Greenup Street Wealth Management LLC Has $3.31 Million Stock Holdings in The Charles Schwab Corporation $SCHW

Greenup Street Wealth Management LLC decreased its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 26.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 34,707 shares of the financial services provider’s stock after selling 12,470 shares during the period. Greenup Street Wealth Management LLC’s holdings in Charles Schwab were worth $3,313,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SCHW. Princeton Global Asset Management LLC acquired a new stake in Charles Schwab during the second quarter worth approximately $25,000. RMG Wealth Management LLC bought a new position in shares of Charles Schwab during the second quarter worth approximately $27,000. CBIZ Investment Advisory Services LLC increased its stake in shares of Charles Schwab by 97.9% during the first quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 191 shares during the period. Activest Wealth Management lifted 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 worth $32,000 after purchasing an additional 399 shares during the last quarter. Finally, Hoese & Co LLP boosted its stake in Charles Schwab by 131.6% in the 2nd quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 200 shares during the period. 84.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Charles Schwab news, insider Jonathan S. Beatty sold 3,072 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $98.00, for a total transaction of $301,056.00. Following the sale, the insider owned 11,923 shares of the company’s stock, valued at approximately $1,168,454. The trade was a 20.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 3,205 shares of the stock in a transaction on Wednesday, October 1st. The shares were 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 of the company’s stock, valued at $3,245,830.74. The trade was a 8.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Trading Up 0.1%

Shares of SCHW opened at $101.92 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.58 and a current ratio of 0.58. The Charles Schwab Corporation has a 52-week low of $65.88 and a 52-week high of $102.28. The firm has a market cap of $181.10 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 0.83 and a beta of 0.96. The business’s fifty day moving average is $94.96 and its 200-day moving average is $94.18.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.06. Charles Schwab had a return on equity of 21.02% and a net margin of 35.93%.The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $5.93 billion. During the same period last year, the firm posted $0.71 earnings per share. Charles Schwab’s revenue was up 26.6% compared to the same quarter last year. Equities analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were issued a dividend of $0.27 per share. 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%.

Analysts Set New Price Targets

Several research analysts have weighed in on SCHW shares. UBS Group began coverage on Charles Schwab in a research report on Thursday, December 11th. They set a “buy” rating and a $119.00 price objective on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Charles Schwab in a research note on Wednesday, October 8th. Barclays lowered their price target on shares of Charles Schwab from $115.00 to $111.00 and set an “overweight” rating on the stock in a research report on Friday, December 12th. TD Cowen boosted their price objective on shares of Charles Schwab from $129.00 to $134.00 and gave the company a “buy” rating in a report on Friday, October 17th. Finally, Zacks Research cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Charles Schwab presently has an average rating of “Moderate Buy” and a consensus price target of $108.84.

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.