MGO One Seven LLC Grows Position in The Charles Schwab Corporation $SCHW

MGO One Seven LLC boosted its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 16.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,633 shares of the financial services provider’s stock after purchasing an additional 7,713 shares during the period. MGO One Seven LLC’s holdings in Charles Schwab were worth $5,216,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHW. Princeton Global Asset Management LLC purchased a new position in shares of Charles Schwab during the second quarter valued at approximately $25,000. RMG Wealth Management LLC purchased a new stake in shares of Charles Schwab in the second quarter worth approximately $27,000. West Branch Capital LLC bought a new stake in shares of Charles Schwab during the 3rd quarter worth approximately $27,000. Mid American Wealth Advisory Group Inc. purchased a new position in Charles Schwab during the 2nd quarter valued at $32,000. Finally, Hoese & Co LLP boosted its holdings in Charles Schwab by 131.6% during the 2nd quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 200 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Stock Up 1.8%

NYSE:SCHW opened at $101.95 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58. The Charles Schwab Corporation has a 1-year low of $65.88 and a 1-year high of $104.76. The company has a 50-day moving average of $96.51 and a 200 day moving average of $95.22. The firm has a market cap of $181.16 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 0.70 and a beta of 0.94.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.25 by $0.06. Charles Schwab had a net margin of 35.93% and a return on equity of 21.02%. The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $5.93 billion. During the same quarter in the previous year, the business posted $0.71 EPS. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. As a group, research analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Charles Schwab’s payout ratio is 25.29%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $114.00 target price on shares of Charles Schwab in a research note on Friday, October 17th. Cowen restated a “buy” rating on shares of Charles Schwab in a report on Friday, October 17th. Barclays raised their price target on shares of Charles Schwab from $111.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday. Zacks Research cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Finally, TD Cowen upped their target price on shares of Charles Schwab from $129.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $111.57.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $102.01, for a total transaction of $204,020.00. Following the completion of the sale, the insider owned 11,923 shares in the company, valued at $1,216,265.23. This represents a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Profile

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.