Semus Wealth Partners LLC Purchases 684 Shares of The Charles Schwab Co. (NYSE:SCHW)

Semus Wealth Partners LLC lifted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 18.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,408 shares of the financial services provider’s stock after purchasing an additional 684 shares during the period. Semus Wealth Partners LLC’s holdings in Charles Schwab were worth $286,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SCHW. Kingsview Wealth Management LLC raised its stake in shares of Charles Schwab by 26.3% during the 1st quarter. Kingsview Wealth Management LLC now owns 6,245 shares of the financial services provider’s stock worth $452,000 after purchasing an additional 1,302 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Charles Schwab by 26.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 83,207 shares of the financial services provider’s stock worth $6,019,000 after acquiring an additional 17,433 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Charles Schwab by 7.2% during the 1st quarter. Bessemer Group Inc. now owns 365,888 shares of the financial services provider’s stock worth $26,468,000 after acquiring an additional 24,431 shares during the last quarter. Lake Street Advisors Group LLC increased its holdings in shares of Charles Schwab by 28.7% during the 1st quarter. Lake Street Advisors Group LLC now owns 13,187 shares of the financial services provider’s stock worth $954,000 after acquiring an additional 2,942 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Charles Schwab during the 1st quarter worth approximately $105,563,000. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In related news, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the sale, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. This represents a 12.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the sale, the director now owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,645 shares of company stock worth $7,440,627 in the last ninety days. 6.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of recent analyst reports. Morgan Stanley boosted their target price on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Wells Fargo & Company boosted their target price on Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. JMP Securities boosted their target price on Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 16th. Piper Sandler boosted their target price on Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 11th. 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $74.18.

Charles Schwab Stock Performance

NYSE:SCHW opened at $80.59 on Monday. The stock has a fifty day moving average price of $68.74 and a 200-day moving average price of $69.59. The company has a market cap of $143.42 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 1.76 and a beta of 0.96. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.47. The Charles Schwab Co. has a fifty-two week low of $55.42 and a fifty-two week high of $82.50.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating 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 company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. As a group, equities analysts anticipate that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.24%. Charles Schwab’s dividend payout ratio is currently 39.06%.

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.