Orange Investment Advisors Inc. Sells 5,668 Shares of The Charles Schwab Corporation $SCHW

Orange Investment Advisors Inc. decreased its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 10.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,162 shares of the financial services provider’s stock after selling 5,668 shares during the period. Orange Investment Advisors Inc.’s holdings in Charles Schwab were worth $4,707,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Management LLC bought a new stake in shares of Charles Schwab during the second quarter worth about $27,000. Scarborough Advisors LLC bought a new stake in shares of Charles Schwab during the first quarter valued at about $29,000. Main Street Group LTD bought a new position in shares of Charles Schwab in the first quarter worth $33,000. Mascoma Wealth Management LLC increased its stake in Charles Schwab by 71.6% in the 3rd quarter. Mascoma Wealth Management LLC now owns 374 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 156 shares during the last quarter. Finally, J.Safra Asset Management Corp purchased a new stake in Charles Schwab in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 1,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $111.33, for a total transaction of $111,330.00. Following the completion of the sale, the insider directly owned 10,738 shares of the company’s stock, valued at $1,195,461.54. This trade represents a 8.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dennis Howard sold 28,000 shares of Charles Schwab stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $105.01, for a total transaction of $2,940,280.00. Following the completion of the sale, the insider owned 10,470 shares in the company, valued at approximately $1,099,454.70. This represents a 72.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 407,142 shares of company stock worth $44,787,802 in the last 90 days. Company insiders own 6.30% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW opened at $90.56 on Monday. The business has a fifty day moving average of $102.66 and a 200 day moving average of $98.09. The firm has a market capitalization of $156.61 billion, a P/E ratio of 15.45, a PEG ratio of 0.81 and a beta of 0.79. The Charles Schwab Corporation has a one year low of $83.96 and a one year high of $114.53. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.64 and a quick ratio of 0.64.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. Charles Schwab had a net margin of 39.33% and a return on equity of 25.79%. The business had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $7.18 billion. The company’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period last year, the firm earned $1.31 earnings per share. As a group, sell-side analysts anticipate that The Charles Schwab Corporation will post 6.41 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, November 13th. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. Charles Schwab’s dividend payout ratio (DPR) is presently 21.84%.

More Charles Schwab News

Here are the key news stories impacting Charles Schwab this week:

• Positive Sentiment: Schwab may benefit if short-term interest rates remain elevated. Higher yields can increase the income the cash-rich brokerage earns on client balances, potentially supporting net interest revenue and profitability. Why Charles Schwab Stock Could Benefit If Short Term Rates Stay Higher
• Positive Sentiment: The board declared a regular quarterly common-stock dividend of $0.32 per share, equivalent to $1.28 annually and a stated yield of approximately 1.4%. The dividend is payable November 27 to shareholders of record November 13. Schwab Declares Quarterly Common Stock Dividend and Declares Preferred Stock Dividends
• Positive Sentiment: Opening two Portland branches could expand Schwab’s local presence and support client acquisition, although the financial impact is likely modest initially. Schwab opens two new Portland branches to expand local access

Analyst Upgrades and Downgrades

A number of brokerages have commented on SCHW. Compass Point increased their price target on shares of Charles Schwab from $135.00 to $136.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. UBS Group cut their price objective on Charles Schwab from $113.00 to $109.00 and set a “buy” rating on the stock in a research report on Friday, October 16th. Zacks Research downgraded shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Jefferies Financial Group set a $120.00 price target on shares of Charles Schwab in a research report on Friday, October 16th. Finally, Wolfe Research reissued an “outperform” rating and issued a $127.00 target price (up from $123.00) on shares of Charles Schwab in a report on Tuesday, July 21st. Eighteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $120.18.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a financial services company that provides investment, wealth management, banking and related services to individual investors, financial professionals and institutional clients. Through its brokerage business, Schwab offers trading and custody services for stocks, exchange-traded funds, mutual funds, options, fixed-income securities and other investments, along with retirement accounts and investment research tools.

The company also provides advisory and wealth management services, including managed portfolios, financial planning and support for registered investment advisors.