The Charles Schwab Corporation $SCHW Stock Sold by Orange Investment Advisors Inc.

Orange Investment Advisors Inc. lowered its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 10.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,162 shares of the financial services provider’s stock after selling 5,668 shares during the quarter. Orange Investment Advisors Inc.’s holdings in Charles Schwab were worth $4,707,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Compass Financial Management LLC acquired a new stake in Charles Schwab in the second quarter valued at approximately $27,000. Scarborough Advisors LLC acquired a new position in Charles Schwab in the 1st quarter valued at approximately $29,000. Main Street Group LTD acquired a new position in shares of Charles Schwab in the first quarter valued at $33,000. Mascoma Wealth Management LLC raised its stake in shares of Charles Schwab by 71.6% in the 3rd quarter. Mascoma Wealth Management LLC now owns 374 shares of the financial services provider’s stock valued at $37,000 after buying an additional 156 shares in the last quarter. Finally, GK Wealth Management LLC bought a new position in Charles Schwab during the third quarter worth about $41,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Dennis Howard sold 28,000 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $105.01, for a total transaction of $2,940,280.00. Following the sale, the insider owned 10,470 shares of the company’s stock, valued at $1,099,454.70. This trade represents a 72.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan S. Beatty sold 1,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $111.33, for a total value of $111,330.00. Following the sale, the insider owned 10,738 shares in the company, valued at approximately $1,195,461.54. This trade represents a 8.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 407,142 shares of company stock valued at $44,787,802. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Trading Down 0.0%

Shares of SCHW stock opened at $90.56 on Monday. The stock has a 50 day simple moving average of $102.66 and a 200 day simple moving average of $98.09. The stock has a market cap of $156.61 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 0.81 and a beta of 0.79. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The Charles Schwab Corporation has a 1 year low of $83.96 and a 1 year high of $114.53.

Charles Schwab (NYSE:SCHW) last released its earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.03. Charles Schwab had a return on equity of 25.79% and a net margin of 39.33%. The company had revenue of $7.17 billion for the quarter, compared to analyst estimates of $7.18 billion. During the same period in the prior year, the firm posted $1.31 EPS. Charles Schwab’s quarterly revenue was up 16.9% on a year-over-year basis. On average, research analysts predict that The Charles Schwab Corporation will post 6.41 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be paid a $0.32 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. Charles Schwab’s dividend payout ratio (DPR) is presently 21.84%.

Analyst Ratings Changes

SCHW has been the topic of several analyst reports. Truist Financial set a $115.00 target price on shares of Charles Schwab in a report on Friday, October 16th. Compass Point upped their price target on Charles Schwab from $135.00 to $136.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $117.00 target price (down from $122.00) on shares of Charles Schwab in a report on Friday, October 16th. Wells Fargo & Company decreased their target price on Charles Schwab from $105.00 to $103.00 and set an “equal weight” rating for the company in a research report on Friday, October 16th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $111.00 price objective (up from $109.00) on shares of Charles Schwab in a research note on Friday, October 16th. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $120.18.

More Charles Schwab News

Here are the key news stories impacting Charles Schwab this week:

• Positive Sentiment: Schwab may benefit if short-term interest rates remain elevated. Higher yields can increase the income the cash-rich brokerage earns on client balances, potentially supporting net interest revenue and profitability. Why Charles Schwab Stock Could Benefit If Short Term Rates Stay Higher
• Positive Sentiment: The board declared a regular quarterly common-stock dividend of $0.32 per share, equivalent to $1.28 annually and a stated yield of approximately 1.4%. The dividend is payable November 27 to shareholders of record November 13. Schwab Declares Quarterly Common Stock Dividend and Declares Preferred Stock Dividends
• Positive Sentiment: Opening two Portland branches could expand Schwab’s local presence and support client acquisition, although the financial impact is likely modest initially. Schwab opens two new Portland branches to expand local access

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a financial services company that provides investment, wealth management, banking and related services to individual investors, financial professionals and institutional clients. Through its brokerage business, Schwab offers trading and custody services for stocks, exchange-traded funds, mutual funds, options, fixed-income securities and other investments, along with retirement accounts and investment research tools.

The company also provides advisory and wealth management services, including managed portfolios, financial planning and support for registered investment advisors.