Clean Yield Group Acquires 17,676 Shares of The Charles Schwab Corporation $SCHW

Clean Yield Group lifted its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 182.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,349 shares of the financial services provider’s stock after purchasing an additional 17,676 shares during the period. Clean Yield Group’s holdings in Charles Schwab were worth $2,611,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. HB Wealth Management LLC boosted its stake in Charles Schwab by 31.6% in the third quarter. HB Wealth Management LLC now owns 56,358 shares of the financial services provider’s stock valued at $5,381,000 after acquiring an additional 13,517 shares during the last quarter. Caldwell Trust Co increased its stake in shares of Charles Schwab by 1.0% during the 3rd quarter. Caldwell Trust Co now owns 20,006 shares of the financial services provider’s stock worth $1,910,000 after purchasing an additional 201 shares during the last quarter. Spire Wealth Management raised its holdings in shares of Charles Schwab by 15.2% in the 3rd quarter. Spire Wealth Management now owns 67,229 shares of the financial services provider’s stock worth $6,418,000 after purchasing an additional 8,883 shares during the period. Harfst & Associates Inc. lifted its stake in Charles Schwab by 0.3% in the third quarter. Harfst & Associates Inc. now owns 33,724 shares of the financial services provider’s stock valued at $3,220,000 after purchasing an additional 107 shares during the last quarter. Finally, CX Institutional grew its holdings in Charles Schwab by 13.7% during the third quarter. CX Institutional now owns 147,364 shares of the financial services provider’s stock valued at $14,069,000 after purchasing an additional 17,798 shares during the period. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $101.90 on Thursday. The stock’s 50-day simple moving average is $96.08 and its two-hundred day simple moving average is $94.93. The Charles Schwab Corporation has a twelve month low of $65.88 and a twelve month high of $104.76. The firm has a market capitalization of $181.06 billion, a P/E ratio of 23.86, a P/E/G ratio of 0.72 and a beta of 0.94. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.06. The firm had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $5.93 billion. Charles Schwab had a return on equity of 21.02% and a net margin of 35.93%.The company’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. As a group, equities analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

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

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,000 shares of Charles Schwab stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $102.01, for a total transaction of $204,020.00. Following the completion of the sale, the insider directly owned 11,923 shares of the company’s stock, valued at approximately $1,216,265.23. The trade was a 14.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on SCHW shares. JPMorgan Chase & Co. boosted their target price on Charles Schwab from $119.00 to $121.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. TD Cowen lifted their price objective on Charles Schwab from $129.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Zacks Research downgraded shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Wolfe Research reiterated an “outperform” rating and set a $122.00 target price on shares of Charles Schwab in a research report on Wednesday. Finally, Morgan Stanley boosted their price target on shares of Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Charles Schwab has an average rating of “Moderate Buy” and a consensus target price of $110.80.

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.