Professional Financial Advisors LLC Reduces Holdings in The Charles Schwab Corporation $SCHW

Professional Financial Advisors LLC lowered its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 82.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,829 shares of the financial services provider’s stock after selling 17,962 shares during the period. Professional Financial Advisors LLC’s holdings in Charles Schwab were worth $353,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dogwood Wealth Management LLC grew its holdings in Charles Schwab by 99.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock valued at $25,000 after buying an additional 123 shares during the last quarter. Optima Capital LLC purchased a new stake in shares of Charles Schwab in the fourth quarter valued at $30,000. Scarborough Advisors LLC acquired a new stake in shares of Charles Schwab during the first quarter valued at $29,000. McIlrath & Eck LLC increased its position in Charles Schwab by 143.2% during the 4th quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 189 shares in the last quarter. Finally, Main Street Group LTD purchased a new stake in Charles Schwab during the 1st quarter worth about $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on SCHW. Compass Point assumed coverage on shares of Charles Schwab in a report on Monday, August 3rd. They issued a “buy” rating and a $135.00 target price on the stock. Argus boosted their price objective on shares of Charles Schwab from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Citigroup restated a “market outperform” rating on shares of Charles Schwab in a research report on Wednesday, July 22nd. Raymond James Financial reaffirmed an “outperform” rating and issued a $145.00 target price on shares of Charles Schwab in a research note on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Charles Schwab in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and a consensus target price of $121.17.

Insider Buying and Selling at Charles Schwab

In related news, insider Dennis Howard sold 28,000 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $105.01, for a total value of $2,940,280.00. Following the transaction, the insider directly owned 10,470 shares of the company’s stock, valued at approximately $1,099,454.70. This trade represents a 72.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nigel J. Murtagh sold 32,947 shares of Charles Schwab stock in a transaction on Monday, July 27th. The shares were sold at an average price of $104.01, for a total value of $3,426,817.47. Following the completion of the transaction, the insider owned 57,972 shares in the company, valued at $6,029,667.72. The trade was a 36.24% decrease in their position. 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 quarter, insiders sold 363,848 shares of company stock worth $37,874,706. 6.30% of the stock is currently owned by company insiders.

Charles Schwab Trading Down 0.0%

Shares of SCHW stock opened at $107.55 on Monday. The firm’s 50-day simple moving average is $97.28 and its 200-day simple moving average is $95.60. 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 Charles Schwab Corporation has a 1-year low of $83.96 and a 1-year high of $109.05. The firm has a market cap of $187.04 billion, a P/E ratio of 19.55, a PEG ratio of 0.82 and a beta of 0.76.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. Charles Schwab had a net margin of 38.79% and a return on equity of 24.73%. The firm had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same period in the previous year, the firm earned $1.14 earnings per share. Charles Schwab’s revenue was up 20.9% compared to the same quarter last year. As a group, equities analysts forecast that The Charles Schwab Corporation will post 6.46 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.2%. Charles Schwab’s payout ratio is currently 23.27%.

Charles Schwab 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.