Capital Advisors Inc. OK Lowers Stock Position in The Charles Schwab Co. (NYSE:SCHW)


Capital Advisors Inc. OK reduced its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.1% during the second quarter, Holdings Channel reports. The institutional investor owned 12,805 shares of the financial services provider’s stock after selling 269 shares during the period. Capital Advisors Inc. OK’s holdings in The Charles Schwab were worth $932,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Personal CFO Solutions LLC lifted its position in shares of The Charles Schwab by 3.3% during the 2nd quarter. Personal CFO Solutions LLC now owns 4,759 shares of the financial services provider’s stock valued at $347,000 after buying an additional 150 shares in the last quarter. Cypress Wealth Services LLC lifted its position in shares of The Charles Schwab by 3.6% during the 1st quarter. Cypress Wealth Services LLC now owns 4,433 shares of the financial services provider’s stock valued at $289,000 after buying an additional 154 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of The Charles Schwab by 8.0% during the 1st quarter. Lindbrook Capital LLC now owns 2,091 shares of the financial services provider’s stock valued at $136,000 after buying an additional 155 shares in the last quarter. D Orazio & Associates Inc. lifted its position in shares of The Charles Schwab by 50.0% during the 1st quarter. D Orazio & Associates Inc. now owns 486 shares of the financial services provider’s stock valued at $32,000 after buying an additional 162 shares in the last quarter. Finally, Joel Isaacson & Co. LLC lifted its holdings in The Charles Schwab by 3.9% in the 1st quarter. Joel Isaacson & Co. LLC now owns 4,409 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 164 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.


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In other The Charles Schwab news, CFO Peter B. Crawford sold 12,000 shares of the company’s stock in a transaction on Monday, May 24th. The stock was sold at an average price of $73.00, for a total value of $876,000.00. Following the transaction, the chief financial officer now owns 798 shares of the company’s stock, valued at approximately $58,254. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 2,600 shares of the company’s stock in a transaction on Wednesday, July 21st. The stock was sold at an average price of $70.00, for a total value of $182,000.00. The disclosure for this sale can be found here. Insiders sold a total of 445,436 shares of company stock worth $32,474,713 in the last ninety days. 7.50% of the stock is currently owned by corporate insiders.


A number of research firms recently commented on SCHW. Morgan Stanley boosted their price target on The Charles Schwab from $83.00 to $86.00 and gave the stock an “overweight” rating in a report on Monday, April 26th. Barclays boosted their price target on The Charles Schwab from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, April 23rd. The Goldman Sachs Group cut The Charles Schwab from a “buy” rating to a “neutral” rating and set a $76.00 price target on the stock. in a report on Thursday, July 8th. boosted their price target on The Charles Schwab from $88.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, April 23rd. Finally, JMP Securities boosted their price target on The Charles Schwab from $83.00 to $85.00 and gave the stock a “market outperform” rating in a report on Friday, July 23rd. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $81.41.


NYSE SCHW opened at $71.06 on Friday. The company has a market cap of $128.41 billion, a P/E ratio of 29.98 and a beta of 1.03. The company has a current ratio of 0.36, a quick ratio of 0.39 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $71.09. The Charles Schwab Co. has a fifty-two week low of $33.79 and a fifty-two week high of $76.37.

The Charles Schwab (NYSE:SCHW) last released its earnings results on Thursday, July 15th. The financial services provider reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.01). The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.46 billion. The Charles Schwab had a net margin of 28.88% and a return on equity of 12.89%. The business’s revenue for the quarter was up 84.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. On average, research analysts expect that The Charles Schwab Co. will post 3.14 EPS for the current fiscal year.


The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 27th. Shareholders of record on Friday, August 13th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, August 12th. The Charles Schwab’s dividend payout ratio (DPR) is presently 29.39%.

The Charles Schwab Company Profile

The Charles Schwab Corp. is a savings and loan holding company, which engages in the provision of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees.

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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).

Institutional Ownership by Quarter for The Charles Schwab (NYSE:<b><a href=SCHW)' width='650' height='350' />

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