Wright Investors Service Inc. Boosts Holdings in The Charles Schwab Corporation $SCHW

Wright Investors Service Inc. lifted its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 40.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,905 shares of the financial services provider’s stock after purchasing an additional 7,159 shares during the period. Wright Investors Service Inc.’s holdings in Charles Schwab were worth $2,378,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Princeton Global Asset Management LLC purchased a new stake in Charles Schwab during the 2nd quarter worth $25,000. RMG Wealth Management LLC acquired a new stake in shares of Charles Schwab during the second quarter valued at about $27,000. West Branch Capital LLC acquired a new stake in shares of Charles Schwab during the third quarter valued at about $27,000. Hoese & Co LLP increased its position in shares of Charles Schwab by 131.6% during the second quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 200 shares during the last quarter. Finally, Mid American Wealth Advisory Group Inc. acquired a new position in shares of Charles Schwab in the second quarter worth about $32,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wolfe Research set a $120.00 price objective on Charles Schwab in a research note on Monday. Raymond James Financial reiterated an “outperform” rating and set a $114.00 target price on shares of Charles Schwab in a research note on Monday, January 5th. Cowen reissued a “buy” rating on shares of Charles Schwab in a research report on Wednesday. TD Cowen lifted their price target on shares of Charles Schwab from $134.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Bank of America increased their price objective on shares of Charles Schwab from $88.00 to $91.00 and gave the company an “underperform” rating in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $112.24.

Insider Buying and Selling at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,000 shares of the business’s stock in a transaction dated 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 owned 11,923 shares of the company’s stock, valued at $1,216,265.23. This represents a 14.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $102.66 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $182.42 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 0.71 and a beta of 0.94. The Charles Schwab Corporation has a twelve month low of $65.88 and a twelve month high of $104.76. The business has a 50 day simple moving average of $96.98 and a 200-day simple moving average of $95.40.

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

Charles Schwab Dividend Announcement

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

Charles Schwab Company 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.