Geller Advisors LLC Has $461,000 Stake in The Charles Schwab Co. (NYSE:SCHW)

Geller Advisors LLC reduced its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,111 shares of the financial services provider’s stock after selling 242 shares during the period. Geller Advisors LLC’s holdings in Charles Schwab were worth $461,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Drucker Wealth 3.0 LLC raised its holdings in shares of Charles Schwab by 1.9% during the third quarter. Drucker Wealth 3.0 LLC now owns 40,117 shares of the financial services provider’s stock valued at $2,600,000 after purchasing an additional 742 shares during the period. SGL Investment Advisors Inc. acquired a new position in Charles Schwab during the 3rd quarter worth approximately $2,465,000. Nomura Asset Management Co. Ltd. boosted its holdings in Charles Schwab by 11.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 865,919 shares of the financial services provider’s stock worth $56,120,000 after acquiring an additional 88,962 shares in the last quarter. Y Intercept Hong Kong Ltd grew its stake in Charles Schwab by 125.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 20,728 shares of the financial services provider’s stock valued at $1,343,000 after acquiring an additional 11,537 shares during the period. Finally, MML Investors Services LLC increased its holdings in shares of Charles Schwab by 11.9% during the third quarter. MML Investors Services LLC now owns 585,308 shares of the financial services provider’s stock valued at $37,934,000 after acquiring an additional 62,035 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Piper Sandler lifted their price target on shares of Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Raymond James decreased their target price on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. JMP Securities upped their target price on shares of Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Cowen raised their target price on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $75.56.

Charles Schwab Price Performance

Charles Schwab stock opened at $81.47 on Monday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The business’s 50 day simple moving average is $74.08 and its 200 day simple moving average is $70.10. The Charles Schwab Co. has a 12 month low of $59.67 and a 12 month high of $83.35. The company has a market cap of $144.99 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 1.77 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the company earned $0.77 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts forecast that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Announces Dividend

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

Insider Buying and Selling at Charles Schwab

In related 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 transaction, the director now directly owns 554,929 shares in the company, valued at approximately $35,543,202.45. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,481,838.69. This represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 127,968 shares of company stock valued at $9,419,271 in the last 90 days. 6.60% of the stock is currently owned by company insiders.

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.