Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Makes New Investment in The Charles Schwab Corporation $SCHW

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 10,080 shares of the financial services provider’s stock, valued at approximately $954,000.

Several other institutional investors also recently modified their holdings of the business. Tema Etfs LLC purchased a new position in Charles Schwab in the third quarter worth $2,729,000. New York State Teachers Retirement System increased its position in shares of Charles Schwab by 10.9% during the 3rd quarter. New York State Teachers Retirement System now owns 1,394,190 shares of the financial services provider’s stock valued at $133,103,000 after purchasing an additional 136,692 shares during the last quarter. Citizens & Northern Corp boosted its holdings in shares of Charles Schwab by 0.7% in the 3rd quarter. Citizens & Northern Corp now owns 22,098 shares of the financial services provider’s stock worth $2,110,000 after buying an additional 154 shares during the last quarter. Opal Wealth Advisors LLC grew its position in Charles Schwab by 3.4% during the third quarter. Opal Wealth Advisors LLC now owns 4,473 shares of the financial services provider’s stock valued at $427,000 after buying an additional 147 shares during the period. Finally, Bayforest Capital Ltd purchased a new stake in Charles Schwab during the third quarter worth about $230,000. 84.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SCHW shares. Zacks Research cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a research note on Monday. JPMorgan Chase & Co. raised their target price on Charles Schwab from $119.00 to $121.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. UBS Group upped their price target on Charles Schwab from $119.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $114.00 price target on shares of Charles Schwab in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.57.

Charles Schwab Stock Performance

Charles Schwab stock opened at $101.95 on Tuesday. The Charles Schwab Corporation has a twelve month low of $65.88 and a twelve month high of $104.76. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $181.16 billion, a P/E ratio of 23.88, a PEG ratio of 0.70 and a beta of 0.94. The stock’s 50 day moving average is $96.51 and its 200 day moving average is $95.22.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.06. Charles Schwab had a net margin of 35.93% and a return on equity of 21.02%. The firm had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $5.93 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The business’s revenue was up 26.6% on a year-over-year basis. On average, equities research analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, November 14th. Charles Schwab’s dividend payout ratio (DPR) is currently 25.29%.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $102.01, for a total transaction of $204,020.00. Following the completion of the transaction, the insider directly owned 11,923 shares in the company, valued at approximately $1,216,265.23. The trade was a 14.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.