Keene & Associates Inc. Purchases 610 Shares of The Charles Schwab Co. (NYSE:SCHW)

Keene & Associates Inc. raised its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,321 shares of the financial services provider’s stock after acquiring an additional 610 shares during the quarter. Keene & Associates Inc.’s holdings in Charles Schwab were worth $604,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of SCHW. Country Trust Bank bought a new stake in shares of Charles Schwab during the 2nd quarter valued at about $26,000. Fortitude Family Office LLC boosted its holdings in shares of Charles Schwab by 97.5% during the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after buying an additional 192 shares in the last quarter. American Capital Advisory LLC acquired a new stake in shares of Charles Schwab during the 2nd quarter worth approximately $27,000. CGC Financial Services LLC bought a new stake in shares of Charles Schwab in the 2nd quarter valued at $29,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of Charles Schwab in the 2nd quarter valued at $29,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 1.1 %

SCHW opened at $71.71 on Thursday. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. The firm has a market capitalization of $127.53 billion, a P/E ratio of 28.01, a PEG ratio of 1.65 and a beta of 0.97. The company’s 50-day moving average is $65.45 and its 200 day moving average is $69.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 EPS. Research analysts expect that The Charles Schwab Co. will post 3.11 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.39%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Analyst Ratings Changes

SCHW has been the topic of several research analyst reports. Cowen increased their target price on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. TD Cowen reissued a “hold” rating and set a $71.00 price objective (down previously from $88.00) on shares of Charles Schwab in a research report on Wednesday, July 17th. Citigroup reduced their target price on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, September 27th. Barclays upped their price target on Charles Schwab from $64.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their price target on Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $73.59.

Insider Activity

In related news, insider Paul V. Woolway sold 1,150 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $65.20, for a total value of $74,980.00. Following the transaction, the insider now directly owns 61,887 shares of the company’s stock, valued at approximately $4,035,032.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Charles Schwab news, insider Paul V. Woolway sold 1,150 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $65.20, for a total transaction of $74,980.00. Following the completion of the transaction, the insider now directly owns 61,887 shares of the company’s stock, valued at approximately $4,035,032.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 562,129 shares in the company, valued at approximately $36,594,597.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 182,001 shares of company stock valued at $12,512,592 in the last ninety days. 6.60% of the stock is currently owned by insiders.

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.