The Charles Schwab Corporation $SCHW Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lessened its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 4.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 96,468 shares of the financial services provider’s stock after selling 4,884 shares during the period. Geneos Wealth Management Inc.’s holdings in Charles Schwab were worth $9,066,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SCHW. Brighton Jones LLC grew its holdings in shares of Charles Schwab by 380.5% during the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after purchasing an additional 19,195 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Charles Schwab by 21.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,553 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 809 shares during the last quarter. United Bank boosted its position in Charles Schwab by 7.1% during the 2nd quarter. United Bank now owns 16,053 shares of the financial services provider’s stock valued at $1,465,000 after purchasing an additional 1,070 shares during the period. Nebula Research & Development LLC acquired a new position in Charles Schwab during the 2nd quarter valued at approximately $552,000. Finally, Main Street Financial Solutions LLC grew its stake in Charles Schwab by 4.7% during the 2nd quarter. Main Street Financial Solutions LLC now owns 6,828 shares of the financial services provider’s stock worth $623,000 after buying an additional 305 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Argus set a $108.00 target price on Charles Schwab in a research report on Monday, April 20th. UBS Group boosted their price target on shares of Charles Schwab from $119.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Truist Financial dropped their price objective on shares of Charles Schwab from $122.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $128.00 price objective on shares of Charles Schwab in a report on Friday, May 15th. Finally, Piper Sandler boosted their target price on shares of Charles Schwab from $105.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and a consensus target price of $116.68.

Insider Transactions at Charles Schwab

In related news, Director Frank C. Herringer sold 2,520 shares of Charles Schwab stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total transaction of $228,312.00. Following the transaction, the director directly owned 177,508 shares of the company’s stock, valued at $16,082,224.80. The trade was a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 2,000 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $100.01, for a total transaction of $200,020.00. Following the completion of the sale, the insider directly owned 13,738 shares of the company’s stock, valued at $1,373,937.38. The trade was a 12.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 6,520 shares of company stock worth $622,392. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Stock Performance

SCHW opened at $102.80 on Thursday. The business has a 50 day moving average price of $92.24 and a two-hundred day moving average price of $95.31. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market capitalization of $178.78 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 0.85 and a beta of 0.77. The Charles Schwab Corporation has a 1-year low of $83.96 and a 1-year high of $107.50.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.04. Charles Schwab had a return on equity of 23.05% and a net margin of 37.99%.The company had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $6.39 billion. During the same period last year, the firm earned $1.04 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. Research analysts predict that The Charles Schwab Corporation will post 6.23 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.28 annualized dividend and a yield of 1.2%. Charles Schwab’s dividend payout ratio (DPR) is currently 25.40%.

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.