[ad_1]
Sfmg LLC acquired a new stake in shares of Charles Schwab Common Stock Co. (NYSE: SCHW) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,118 shares of the financial services provider's stock, valued at approximately $ 210,000.
Several other investors and hedge funds also in their company. Massey Quick Simon & CO. LLC lifted its position in Charles Schwab Common Stock Co. by 118.6% during the first quarter. Massey Quick Simon & CO. LLC now owns 2,088 shares of the financial services provider's stock value at $ 109,000 after purchasing an additional 1,133 shares during the last quarter. Acropolis Investment Management LLC purchased a new stake in shares of Charles Schwab Co. Common Stock in the second quarter valued at $ 115,000. Well Done LLC bought a new stake in shares of Charles Schwab Co. Common Stock in the first quarter valued at $ 118,000. Kaizen Advisory LLC raised its stake in shares of Charles Schwab Common Stock Co. by 157.6% in the second quarter. Kaizen Advisory LLC now owns 2,980 shares of the financial services provider at $ 152,000 after acquiring an additional 1,823 shares during the period. Finally, Lombard Odier SCmA Company raised its stake in shares of Charles Schwab Common Stock Co. by 6.692.5% in the first quarter. Lombard Odier Company SCmA now owns 3,600 shares of the financial services provider is valued at $ 188,000 after acquiring an additional 3,547 shares during the period. 80.28% of the stock is owned by hedge funds and other institutional investors.
SCHW stock opened at $ 50.16 on Friday. The stock has a market capitalization of $ 67.77 billion, a P / E ratio of 24.96, a P / E / G ratio of 1.26 and a beta of 1.53. Charles Schwab Co. Common Stock has a month of $ 38.15 and a 12 month high of $ 60.22. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.33.
Charles Schwab Co. Common Stock (NYSE: SCHW) last posted its quarterly earnings on Tuesday, July 17th. The financial services provider reported $ 0.60 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $ 0.58 by $ 0.02. The company had revenue of $ 2.49 billion for the quarter, compared to the consensus estimate of $ 2.46 billion. Charles Schwab Co. Common Stock had a net margin of 30.83% and a return on equity of 17.96%. The firm's revenue was up 16.7% compared to the same quarter last year. During the last quarter, the firm posted $ 0.39 EPS. equities research analysts expect that Charles Schwab Co. Common Stock will post 2.43 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Friday, August 10th were given a dividend of $ 0.13 per share. This is an increase from Charles Schwab Common Stock's previous quarterly dividend of $ 0.10. The former dividend date was Thursday, August 9th. This represents a $ 0.52 annualized yield and a yield of 1.04%. Charles Schwab Co. Common Stock's dividend payout ratio (DPR) is 31.71%.
Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group reissued a "buy" rating and issued a $ 66.00 target price on the shares of Charles Schwab Co. ValuEngine downgraded shares of Charles Schwab Common Stock a "buy" rating to a "hold" rating in a research note on Wednesday, June 27th. JPMorgan Chase & Co. set a $ 59.00 Charles Schwab Co. Common Stock and Gave the Company a "buy" rating in a research note on Monday, July 16th. Zacks Investment Research downgraded shares of Charles Schwab Stock Common from a "buy" rating to a "hold" rating in a research note on Wednesday, July 11th. Finally, Charles Schwab Co., Compass Point Assumed Coverage on Shares of Common Stock on a research note on Tuesday, June 5th. They issued a "neutral" rating and a $ 60.00 target price on the stock. One research analyst has a rating of seven, has been assigned a rating and has been awarded a rating for the company's stock. The company has a consensus rating of "Hold" and a consensus target price of $ 57.80.
In other Charles Schwab Common Stock News, EVP Jonathan M. Craig sold 2,629 shares of the firm's stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $ 56.03, for a total transaction of $ 147,302.87. The transaction was disclosed in a SEC filing, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 190,500 shares of the firm in a transaction dated Tuesday, July 24th. The shares were sold at an average price of $ 52.75, for a total transaction of $ 10,048,875.00. The disclosure for this sale can be found here. Insiders have total of 208,847 shares of stock worth $ 10,999,996 in the last three months. Insiders own 11.50% of the company's stock.
About Charles Schwab Co. Common Stock
The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan full-service sponsors recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan and mutual fund clearing services.
See Also: Technical Analysis
Receive News & Ratings for Charles Schwab Common Stock Daily Click here to subscribe to the latest news and analysts' ratings for the Charles Schwab Co. Common Stock and related companies MarketBeat.com's FREE daily email newsletter.
Source link
