25,718 Shares in The Charles Schwab Corporation $SCHW Bought by Trust Co. of Vermont

Key Points

• Trust Co. of Vermont acquired 25,718 Charles Schwab shares worth approximately $2.37 million in the second quarter. Institutional investors collectively own 84.38% of SCHW.
• Charles Schwab reported quarterly EPS of $1.62, exceeding estimates of $1.56, while revenue rose 20.9% year over year to $7.07 billion. The company also declared a quarterly dividend of $0.32 per share, implying a 1.2% annual yield.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $121.17. However, insiders sold nearly 398,000 shares worth $41.6 million over the past 90 days.

Trust Co. of Vermont acquired a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 25,718 shares of the financial services provider's stock, valued at approximately $2,373,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in Charles Schwab by 380.5% during the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock valued at $1,794,000 after acquiring an additional 19,195 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Charles Schwab by 21.6% in the second quarter. Sivia Capital Partners LLC now owns 4,553 shares of the financial services provider's stock valued at $415,000 after acquiring an additional 809 shares during the last quarter. United Bank grew its position in Charles Schwab by 7.1% in the second quarter. United Bank now owns 16,053 shares of the financial services provider's stock worth $1,465,000 after acquiring an additional 1,070 shares in the last quarter. Nebula Research & Development LLC bought a new stake in Charles Schwab in the second quarter worth approximately $552,000. Finally, Main Street Financial Solutions LLC lifted its holdings in Charles Schwab by 4.7% in the 2nd quarter. Main Street Financial Solutions LLC now owns 6,828 shares of the financial services provider's stock worth $623,000 after purchasing an additional 305 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Trading Down 0.3%

Shares of Charles Schwab stock opened at $110.75 on Tuesday. The company's fifty day simple moving average is $99.86 and its 200-day simple moving average is $95.89. The company has a market cap of $191.52 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 0.85 and a beta of 0.76. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The Charles Schwab Corporation has a 1 year low of $83.96 and a 1 year high of $111.64.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.56 by $0.06. The firm had revenue of $7.07 billion during the quarter, compared to analysts' expectations of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.53%. The business's quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 EPS. As a group, sell-side analysts expect that The Charles Schwab Corporation will post 6.46 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, August 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.2%. Charles Schwab's payout ratio is presently 23.27%.

Insider Activity at Charles Schwab

In other news, insider Dennis Howard sold 28,000 shares of the company's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $105.01, for a total transaction of $2,940,280.00. Following the completion of the transaction, the insider owned 10,470 shares of the company's stock, valued at approximately $1,099,454.70. This represents a 72.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Peter J. Morgan III sold 6,952 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $102.03, for a total transaction of $709,312.56. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 397,984 shares of company stock worth $41,588,239. Insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SCHW. Morgan Stanley boosted their price objective on shares of Charles Schwab from $133.00 to $136.00 and gave the stock an "overweight" rating in a research note on Monday, July 27th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Charles Schwab in a report on Thursday, June 18th. Raymond James Financial reissued an "outperform" rating and set a $145.00 target price on shares of Charles Schwab in a research report on Wednesday, July 22nd. BMO Capital Markets cut shares of Charles Schwab from an "outperform" rating to a "market perform" rating and set a $105.00 price target for the company. in a report on Monday, July 20th. Finally, Zacks Research raised Charles Schwab from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Charles Schwab has an average rating of "Moderate Buy" and a consensus price target of $121.17.

Charles Schwab 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.

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