Cyndeo Wealth Partners LLC Purchases 342 Shares of The Charles Schwab Co. (NYSE:SCHW)

Cyndeo Wealth Partners LLC boosted its position in The Charles Schwab Co. (NYSE:SCHW) by 10.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,597 shares of the financial services provider’s stock after acquiring an additional 342 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Charles Schwab were worth $233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Country Trust Bank acquired a new stake in shares of Charles Schwab during the 2nd quarter worth approximately $26,000. American Capital Advisory LLC acquired a new stake in Charles Schwab during the 2nd quarter worth $27,000. Fortitude Family Office LLC raised its position 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 valued at $29,000 after acquiring an additional 192 shares during the last quarter. CGC Financial Services LLC acquired a new position in shares of Charles Schwab in the 2nd quarter valued at $29,000. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of Charles Schwab in the 2nd quarter worth $29,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated 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 owns 554,929 shares of the company’s stock, valued at $35,543,202.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Paul V. Woolway sold 1,150 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $65.20, for a total transaction of $74,980.00. Following the completion of the sale, the insider now owns 61,887 shares in the company, valued at approximately $4,035,032.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 182,001 shares of company stock worth $12,512,592. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Down 0.7 %

Charles Schwab stock opened at $70.87 on Tuesday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. The company has a fifty day simple moving average of $65.16 and a 200 day simple moving average of $69.49. The company has a market cap of $126.04 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.65 and a beta of 0.97.

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

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.41%. Charles Schwab’s dividend payout ratio is presently 39.06%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SCHW shares. The Goldman Sachs Group increased their target price on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. 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 note on Wednesday, July 17th. UBS Group lowered their target price on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company upped their price objective 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. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab has an average rating of “Hold” and a consensus target price of $73.59.

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.