc. acquired a new stake in shares of Charles Schwab during the 1st quarter worth about $25,000. Westside Investment Management Inc. boosted its holdings in Charles Schwab by 75.0% in 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 period. CBIZ Investment Advisory Services LLC boosted its holdings in Charles Schwab by 97.9% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 191 shares during the period. Stone House Investment Management LLC bought a new stake in Charles Schwab in the 1st quarter valued at about $31,000. Finally, Activest Wealth Management boosted its holdings in Charles Schwab by 6,650.0% in the 1st quarter. Activest Wealth Management now owns 405 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 399 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity

In other Charles Schwab news, insider Paul V. Woolway sold 3,205 shares of the business’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 transaction of $305,116.00. Following the sale, the insider directly owned 37,983 shares of the company’s stock, valued at $3,615,981.60. The trade was a 7.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Walter W. Bettinger sold 173,876 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $98.84, for a total transaction of $17,185,903.84. Following the sale, the chairman directly owned 590,734 shares in the company, valued at $58,388,148.56. The trade was a 22.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 263,923 shares of company stock worth $25,932,955. Company insiders own 6.30% of the company’s stock.

Charles Schwab Trading Down 3.4%

Shares of Charles Schwab stock opened at $92.22 on Thursday. The firm has a market capitalization of $167.39 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 0.94 and a beta of 0.97. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $95.50 and its 200 day moving average is $88.36. The Charles Schwab Corporation has a 1 year low of $62.41 and a 1 year high of $99.59.

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

Charles Schwab announced that its board has authorized a share buyback program on Thursday, July 24th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 11.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 8th. Charles Schwab’s payout ratio is presently 29.03%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Redburn Atlantic upgraded shares of Charles Schwab from a “sell” rating to a “neutral” rating and boosted their target price for the company from $65.00 to $82.00 in a research report on Monday, June 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Charles Schwab from $114.00 to $113.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Zacks Research cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Raymond James Financial restated an “outperform” rating and issued a $99.00 target price on shares of Charles Schwab in a research report on Friday, July 18th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $102.00 to $108.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Sixteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $99.95.

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.