DRW Securities LLC Has $454,000 Stake in The Charles Schwab Co. (NYSE:SCHW)

DRW Securities LLC lowered its holdings in The Charles Schwab Co. (NYSE:SCHW) by 91.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,005 shares of the financial services provider’s stock after selling 74,812 shares during the quarter. DRW Securities LLC’s holdings in Charles Schwab were worth $454,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCHW. Washington Trust Advisors Inc. boosted its position in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Charles Schwab during the 3rd quarter valued at $25,000. Country Trust Bank purchased a new position in Charles Schwab during the 2nd quarter worth $26,000. American Capital Advisory LLC purchased a new position in Charles Schwab during the 2nd quarter worth $27,000. Finally, Fortitude Family Office LLC grew its stake in shares of Charles Schwab by 97.5% in the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 192 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Up 0.6 %

NYSE:SCHW opened at $82.22 on Wednesday. The company has a market cap of $146.32 billion, a P/E ratio of 32.12, a P/E/G ratio of 1.77 and a beta of 0.96. The Charles Schwab Co. has a 1 year low of $55.59 and a 1 year high of $82.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock’s fifty day moving average price is $71.28 and its two-hundred day moving average price is $69.85.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the company earned $0.77 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. As a group, analysts expect that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio is presently 39.06%.

Insider Buying and Selling at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the sale, the director now owns 554,929 shares in the company, valued at approximately $35,543,202.45. This trade represents a 1.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 62,345 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the completion of the sale, the chairman now directly owns 60,619,371 shares in the company, valued at $4,396,116,784.92. This represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,668 shares of company stock valued at $9,230,648 in the last three months. Company insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. JMP Securities increased their price target on Charles Schwab from $82.00 to $84.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 16th. Morgan Stanley boosted their price objective on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group raised their target price on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $74.18.

Charles Schwab 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.