The Charles Schwab Corporation $SCHW Shares Acquired by Ethic Inc.

Ethic Inc. raised its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 213,967 shares of the financial services provider’s stock after acquiring an additional 9,628 shares during the period. Ethic Inc.’s holdings in Charles Schwab were worth $20,913,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Compass Financial Management LLC bought a new position in shares of Charles Schwab in the second quarter worth about $27,000. Scarborough Advisors LLC acquired a new stake in shares of Charles Schwab in the 1st quarter valued at approximately $29,000. Main Street Group LTD acquired a new stake in shares of Charles Schwab in the 1st quarter valued at approximately $33,000. Mascoma Wealth Management LLC grew its holdings in shares of Charles Schwab by 71.6% during the 3rd quarter. Mascoma Wealth Management LLC now owns 374 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 156 shares during the last quarter. Finally, GK Wealth Management LLC bought a new stake in shares of Charles Schwab during the 3rd quarter valued at approximately $41,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

Charles Schwab stock opened at $91.56 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $158.33 billion, a PE ratio of 15.62, a P/E/G ratio of 0.81 and a beta of 0.77. The Charles Schwab Corporation has a 12 month low of $83.96 and a 12 month high of $114.53. The stock has a 50-day moving average price of $98.51 and a two-hundred day moving average price of $97.39.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The firm had revenue of $7.17 billion for the quarter, compared to analyst estimates of $7.18 billion. Charles Schwab had a return on equity of 25.79% and a net margin of 39.33%. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period last year, the firm posted $1.31 earnings per share. Analysts expect that The Charles Schwab Corporation will post 6.41 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, November 13th. Charles Schwab’s dividend payout ratio (DPR) is 21.84%.

Insider Buying and Selling at Charles Schwab

In related news, insider Dennis Howard sold 2,198 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $110.00, for a total value of $241,780.00. Following the completion of the transaction, the insider owned 6,980 shares in the company, valued at $767,800. This trade represents a 23.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan Beatty sold 1,000 shares of Charles Schwab stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $111.33, for a total transaction of $111,330.00. Following the sale, the insider owned 10,738 shares in the company, valued at approximately $1,195,461.54. This represents a 8.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 278,574 shares of company stock worth $31,302,606 in the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SCHW. UBS Group lowered their price objective on shares of Charles Schwab from $113.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, October 16th. Jefferies Financial Group set a $120.00 price objective on shares of Charles Schwab in a research note on Friday, October 16th. Weiss Ratings upgraded shares of Charles Schwab from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. Zacks Research cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Truist Financial set a $115.00 target price on shares of Charles Schwab in a research note on Friday, October 16th. Eighteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $119.91.

Charles Schwab Company Profile

The Charles Schwab Corporation is a financial services company that provides brokerage, banking, wealth management, and investment services. Its offerings include brokerage accounts, trading and research tools, retirement products, banking services, and investment advice for individuals, as well as services for independent financial advisors, employers, and institutions.

Founded in 1971 by Charles R. Schwab, the company helped popularize discount brokerage services. It expanded its brokerage business with the 2020 acquisition of TD Ameritrade, whose trading platform and services became part of Schwab.

Based in Westlake, Texas, Schwab primarily serves clients in the United States and also has an international presence.