Professional Financial Advisors LLC Decreases Position in The Charles Schwab Corporation $SCHW

Professional Financial Advisors LLC decreased its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 82.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,829 shares of the financial services provider’s stock after selling 17,962 shares during the period. Professional Financial Advisors LLC’s holdings in Charles Schwab were worth $353,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Brighton Jones LLC raised its position in Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after purchasing an additional 19,195 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Charles Schwab by 21.6% during the second quarter. Sivia Capital Partners LLC now owns 4,553 shares of the financial services provider’s stock worth $415,000 after buying an additional 809 shares in the last quarter. United Bank grew its position in shares of Charles Schwab by 7.1% during the second quarter. United Bank now owns 16,053 shares of the financial services provider’s stock worth $1,465,000 after buying an additional 1,070 shares in the last quarter. Nebula Research & Development LLC purchased a new stake in shares of Charles Schwab during the second quarter worth approximately $552,000. Finally, Main Street Financial Solutions LLC increased its stake in shares of Charles Schwab by 4.7% during the second quarter. Main Street Financial Solutions LLC now owns 6,828 shares of the financial services provider’s stock worth $623,000 after buying an additional 305 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 6,952 shares of the company’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $102.03, for a total transaction of $709,312.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nigel J. Murtagh sold 32,947 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $104.01, for a total transaction of $3,426,817.47. Following the completion of the transaction, the insider directly owned 57,972 shares of the company’s stock, valued at approximately $6,029,667.72. This trade represents a 36.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 363,848 shares of company stock valued at $37,874,706. 6.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SCHW shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Charles Schwab in a research note on Thursday, June 18th. Piper Sandler set a $118.00 price objective on shares of Charles Schwab in a research report on Tuesday, July 21st. Barclays raised their price objective on shares of Charles Schwab from $122.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Wolfe Research reaffirmed an “outperform” rating and set a $127.00 price objective on shares of Charles Schwab in a research report on Tuesday, July 21st. Finally, Zacks Research upgraded shares of Charles Schwab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Two equities research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $121.17.

Charles Schwab Trading Down 0.0%

Shares of Charles Schwab stock opened at $107.55 on Monday. The company has a fifty day simple moving average of $97.28 and a 200-day simple moving average of $95.60. The Charles Schwab Corporation has a 12-month low of $83.96 and a 12-month high of $109.05. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.48. The stock has a market cap of $187.04 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 0.82 and a beta of 0.76.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.56 by $0.06. Charles Schwab had a net margin of 38.79% and a return on equity of 24.73%. The firm had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.90 billion. During the same period last year, the business earned $1.14 EPS. Charles Schwab’s revenue for the quarter was up 20.9% compared to the same quarter last year. On average, equities analysts forecast that The Charles Schwab Corporation will post 6.46 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.2%. Charles Schwab’s dividend payout ratio (DPR) is presently 23.27%.

Charles Schwab Company 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.