1 week Ago By ABMN Staff
Great Lakes Advisors LLC lowered its position in shares of The Charles Schwab Co. ( NYSE:SCHW – Free Report ) by 30.2% in the second quarter, HoldingsChannel.
com reports. The fund owned 99,149 shares of the financial services provider’s stock after selling 42,918 shares during the quarter. Great Lakes Advisors LLC’s holdings in Charles Schwab were worth $7,306,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHW. Country Trust Bank acquired a new position in shares of Charles Schwab in the 2nd quarter valued at about $26,000. American Capital Advisory LLC acquired a new position in shares of Charles Schwab in the 2nd quarter valued at about $27,000.
Fortitude Family Office LLC lifted its holdings in shares of Charles Schwab by 97.5% in the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after buying an additional 192 shares during the period.
CGC Financial Services LLC acquired a new position in shares of Charles Schwab in the 2nd quarter valued at about $29,000. Finally, Mizuho Securities Co. Ltd.
acquired a new position in shares of Charles Schwab in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 84.38% of the company’s stock.
Charles Schwab Price Performance SCHW stock opened at $62.90 on Monday. The company has a debt-to-equity ratio of 0.
65, a current ratio of 0.42 and a quick ratio of 0.42.
The business has a 50 day simple moving average of $66.44 and a 200-day simple moving average of $70.15.
The firm has a market capitalization of $111.86 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 1.
18 and a beta of 0.97. The Charles Schwab Co.
has a 1 year low of $48.66 and a 1 year high of $79.49.
Charles Schwab Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a $0.25 dividend.
The ex-dividend date was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.
59%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.
Insider Activity at Charles Schwab In other Charles Schwab news, President Richard A. Wurster acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were purchased at an average cost of $62.
05 per share, for a total transaction of $620,500.00. Following the completion of the acquisition, the president now owns 144,228 shares of the company’s stock, valued at approximately $8,949,347.
40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . In related news, insider Bernard J.
Clark sold 8,164 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $75.00, for a total value of $612,300.
00. Following the transaction, the insider now directly owns 121,666 shares in the company, valued at $9,124,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
Also, President Richard A. Wurster acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The stock was acquired at an average price of $62.
05 per share, for a total transaction of $620,500.00. Following the completion of the acquisition, the president now directly owns 144,228 shares of the company’s stock, valued at approximately $8,949,347.
40. The disclosure for this purchase can be found here . Over the last three months, insiders have sold 107,800 shares of company stock worth $7,145,364.
Insiders own 6.60% of the company’s stock. Wall Street Analyst Weigh In Several equities analysts recently weighed in on SCHW shares.
Deutsche Bank Aktiengesellschaft lifted their price target on Charles Schwab from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, August 15th.
Jefferies Financial Group lifted their price target on Charles Schwab from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 8th.
Piper Sandler lowered Charles Schwab from an “overweight” rating to a “neutral” rating and cut their price target for the company from $80.00 to $64.00 in a research note on Monday, July 29th.
Keefe, Bruyette & Woods restated an “outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a research note on Thursday, August 22nd. Finally, UBS Group cut their price target on Charles Schwab from $91.
00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock.
Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $74.00. View Our Latest Analysis on SCHW Charles Schwab Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Co.
( NYSE:SCHW – Free Report ). Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter .
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