Y.D. More Investments Ltd Takes Position in The Charles Schwab Co. (NYSE:SCHW)

Y.D. More Investments Ltd bought a new position in The Charles Schwab Co. (NYSE:SCHW) in the second quarter, HoldingsChannel.com reports. The fund bought 790 shares of the financial services provider’s stock, valued at approximately $58,000.

Other hedge funds have also added to or reduced their stakes in the company. Country Trust Bank purchased a new stake in shares of Charles Schwab during the 2nd quarter valued at about $26,000. American Capital Advisory LLC purchased a new stake in Charles Schwab during the second quarter valued at approximately $27,000. Fortitude Family Office LLC increased its holdings in Charles Schwab by 97.5% during the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after buying an additional 192 shares during the last quarter. CGC Financial Services LLC purchased a new position in shares of Charles Schwab during the 2nd quarter worth $29,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of Charles Schwab during the 2nd quarter valued at $29,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

SCHW opened at $62.12 on Friday. The stock has a market capitalization of $110.48 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 1.19 and a beta of 0.97. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The company has a fifty day moving average of $65.33 and a 200 day moving average of $70.00.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The firm had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts forecast that The Charles Schwab Co. will post 3.05 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.61%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insider Activity

In related news, insider Jonathan S. Beatty sold 780 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $75.00, for a total transaction of $58,500.00. Following the sale, the insider now owns 18,069 shares of the company’s stock, valued at $1,355,175. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Jonathan S. Beatty sold 780 shares of Charles Schwab stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $75.00, for a total value of $58,500.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at $1,355,175. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.10, for a total value of $802,032.00. Following the sale, the director now owns 562,129 shares in the company, valued at $36,594,597.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,636 shares of company stock worth $6,533,064. 6.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of recent research reports. TD Cowen reaffirmed a “hold” rating and issued a $71.00 target price (down from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Charles Schwab in a research note on Thursday, August 22nd. Wells Fargo & Company assumed coverage on Charles Schwab in a research note on Thursday. They set an “equal weight” rating and a $70.00 price objective for the company. UBS Group decreased their target price on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Finally, JMP Securities dropped their price target on shares of Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a research report on Tuesday, July 23rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and a consensus target price of $73.75.

Charles Schwab Company 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.