JFS Wealth Advisors LLC Purchases 24,643 Shares of The Charles Schwab Co. (NYSE:SCHW)

JFS Wealth Advisors LLC grew its holdings in The Charles Schwab Co. (NYSE:SCHW) by 6,286.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,035 shares of the financial services provider’s stock after purchasing an additional 24,643 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Charles Schwab were worth $1,623,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SCHW. Price T Rowe Associates Inc. MD increased its holdings in shares of Charles Schwab by 4.2% during the 1st 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 purchasing an additional 2,946,327 shares during the period. Darsana Capital Partners LP raised its holdings in Charles Schwab by 200.0% in the 2nd quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock valued at $221,070,000 after acquiring an additional 2,000,000 shares in the last quarter. Mondrian Investment Partners LTD lifted its position in shares of Charles Schwab by 28,736.1% in the 1st quarter. Mondrian Investment Partners LTD now owns 1,485,637 shares of the financial services provider’s stock worth $107,471,000 after acquiring an additional 1,480,485 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Charles Schwab during the 1st quarter worth approximately $105,563,000. Finally, Westwood Holdings Group Inc. increased its position in shares of Charles Schwab by 231.2% during the first quarter. Westwood Holdings Group Inc. now owns 1,498,929 shares of the financial services provider’s stock valued at $108,433,000 after purchasing an additional 1,046,322 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. This represents 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, Chairman Charles R. Schwab sold 62,345 shares of Charles Schwab stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value of $4,521,259.40. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the transaction, the director now directly owns 554,929 shares of the company’s stock, valued at $35,543,202.45. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,465 shares of company stock valued at $8,050,109 in the last 90 days. 6.60% of the stock is owned by insiders.

Charles Schwab Stock Performance

Charles Schwab stock opened at $71.10 on Thursday. The Charles Schwab Co. has a 1 year low of $50.30 and a 1 year high of $79.49. The company’s 50-day moving average is $66.13 and its two-hundred day moving average is $69.52. 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 company has a market cap of $126.36 billion, a PE ratio of 29.75, a PEG ratio of 1.65 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last released its 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 firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 EPS. Equities analysts anticipate that The Charles Schwab Co. will post 3.11 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.41%. Charles Schwab’s dividend payout ratio is 41.84%.

Analyst Ratings Changes

SCHW has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Raymond James lowered their target price on shares of Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Cowen lifted their price objective on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group increased their target price on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Two 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. According to MarketBeat, Charles Schwab currently has an average rating of “Hold” and an average target price of $73.94.

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.