Financial Enhancement Group LLC Takes Position in The Charles Schwab Co. (NYSE:SCHW)

Financial Enhancement Group LLC purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 65,479 shares of the financial services provider's stock, valued at approximately $4,244,000.

Several other large investors have also made changes to their positions in the company. Country Trust Bank acquired a new stake in Charles Schwab in the second quarter valued at approximately $26,000. American Capital Advisory LLC bought a new position in shares of Charles Schwab during the second quarter valued at $27,000. Fortitude Family Office LLC raised its stake in shares of 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 acquiring an additional 192 shares during the last quarter. CGC Financial Services LLC bought a new position in shares of Charles Schwab during the second quarter valued at $29,000. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of Charles Schwab during the second quarter valued at $29,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the business's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the transaction, the director now directly owns 551,329 shares in the company, valued at approximately $39,783,900.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the business's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total value of $4,521,259.40. Following the transaction, the chairman now directly owns 60,619,371 shares in the company, valued at $4,396,116,784.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the business's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the completion of the transaction, the director now owns 551,329 shares in the company, valued at approximately $39,783,900.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,465 shares of company stock worth $8,050,109. 6.60% of the stock is owned by insiders.

Charles Schwab Stock Down 3.5 %

SCHW traded down $2.65 during midday trading on Thursday, hitting $73.10. The company had a trading volume of 10,379,292 shares, compared to its average volume of 8,031,696. The company has a market capitalization of $130.00 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 1.63 and a beta of 0.96. The stock's 50 day moving average price is $66.90 and its 200 day moving average price is $69.49. The Charles Schwab Co. has a 52 week low of $53.49 and a 52 week high of $79.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.02. The firm had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The business's revenue was up 5.2% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. On average, research analysts anticipate that The Charles Schwab Co. will post 3.11 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.37%. The ex-dividend date is Friday, November 8th. Charles Schwab's dividend payout ratio (DPR) is presently 39.06%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. JMP Securities raised their price target on shares of Charles Schwab from $82.00 to $84.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 16th. Jefferies Financial Group dropped their price target on shares of Charles Schwab from $79.00 to $73.00 and set a "buy" rating for the company in a research note on Friday, October 4th. TD Cowen reaffirmed a "hold" rating and set a $71.00 price target (down previously from $88.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Barclays lifted their target price on shares of 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, Citigroup lowered their target price on shares of Charles Schwab from $75.00 to $72.00 and set a "neutral" rating for the company in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $73.94.

About Charles Schwab

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.