Vestor Capital LLC Purchases 66,754 Shares of The Charles Schwab Corporation $SCHW

Vestor Capital LLC lifted its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 4,340.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,292 shares of the financial services provider’s stock after acquiring an additional 66,754 shares during the period. Vestor Capital LLC’s holdings in Charles Schwab were worth $6,231,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SCHW. Bryn Mawr Trust Advisors LLC grew its holdings in Charles Schwab by 2.0% during the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 5,489 shares of the financial services provider’s stock valued at $501,000 after buying an additional 107 shares in the last quarter. Pine Haven Investment Counsel Inc grew its holdings in Charles Schwab by 0.3% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 41,793 shares of the financial services provider’s stock valued at $3,813,000 after purchasing an additional 110 shares during the last quarter. Principle Wealth Partners LLC grew its stake in shares of Charles Schwab by 2.0% during the second quarter. Principle Wealth Partners LLC now owns 5,890 shares of the financial services provider’s stock valued at $537,000 after buying an additional 113 shares during the last quarter. Traveka Wealth LLC increased its stake in Charles Schwab by 4.3% in the second quarter. Traveka Wealth LLC now owns 2,841 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 117 shares during the period. Finally, 1ST Source Bank increased its stake in Charles Schwab by 0.5% in the 2nd quarter. 1ST Source Bank now owns 23,680 shares of the financial services provider’s stock worth $2,161,000 after buying an additional 117 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SCHW shares. Bank of America increased their price objective on Charles Schwab from $84.00 to $86.00 and gave the stock an “underperform” rating in a research note on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft upped their target price on Charles Schwab from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Barclays raised their price target on Charles Schwab from $114.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Morgan Stanley upped their price objective on shares of Charles Schwab from $130.00 to $139.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Finally, Truist Financial increased their target price on shares of Charles Schwab from $112.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $106.45.

Charles Schwab Price Performance

NYSE SCHW opened at $90.44 on Friday. The firm’s fifty day simple moving average is $93.88 and its two-hundred day simple moving average is $92.75. The firm has a market capitalization of $160.71 billion, a P/E ratio of 21.18, a P/E/G ratio of 0.85 and a beta of 1.02. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.47. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $99.59.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.06. Charles Schwab had a return on equity of 21.26% and a net margin of 35.93%.The firm had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $5.93 billion. During the same quarter last year, the firm earned $0.71 EPS. The business’s quarterly revenue was up 26.6% on a year-over-year basis. Analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, November 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Charles Schwab’s dividend payout ratio is 25.29%.

Insider Activity at Charles Schwab

In related news, insider Jonathan S. Beatty sold 6,144 shares of Charles Schwab stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $96.81, for a total value of $594,800.64. Following the completion of the sale, the insider directly owned 11,923 shares in the company, valued at $1,154,265.63. This trade represents a 34.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul V. Woolway sold 3,205 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $93.33, for a total transaction of $299,122.65. Following the sale, the insider directly owned 34,778 shares in the company, valued at approximately $3,245,830.74. This represents a 8.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 68,938 shares of company stock valued at $6,671,953 in the last three months. 6.30% of the stock is owned by insiders.

Charles Schwab Company 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.