The Charles Schwab Corporation $SCHW Shares Sold by AMI Asset Management Corp

AMI Asset Management Corp reduced its stake in The Charles Schwab Corporation (NYSE:SCHW) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 472,267 shares of the financial services provider’s stock after selling 8,021 shares during the period. Charles Schwab makes up about 2.5% of AMI Asset Management Corp’s investment portfolio, making the stock its 15th biggest holding. AMI Asset Management Corp’s holdings in Charles Schwab were worth $45,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCHW. ZWJ Investment Counsel Inc. raised its stake in shares of Charles Schwab by 4.6% during the third quarter. ZWJ Investment Counsel Inc. now owns 2,390 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 106 shares during the period. Bryn Mawr Trust Advisors LLC boosted its position in Charles Schwab by 2.0% in 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 during the last quarter. Nicolet Bankshares Inc. grew its stake in shares of Charles Schwab by 0.8% during the second quarter. Nicolet Bankshares Inc. now owns 13,049 shares of the financial services provider’s stock valued at $1,191,000 after acquiring an additional 107 shares in the last quarter. First PREMIER Bank increased its position in shares of Charles Schwab by 23.8% during the third quarter. First PREMIER Bank now owns 557 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 107 shares during the last quarter. Finally, Marshall Financial Group LLC lifted its stake in shares of Charles Schwab by 3.5% in the third quarter. Marshall Financial Group LLC now owns 3,224 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 109 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insiders Place Their Bets

In other Charles Schwab news, insider Paul V. Woolway sold 3,205 shares of the business’s stock in a transaction dated 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 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 is accessible through this hyperlink. Also, insider Jonathan S. Beatty sold 3,072 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $98.00, for a total transaction of $301,056.00. Following the completion of the sale, the insider owned 11,923 shares of the company’s stock, valued at approximately $1,168,454. This trade represents a 20.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 6.30% of the company’s stock.

Charles Schwab Price Performance

NYSE SCHW opened at $101.73 on Friday. The Charles Schwab Corporation has a 12 month low of $65.88 and a 12 month high of $102.11. The firm has a market capitalization of $180.77 billion, a PE ratio of 23.82, a P/E/G ratio of 0.83 and a beta of 0.96. The company’s 50 day simple moving average is $94.80 and its 200 day simple moving average is $94.09. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58.

Charles Schwab (NYSE:SCHW) last released its earnings results on Thursday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.38 billion for the quarter, compared to analyst estimates of $5.93 billion. During the same period in the previous year, the company earned $0.71 earnings per share. Charles Schwab’s revenue was up 26.6% compared to the same quarter last year. As a group, equities research 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 was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given 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 dividend payout ratio is 25.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JMP Securities reiterated a “market outperform” rating and set a $110.00 target price on shares of Charles Schwab in a research note on Friday, October 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Charles Schwab in a report on Wednesday, October 8th. Zacks Research lowered shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Truist Financial lifted their price target on Charles Schwab from $112.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Finally, BMO Capital Markets assumed coverage on Charles Schwab in a research report on Friday, October 3rd. They issued an “outperform” rating and a $110.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $108.84.

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.