HF Advisory Group LLC Boosts Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

HF Advisory Group LLC boosted its position in The Charles Schwab Co. (NYSE:SCHW) by 24.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,377 shares of the financial services provider’s stock after buying an additional 7,348 shares during the quarter. Charles Schwab makes up about 1.1% of HF Advisory Group LLC’s holdings, making the stock its 25th largest position. HF Advisory Group LLC’s holdings in Charles Schwab were worth $2,422,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Nelson Capital Management LLC raised its holdings in Charles Schwab by 0.4% during the 1st quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider’s stock valued at $2,729,000 after acquiring an additional 141 shares during the period. Abbrea Capital LLC raised its stake in shares of Charles Schwab by 2.5% during the 1st quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 142 shares during the period. Alliance Wealth Advisors LLC lifted its holdings in Charles Schwab by 2.7% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 142 shares in the last quarter. Arcataur Capital Management LLC boosted its stake in Charles Schwab by 2.3% in the 3rd quarter. Arcataur Capital Management LLC now owns 6,648 shares of the financial services provider’s stock worth $431,000 after purchasing an additional 150 shares during the period. Finally, Tandem Capital Management Corp ADV grew its holdings in Charles Schwab by 0.3% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 49,537 shares of the financial services provider’s stock valued at $3,210,000 after buying an additional 150 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the transaction, the director now owns 554,929 shares in the company, valued at approximately $35,543,202.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now directly owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 62,345 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the sale, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at $4,396,116,784.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,465 shares of company stock valued at $8,050,109 in the last quarter. Company insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 0.5 %

SCHW opened at $71.33 on Wednesday. The Charles Schwab Co. has a 12 month low of $53.49 and a 12 month high of $79.49. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The business’s 50-day moving average price is $66.67 and its 200-day moving average price is $69.45. The company has a market cap of $126.86 billion, a P/E ratio of 27.86, a P/E/G ratio of 1.63 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. On average, equities analysts expect that The Charles Schwab Co. will post 3.11 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.40%. Charles Schwab’s dividend payout ratio is currently 39.06%.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of recent analyst reports. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. TD Cowen reissued a “hold” rating and issued a $71.00 price target (down from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Citigroup decreased their price target on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, September 27th. Wells Fargo & Company increased their price objective on Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Piper Sandler boosted their price objective on Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $73.94.

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.