Founders Financial Alliance LLC Buys Shares of 722 The Charles Schwab Co. (NYSE:SCHW)

Founders Financial Alliance LLC purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 722 shares of the financial services provider’s stock, valued at approximately $53,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Country Trust Bank acquired a new position in Charles Schwab during the 2nd quarter valued at about $26,000. American Capital Advisory LLC purchased a new stake in shares of Charles Schwab during the second quarter worth about $27,000. Fortitude Family Office LLC increased its holdings 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 in the last quarter. CGC Financial Services LLC purchased a new position in shares of Charles Schwab in the 2nd quarter valued at approximately $29,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of Charles Schwab in the 2nd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 780 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $75.00, for a total transaction of $58,500.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at approximately $1,355,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Jonathan S. Beatty sold 780 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $75.00, for a total transaction of $58,500.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at approximately $1,355,175. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $61.96, for a total transaction of $557,640.00. Following the completion of the transaction, the director now directly owns 567,057 shares in the company, valued at $35,134,851.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,636 shares of company stock valued at $6,457,104. Company insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

NYSE:SCHW opened at $63.91 on Wednesday. The company has a 50 day moving average price of $64.08 and a 200-day moving average price of $69.82. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. The firm has a market cap of $113.66 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. 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 issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. The company’s revenue was up .7% compared to the same quarter last year. Equities research analysts forecast that The Charles Schwab Co. will post 3.05 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.56%. The ex-dividend date was Friday, August 9th. Charles Schwab’s payout ratio is currently 41.84%.

Analyst Ratings Changes

SCHW has been the topic of a number of recent analyst reports. Wells Fargo & Company initiated coverage on shares of Charles Schwab in a research note on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price target on the stock. Morgan Stanley cut their target price on Charles Schwab from $71.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, August 16th. Barclays reduced their target price on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 17th. Jefferies Financial Group boosted their price target on Charles Schwab from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Finally, UBS Group reduced their price objective on Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $73.31.

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.