Trust Co. of Vermont Makes New Investment in The Charles Schwab Corporation $SCHW

Trust Co. of Vermont purchased a new stake in The Charles Schwab Corporation (NYSE:SCHW) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 25,718 shares of the financial services provider’s stock, valued at approximately $2,373,000.

Other hedge funds also recently made changes to their positions in the company. Souders Financial Advisors increased its stake in Charles Schwab by 2.3% in the fourth quarter. Souders Financial Advisors now owns 4,341 shares of the financial services provider’s stock valued at $434,000 after acquiring an additional 98 shares during the period. Essex Financial Services Inc. lifted its stake in Charles Schwab by 0.8% during the fourth quarter. Essex Financial Services Inc. now owns 12,833 shares of the financial services provider’s stock worth $1,282,000 after purchasing an additional 105 shares during the period. Sheets Smith Wealth Management lifted its stake in Charles Schwab by 0.7% during the first quarter. Sheets Smith Wealth Management now owns 14,521 shares of the financial services provider’s stock worth $1,365,000 after purchasing an additional 108 shares during the period. Acorn Financial Advisory Services Inc. ADV boosted its holdings in Charles Schwab by 4.5% during the fourth quarter. Acorn Financial Advisory Services Inc. ADV now owns 2,536 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 110 shares in the last quarter. Finally, Interchange Capital Partners LLC boosted its holdings in Charles Schwab by 2.8% during the fourth quarter. Interchange Capital Partners LLC now owns 4,104 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of NYSE:SCHW opened at $110.75 on Tuesday. The business has a fifty day moving average of $99.86 and a 200-day moving average of $95.89. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.64. The Charles Schwab Corporation has a twelve month low of $83.96 and a twelve month high of $111.64. The firm has a market cap of $191.52 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 0.85 and a beta of 0.76.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.06. The business had revenue of $7.07 billion for the quarter, compared to the consensus estimate of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.53%. The firm’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS. On average, equities research analysts predict that The Charles Schwab Corporation will post 6.46 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.2%. Charles Schwab’s payout ratio is currently 23.27%.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several analyst reports. UBS Group set a $135.00 price objective on Charles Schwab in a research note on Monday, August 3rd. Piper Sandler set a $118.00 target price on Charles Schwab in a research report on Tuesday, July 21st. Compass Point began coverage on Charles Schwab in a research note on Monday, August 3rd. They issued a “buy” rating and a $135.00 price target on the stock. Barclays upped their price target on Charles Schwab from $122.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Finally, BMO Capital Markets lowered Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price objective for the company. in a research note on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.17.

Insider Activity at Charles Schwab

In other news, insider Dennis Howard sold 28,000 shares of Charles Schwab stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $105.01, for a total value of $2,940,280.00. Following the completion of the sale, the insider directly owned 10,470 shares of the company’s stock, valued at approximately $1,099,454.70. This trade represents a 72.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Walter W. Bettinger sold 192,488 shares of Charles Schwab stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $103.90, for a total value of $19,999,503.20. Following the completion of the sale, the chairman owned 529,346 shares of the company’s stock, valued at approximately $54,999,049.40. The trade was a 26.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 397,984 shares of company stock valued at $41,588,239 in the last three months. 6.30% of the stock is currently owned by corporate insiders.

About Charles Schwab

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.