Great Valley Advisor Group Inc. Buys 5,065 Shares of The Charles Schwab Co. (NYSE:SCHW)

Great Valley Advisor Group Inc. lifted its position in The Charles Schwab Co. (NYSE:SCHW) by 20.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,228 shares of the financial services provider’s stock after buying an additional 5,065 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Charles Schwab were worth $1,959,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nicolet Advisory Services LLC grew its holdings in Charles Schwab by 30.2% in the 3rd quarter. Nicolet Advisory Services LLC now owns 20,155 shares of the financial services provider’s stock valued at $1,278,000 after buying an additional 4,677 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in shares of Charles Schwab in the third quarter valued at about $636,000. Icon Wealth Advisors LLC increased its position in Charles Schwab by 72.0% during the third quarter. Icon Wealth Advisors LLC now owns 9,100 shares of the financial services provider’s stock worth $590,000 after acquiring an additional 3,808 shares during the period. Allen Capital Group LLC raised its stake in Charles Schwab by 3.7% in the 3rd quarter. Allen Capital Group LLC now owns 70,968 shares of the financial services provider’s stock worth $4,599,000 after purchasing an additional 2,530 shares in the last quarter. Finally, Biltmore Family Office LLC boosted its holdings in Charles Schwab by 90.0% in the 3rd quarter. Biltmore Family Office LLC now owns 5,217 shares of the financial services provider’s stock valued at $338,000 after purchasing an additional 2,471 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Trading Up 0.6 %

NYSE:SCHW opened at $81.26 on Monday. The Charles Schwab Co. has a 52 week low of $55.59 and a 52 week high of $82.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The firm’s fifty day moving average is $70.55 and its 200-day moving average is $69.76. The firm has a market cap of $144.62 billion, a P/E ratio of 31.74, a P/E/G ratio of 1.76 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate 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 period last year, the business posted $0.77 EPS. Equities analysts expect that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Friday, November 8th. Charles Schwab’s payout ratio is 39.06%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SCHW shares. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Bank of America dropped their price objective on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a report on Wednesday, October 16th. JMP Securities raised their price target on Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 16th. Raymond James cut their price objective on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Finally, Citigroup decreased their target price on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, September 27th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and an average target price of $74.18.

Insiders Place Their Bets

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now owns 442,807 shares in the company, valued at approximately $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 112,929 shares of company stock worth $8,196,624. Corporate insiders own 6.60% of the company’s stock.

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.