Allen Mooney & Barnes Investment Advisors LLC Has $13.93 Million Holdings in The Charles Schwab Corporation $SCHW

Allen Mooney & Barnes Investment Advisors LLC lowered its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 19.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,928 shares of the financial services provider’s stock after selling 36,021 shares during the period. Charles Schwab comprises 2.2% of Allen Mooney & Barnes Investment Advisors LLC’s holdings, making the stock its 20th largest position. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Charles Schwab were worth $13,932,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Federated Hermes Inc. grew its holdings in shares of Charles Schwab by 2,112.7% during the second quarter. Federated Hermes Inc. now owns 181,793 shares of the financial services provider’s stock worth $16,587,000 after purchasing an additional 173,577 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Charles Schwab by 26.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 190,538 shares of the financial services provider’s stock valued at $17,387,000 after purchasing an additional 40,275 shares in the last quarter. Bain Capital Public Equity Management II LLC bought a new stake in Charles Schwab during the first quarter valued at approximately $79,605,000. Figure 8 Investment Strategies LLC purchased a new position in Charles Schwab in the 2nd quarter worth approximately $924,000. Finally, PFG Investments LLC grew its stake in Charles Schwab by 10.2% in the 2nd quarter. PFG Investments LLC now owns 5,951 shares of the financial services provider’s stock worth $543,000 after buying an additional 550 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Zacks Research cut Charles Schwab from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Keefe, Bruyette & Woods boosted their target price on Charles Schwab from $109.00 to $111.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Charles Schwab from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, October 17th. JMP Securities reissued a “market outperform” rating and set a $110.00 price target on shares of Charles Schwab in a research note on Friday, October 17th. Finally, Bank of America boosted their price objective on shares of Charles Schwab from $88.00 to $91.00 and gave the stock an “underperform” rating in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Charles Schwab has an average rating of “Moderate Buy” and an average price target of $108.84.

Insider Activity

In related news, insider Paul V. Woolway sold 3,205 shares of Charles Schwab stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $93.33, for a total transaction of $299,122.65. Following the transaction, the insider owned 34,778 shares in the company, valued at approximately $3,245,830.74. The trade was a 8.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan S. Beatty sold 3,072 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total value of $301,056.00. Following the completion of the transaction, the insider owned 11,923 shares of the company’s stock, valued at $1,168,454. The trade was a 20.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Price Performance

Shares of SCHW stock opened at $101.73 on Thursday. The business’s fifty day moving average is $94.64 and its 200 day moving average is $94.03. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47. The stock has a market cap of $180.77 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 0.82 and a beta of 0.96. The Charles Schwab Corporation has a twelve month low of $65.88 and a twelve month high of $102.11.

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, beating analysts’ consensus estimates of $1.25 by $0.06. Charles Schwab had a return on equity of 21.02% and a net margin of 35.93%.The company had revenue of $6.38 billion during the quarter, compared to analyst estimates of $5.93 billion. During the same quarter last year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. Research analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

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

About Charles Schwab

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.