Trade Report: Today, Raymond James Trust N.A. Reached $644,000 position of The Charles Schwab Corp. (SCHW)

Today, Raymond James Trust N.A. Reached $644,000 position  of The Charles Schwab Corp. (SCHW)

Raymond James Trust N.A. boosted its stake in shares of The Charles Schwab Corp. (NYSE:SCHW) by 15.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,390 shares of the company’s stock after buying an additional 2,684 shares during the period. Raymond James Trust N.A.’s holdings in The Charles Schwab Corp. were worth $644,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SCHW. Lenox Wealth Management Inc. increased its stake in shares of The Charles Schwab Corp. by 12.1% in the second quarter. Lenox Wealth Management Inc. now owns 4,126 shares of the company’s stock valued at $104,000 after buying an additional 445 shares during the last quarter. Reilly Financial Advisors LLC increased its stake in shares of The Charles Schwab Corp. by 10.4% in the second quarter. Reilly Financial Advisors LLC now owns 4,248 shares of the company’s stock valued at $108,000 after buying an additional 400 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in shares of The Charles Schwab Corp. by 33.9% in the second quarter. Integrated Investment Consultants LLC now owns 4,943 shares of the company’s stock valued at $125,000 after buying an additional 1,252 shares during the last quarter. Balentine LLC increased its stake in shares of The Charles Schwab Corp. by 6.3% in the second quarter. Balentine LLC now owns 7,311 shares of the company’s stock valued at $185,000 after buying an additional 436 shares during the last quarter. Finally, Fulton Bank N.A. purchased a new stake in shares of The Charles Schwab Corp. during the third quarter valued at $239,000. 75.08% of the stock is currently owned by institutional investors and hedge funds.

The Charles Schwab Corp. (NYSE:SCHW) traded down 0.31% during midday trading on Friday, reaching $38.99. 3,418,536 shares of the company were exchanged. The stock has a market capitalization of $51.69 billion, a price-to-earnings ratio of 31.44 and a beta of 1.68. The Charles Schwab Corp. has a 52-week low of $21.51 and a 52-week high of $39.22. The firm’s 50-day moving average price is $33.68 and its 200 day moving average price is $30.28.

The Charles Schwab Corp. (NYSE:SCHW) last announced its earnings results on Monday, October 17th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. The firm earned $1.91 billion during the quarter, compared to analyst estimates of $1.89 billion. The Charles Schwab Corp. had a net margin of 24.77% and a return on equity of 13.64%. The Charles Schwab Corp.’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. Equities analysts predict that The Charles Schwab Corp. will post $1.29 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 14th will be given a $0.07 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $0.28 dividend on an annualized basis and a yield of 0.72%. The Charles Schwab Corp.’s dividend payout ratio is presently 22.95%.

SCHW has been the subject of several recent analyst reports. Jefferies Group reiterated a “buy” rating on shares of The Charles Schwab Corp. in a research note on Friday, August 5th. Morgan Stanley initiated coverage on shares of The Charles Schwab Corp. in a research note on Monday, September 26th. They issued an “overweight” rating and a $37.00 price objective for the company. Barclays PLC raised their price objective on shares of The Charles Schwab Corp. from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, August 9th. Credit Suisse Group AG reiterated a “buy” rating on shares of The Charles Schwab Corp. in a research note on Monday, October 24th. Finally, Deutsche Bank AG raised their price objective on shares of The Charles Schwab Corp. from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $33.69.

In other news, EVP Terri R. Kallsen sold 8,509 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $31.40, for a total transaction of $267,182.60. Following the completion of the transaction, the executive vice president now owns 6,027 shares in the company, valued at approximately $189,247.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Nigel J. Murtagh sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $38.82, for a total transaction of $504,660.00. Following the transaction, the executive vice president now owns 47,863 shares of the company’s stock, valued at approximately $1,858,041.66. The disclosure for this sale can be found here. 12.60% of the stock is currently owned by corporate insiders.

About The Charles Schwab Corp.

The Charles Schwab Corporation 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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