WoodTrust Financial Corp Cuts Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

WoodTrust Financial Corp cut its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 47.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,472 shares of the financial services provider's stock after selling 15,145 shares during the quarter. WoodTrust Financial Corp's holdings in Charles Schwab were worth $1,068,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Charles Schwab by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 120,963,133 shares of the financial services provider's stock worth $8,750,473,000 after purchasing an additional 1,042,823 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Charles Schwab by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider's stock worth $5,230,657,000 after acquiring an additional 2,946,327 shares in the last quarter. Legal & General Group Plc boosted its position in Charles Schwab by 2.1% during the second quarter. Legal & General Group Plc now owns 10,886,058 shares of the financial services provider's stock valued at $802,193,000 after buying an additional 225,397 shares during the period. Allen Investment Management LLC boosted its position in Charles Schwab by 3.0% during the second quarter. Allen Investment Management LLC now owns 8,712,364 shares of the financial services provider's stock valued at $642,014,000 after buying an additional 251,485 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in shares of Charles Schwab by 8.9% during the first quarter. Lazard Asset Management LLC now owns 7,305,050 shares of the financial services provider's stock worth $528,445,000 after purchasing an additional 596,589 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the sale, the director now owns 554,929 shares in the company, valued at approximately $35,543,202.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the completion of the transaction, the director now directly owns 554,929 shares of the company's stock, valued at approximately $35,543,202.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the transaction, the chairman now owns 60,619,371 shares of the company's stock, valued at $4,396,116,784.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,465 shares of company stock worth $8,050,109 over the last quarter. 6.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SCHW shares. Piper Sandler increased their target price on shares of Charles Schwab from $64.00 to $65.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. Jefferies Financial Group dropped their target price on shares of Charles Schwab from $79.00 to $73.00 and set a "buy" rating for the company in a report on Friday, October 4th. Citigroup decreased their price target 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. JMP Securities increased their price target on shares of Charles Schwab from $82.00 to $84.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group increased their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $73.94.

Charles Schwab Stock Performance

SCHW traded down $2.50 during midday trading on Thursday, reaching $73.25. The company had a trading volume of 5,445,406 shares, compared to its average volume of 8,008,864. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average of $66.90 and a two-hundred day moving average of $69.49. The company has a market cap of $130.27 billion, a P/E ratio of 29.58, a P/E/G ratio of 1.63 and a beta of 0.96. The Charles Schwab Co. has a 1 year low of $53.49 and a 1 year high of $79.49.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly 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 during the quarter, compared to analysts' expectations of $4.78 billion. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. The business's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.77 earnings per share. As a group, equities research analysts predict that The Charles Schwab Co. will post 3.11 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, November 8th. Charles Schwab's payout ratio is 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.