Enterprise Bank & Trust Co Lowers Holdings in The Charles Schwab Co. (NYSE:SCHW)

Enterprise Bank & Trust Co lowered its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,982 shares of the financial services provider’s stock after selling 158 shares during the period. Enterprise Bank & Trust Co’s holdings in Charles Schwab were worth $647,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCHW. M&G Plc purchased a new stake in Charles Schwab during the 1st quarter valued at approximately $11,452,000. Teewinot Capital Advisers L.L.C. grew its stake in 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 acquiring an additional 64,041 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Charles Schwab by 10.4% in the 1st quarter. Daiwa Securities Group Inc. now owns 190,597 shares of the financial services provider’s stock valued at $13,788,000 after acquiring an additional 17,925 shares during the last quarter. Wedmont Private Capital lifted its stake in Charles Schwab by 12.2% in the 1st quarter. Wedmont Private Capital now owns 13,130 shares of the financial services provider’s stock worth $949,000 after purchasing an additional 1,430 shares in the last quarter. Finally, Bridgewater Associates LP boosted its holdings in shares of Charles Schwab by 217.8% during the 4th quarter. Bridgewater Associates LP now owns 194,339 shares of the financial services provider’s stock valued at $13,371,000 after purchasing an additional 133,186 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Up 2.7 %

Shares of NYSE SCHW opened at $66.68 on Thursday. The business’s 50 day moving average price is $63.95 and its 200-day moving average price is $69.62. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market cap of $118.59 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 1.39 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.68 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. On average, sell-side analysts expect that The Charles Schwab Co. will post 3.06 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a $0.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.00 annualized dividend and a yield of 1.50%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Analyst Ratings Changes

A number of equities research analysts recently commented on SCHW shares. Morgan Stanley decreased their target price on Charles Schwab from $70.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Monday. TD Cowen reaffirmed a “hold” rating and set a $71.00 price objective (down from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Charles Schwab from $79.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, August 15th. The Goldman Sachs Group decreased their price target on shares of Charles Schwab from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, September 26th. Finally, Barclays lowered their price objective on shares of Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.25.

Insiders Place Their Bets

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $61.96, for a total value of $557,640.00. Following the completion of the sale, the director now owns 567,057 shares in the company, valued at approximately $35,134,851.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Charles Schwab news, CEO Walter W. Bettinger bought 25,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were acquired at an average price of $66.26 per share, with a total value of $1,656,500.00. Following the transaction, the chief executive officer now owns 827,377 shares of the company’s stock, valued at approximately $54,822,000.02. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $61.96, for a total transaction of $557,640.00. Following the transaction, the director now owns 567,057 shares in the company, valued at approximately $35,134,851.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 98,856 shares of company stock worth $6,398,604 in the last three months. Corporate insiders own 6.60% of the company’s stock.

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.