The Charles Schwab Corporation (SCHW) Position Raised by Tarbox Family Office Inc.

Tarbox Family Office Inc. raised its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 183.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,632 shares of the financial services provider’s stock after buying an additional 3,000 shares during the period. Tarbox Family Office Inc.’s holdings in The Charles Schwab Corporation were worth $199,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bank purchased a new stake in shares of The Charles Schwab Corporation during the first quarter worth about $119,000. First Bank & Trust raised its stake in shares of The Charles Schwab Corporation by 3.6% in the first quarter. First Bank & Trust now owns 3,125 shares of the financial services provider’s stock worth $128,000 after buying an additional 109 shares during the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of The Charles Schwab Corporation by 9.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock worth $131,000 after buying an additional 287 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of The Charles Schwab Corporation by 6.4% in the first quarter. Quadrant Capital Group LLC now owns 3,449 shares of the financial services provider’s stock worth $133,000 after buying an additional 207 shares during the last quarter. Finally, FTB Advisors Inc. raised its stake in shares of The Charles Schwab Corporation by 365.8% in the first quarter. FTB Advisors Inc. now owns 3,852 shares of the financial services provider’s stock worth $151,000 after buying an additional 3,025 shares during the last quarter. Hedge funds and other institutional investors own 79.02% of the company’s stock.

The Charles Schwab Corporation (NYSE:SCHW) opened at 42.15 on Friday. The firm has a market cap of $56.40 billion, a P/E ratio of 28.29 and a beta of 1.64. The Charles Schwab Corporation has a 52 week low of $27.71 and a 52 week high of $44.10. The company’s 50 day moving average is $41.99 and its 200-day moving average is $40.89.

The Charles Schwab Corporation (NYSE:SCHW) last issued its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.69%. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the firm posted $0.30 EPS. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities analysts expect that The Charles Schwab Corporation will post $1.62 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio (DPR) is 21.48%.

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SCHW has been the topic of a number of research analyst reports. Deutsche Bank AG cut their target price on The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, April 6th. William Blair reissued an “outperform” rating on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. BidaskClub lowered The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday. Keefe, Bruyette & Woods set a $44.00 target price on The Charles Schwab Corporation and gave the company a “buy” rating in a research report on Monday, April 10th. Finally, Citigroup Inc. initiated coverage on The Charles Schwab Corporation in a research report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 target price on the stock. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $44.00.

In related news, Director Stephen T. Mclin sold 7,823 shares of The Charles Schwab Corporation stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $39.69, for a total transaction of $310,494.87. Following the sale, the director now owns 9,494 shares of the company’s stock, valued at approximately $376,816.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Terri R. Kallsen sold 10,536 shares of The Charles Schwab Corporation stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $43.15, for a total transaction of $454,628.40. Following the sale, the executive vice president now directly owns 5,212 shares in the company, valued at approximately $224,897.80. The disclosure for this sale can be found here. Insiders have sold a total of 531,854 shares of company stock worth $21,848,622 in the last ninety days. 12.00% of the stock is currently owned by insiders.

The Charles Schwab Corporation Company Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

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