Greenwood Gearhart Inc. Grows Position in The Charles Schwab Co. (NYSE:SCHW)

Greenwood Gearhart Inc. lifted its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 9.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 162,885 shares of the financial services provider's stock after buying an additional 13,817 shares during the quarter. Greenwood Gearhart Inc.'s holdings in Charles Schwab were worth $10,557,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Benjamin Edwards Inc. raised its stake in shares of Charles Schwab by 2,840.7% during the third quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider's stock valued at $398,000 after acquiring an additional 5,937 shares in the last quarter. Patten & Patten Inc. TN lifted its holdings in shares of Charles Schwab by 155.9% in the 3rd quarter. Patten & Patten Inc. TN now owns 104,168 shares of the financial services provider's stock worth $6,751,000 after buying an additional 63,463 shares during the period. Equity Investment Corp grew its position in shares of Charles Schwab by 9.4% during the 3rd quarter. Equity Investment Corp now owns 1,640,157 shares of the financial services provider's stock worth $106,299,000 after buying an additional 140,643 shares in the last quarter. Teewinot Capital Advisers L.L.C. increased its stake in shares of Charles Schwab by 9.0% during the second quarter. Teewinot Capital Advisers L.L.C. now owns 775,161 shares of the financial services provider's stock valued at $57,122,000 after buying an additional 64,041 shares during the period. Finally, Iowa State Bank grew its holdings in Charles Schwab by 37.9% during the 3rd quarter. Iowa State Bank now owns 28,476 shares of the financial services provider's stock worth $1,846,000 after acquiring an additional 7,829 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company's stock, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 62,345 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chairman now directly owns 60,619,371 shares of the company's stock, valued at $4,396,116,784.92. The trade was a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 127,968 shares of company stock valued at $9,419,271. 6.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SCHW. Cowen lifted their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the company a "hold" rating in a report on Tuesday, October 15th. Citigroup reduced their price target on Charles Schwab from $75.00 to $72.00 and set a "neutral" rating for the company in a research report on Friday, September 27th. Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $76.00 to $81.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Wells Fargo & Company increased their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $86.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Charles Schwab presently has a consensus rating of "Hold" and an average price target of $78.81.

Charles Schwab Stock Up 1.0 %

SCHW traded up $0.83 on Tuesday, reaching $82.34. The company's stock had a trading volume of 4,128,980 shares, compared to its average volume of 7,992,557. The company has a market capitalization of $146.54 billion, a price-to-earnings ratio of 31.84, a P/E/G ratio of 1.77 and a beta of 0.96. The Charles Schwab Co. has a fifty-two week low of $59.67 and a fifty-two week high of $83.35. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average of $74.41 and a two-hundred day moving average of $70.16.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion for the quarter, compared to analysts' expectations of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business's revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 earnings per share. As a group, analysts forecast that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab's dividend payout ratio is presently 39.06%.

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.