Garrison Bradford & Associates Inc. Has $2.54 Million Stock Holdings in The Charles Schwab Corporation $SCHW

Garrison Bradford & Associates Inc. lifted its position in The Charles Schwab Corporation (NYSE:SCHW) by 14.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 27,850 shares of the financial services provider’s stock after purchasing an additional 3,577 shares during the quarter. Charles Schwab accounts for approximately 2.8% of Garrison Bradford & Associates Inc.’s holdings, making the stock its 12th biggest holding. Garrison Bradford & Associates Inc.’s holdings in Charles Schwab were worth $2,541,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC bought a new stake in Charles Schwab during the second quarter worth about $25,000. RMG Wealth Management LLC bought a new position in shares of Charles Schwab in the second quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Charles Schwab by 97.9% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 191 shares in the last quarter. Stone House Investment Management LLC bought a new stake in Charles Schwab during the 1st quarter worth approximately $31,000. Finally, Activest Wealth Management increased its holdings in Charles Schwab by 6,650.0% during the 1st quarter. Activest Wealth Management now owns 405 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 399 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Stock Performance

Shares of NYSE:SCHW opened at $94.62 on Monday. The stock has a market capitalization of $171.75 billion, a P/E ratio of 22.16, a P/E/G ratio of 0.85 and a beta of 0.97. The Charles Schwab Corporation has a 1-year low of $65.88 and a 1-year high of $99.59. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $94.29 and a two-hundred day moving average price of $91.35.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.06. Charles Schwab had a net margin of 35.93% and a return on equity of 21.26%. The company had revenue of $6.14 billion for the quarter, compared to analyst estimates of $5.93 billion. During the same quarter last year, the firm earned $0.71 EPS. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. Equities analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

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

Charles Schwab announced that its Board of Directors has approved a share repurchase plan on Thursday, July 24th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 11.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have commented on SCHW. JPMorgan Chase & Co. boosted their price objective on Charles Schwab from $119.00 to $121.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Barclays lifted their price target on Charles Schwab from $114.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, October 17th. TD Cowen increased their price objective on shares of Charles Schwab from $129.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Piper Sandler restated a “neutral” rating on shares of Charles Schwab in a research report on Tuesday, October 14th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Charles Schwab in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.00.

Insider Buying and Selling at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 50,016 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $97.00, for a total value of $4,851,552.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul V. Woolway sold 3,205 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $93.33, for a total value of $299,122.65. Following the completion of the transaction, the insider owned 34,778 shares in the company, valued at $3,245,830.74. This represents a 8.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 65,866 shares of company stock worth $6,370,897. Insiders own 6.30% of the company’s stock.

Charles Schwab Company Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.