--- title: "PFG Investments LLC Cuts Holdings in The Charles Schwab Co. (NYSE:SCHW)" description: "PFG Investments LLC reduced its stake in The Charles Schwab Co. (NYSE:SCHW) by 65.9% in Q2, now holding 7,310 shares after selling 14,115 shares. Other hedge funds also adjusted their positions, with " type: "news" locale: "en" url: "https://longbridge.com/en/news/214146571.md" published_at: "2024-09-12T08:16:24.000Z" --- # PFG Investments LLC Cuts Holdings in The Charles Schwab Co. (NYSE:SCHW) > PFG Investments LLC reduced its stake in The Charles Schwab Co. (NYSE:SCHW) by 65.9% in Q2, now holding 7,310 shares after selling 14,115 shares. Other hedge funds also adjusted their positions, with significant increases from Prestige Wealth Management and Certuity LLC. Charles Schwab's stock opened at $60.41, with a market cap of $77 billion. The company reported earnings of $0.73 per share, exceeding estimates, and announced a quarterly dividend of $0.25 per share, yielding 1.58%. Analysts have mixed ratings on the stock, with several price target adjustments recently made. PFG Investments LLC lowered its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 65.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,310 shares of the financial services provider's stock after selling 14,115 shares during the quarter. PFG Investments LLC's holdings in Charles Schwab were worth $539,000 at the end of the most recent quarter. Get **Charles Schwab** alerts: - Charles Schwab’s Initiative Changes Are a Long-Term Positive Other hedge funds also recently made changes to their positions in the company. Oak Thistle LLC bought a new stake in Charles Schwab during the second quarter worth about $287,000. Prestige Wealth Management Group LLC lifted its position in Charles Schwab by 1,842.2% in the 2nd quarter. Prestige Wealth Management Group LLC now owns 3,962 shares of the financial services provider's stock worth $292,000 after buying an additional 3,758 shares during the last quarter. Ballentine Partners LLC boosted its stake in Charles Schwab by 1.0% in the second quarter. Ballentine Partners LLC now owns 21,666 shares of the financial services provider's stock worth $1,597,000 after buying an additional 212 shares in the last quarter. Caprock Group LLC grew its position in Charles Schwab by 16.3% during the second quarter. Caprock Group LLC now owns 55,955 shares of the financial services provider's stock valued at $4,123,000 after acquiring an additional 7,848 shares during the last quarter. Finally, Certuity LLC raised its stake in shares of Charles Schwab by 870.7% during the second quarter. Certuity LLC now owns 46,203 shares of the financial services provider's stock worth $3,405,000 after acquiring an additional 41,443 shares in the last quarter. 84.38% of the stock is owned by institutional investors. ## Charles Schwab Trading Up 0.6 % Shares of SCHW opened at $63.41 on Thursday. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. The firm has a market capitalization of $112.77 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.18 and a beta of 0.97. The firm's 50-day moving average price is $65.80 and its 200-day moving average price is $70.08. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. - Robinhood Stock Shows Why Shareholders Could Expect Higher Prices Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $4.69 billion for the quarter, compared to analysts' expectations of $4.68 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The business's revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 EPS. Sell-side analysts anticipate that The Charles Schwab Co. will post 3.05 EPS for the current year. ## Charles Schwab Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.58%. The ex-dividend date was Friday, August 9th. Charles Schwab's dividend payout ratio is currently 41.84%. ## Wall Street Analysts Forecast Growth - Cathie Wood's Favorite Dips: Recent Stock Buys Revealed A number of brokerages have recently issued reports on SCHW. UBS Group cut their price objective on shares of Charles Schwab from $91.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $80.00 price objective on shares of Charles Schwab in a research note on Thursday, August 22nd. Morgan Stanley decreased their price objective on Charles Schwab from $71.00 to $70.00 and set an "equal weight" rating on the stock in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $79.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. lowered their price objective on Charles Schwab from $82.00 to $78.00 and set an "overweight" rating for the company in a research report on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $74.00. **View Our Latest Analysis on SCHW** ## Insider Activity In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $72.49, for a total transaction of $652,410.00. Following the completion of the transaction, the director now directly owns 570,657 shares of the company's stock, valued at approximately $41,366,925.93. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm's stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $72.49, for a total transaction of $652,410.00. Following the completion of the transaction, the director now owns 570,657 shares of the company's stock, valued at approximately $41,366,925.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 67,386 shares of the business's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total value of $4,387,502.46. Following the completion of the sale, the chairman now directly owns 60,619,371 shares in the company, valued at $3,946,927,245.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,636 shares of company stock worth $6,533,064. Corporate insiders own 6.60% of the company's stock. ## About Charles Schwab (Free Report) 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. ## Recommended Stories - Five stocks we like better than Charles Schwab - Insider Selling Explained: Can it Inform Your Investing Choices? - Goldilocks CPI Report Leads Market to Sell Off, Lower Lows Ahead - Buy P&G Now, Before It Sets A New All-Time High - GameStop: Earnings Won’t Save It, Dilution Points to Trouble - Technology Stocks Explained: Here's What to Know About Tech - Dividend Aristocrats or Dividend Kings: Which Is Best for You? *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* → Trump’s weapon lurks in abandoned America (From Porter & Company) (Ad)## Should you invest $1,000 in Charles Schwab right now? Before you consider Charles Schwab, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Charles Schwab wasn't on the list. While Charles Schwab currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [SCHW.US - Charles Schwab](https://longbridge.com/en/quote/SCHW.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 嘉信理財的 Sonders 表示，市場上還有比 Mag 7 更多的投資機會 | Liz Ann Sonders，嘉信理財（SCHW）首席投資策略師，建議投資者在當前經濟環境中應避免 “單一化” 的投資決策，變得更加挑剔。她在 “彭博開放興趣” 節目中發表了相關觀點。彭博視頻由 MT Newswires 提供 | [Link](https://longbridge.com/en/news/276369532.md) | | 獨家報道——馬拉喀什的一座宮殿：嘉信理財在愛潑斯坦被捕前幾天是如何轉移 2770 萬美元付款的 | 查爾斯·施瓦布在 2019 年 7 月埃普斯坦被捕前幾天，向埃普斯坦匯款約 2770 萬美元，以購買位於馬拉喀什的一座宮殿。文件顯示，施瓦布在 2019 年 4 月為埃普斯坦的公司開設了三個賬户，並向美國財政部的金融犯罪執法網絡（FinCE | [Link](https://longbridge.com/en/news/276375001.md) | | 發展黃金市場為今年重頭戲 許正宇：逾十銀行加入港金結算公司理事會 | 香港財經事務及庫務局局長許正宇表示，發展黃金市場是今年的重點，已與上海黃金交易所籤署合作協議，成立港金結算公司，預計年內啟動運作。超過 10 家銀行已確認加入理事會，目標是開發香港的黃金中央清算系統。此外，香港新股市場活躍，但對新股質素的關 | [Link](https://longbridge.com/en/news/276291952.md) | | 馬克宏訪印度 著眼百餘架飆風戰機軍售大單 | 法國總統馬克宏將於 17 日至 19 日訪問印度，重點討論人工智慧合作及達梭飆風戰機的採購，預計將討論增購 114 架戰機的合約。此次訪問是馬克宏自 2017 年上任以來的第四次，期間他將與印度總理莫迪會晤，並參加人工智慧高峰會。印度已於 | [Link](https://longbridge.com/en/news/276113483.md) | | 金價 5000 美元「橫盤」只是表象？投行上調二季度目標至 5800:1980/2011 崩盤不會重演 | 澳新銀行（ANZ）將黃金二季度目標價從 5400 美元上調至 5800 美元，認為當前金價 5000 美元的震蕩整理並不意味著長期停滯。分析師指出，黃金的吸引力因美聯儲降息預期、地緣風險和全球債務壓力而增強，預計主要動力來自投資需求與黃金 | [Link](https://longbridge.com/en/news/276183307.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.