The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Empirical Finance LLC

Empirical Finance LLC grew its position in The Charles Schwab Co. (NYSE:SCHW) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,935 shares of the financial services provider’s stock after buying an additional 1,052 shares during the period. Empirical Finance LLC’s holdings in Charles Schwab were worth $3,236,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. M&G Plc acquired a new position in Charles Schwab in the first quarter valued at approximately $11,452,000. Patten & Patten Inc. TN boosted its stake in Charles Schwab by 155.9% in the third quarter. Patten & Patten Inc. TN now owns 104,168 shares of the financial services provider’s stock valued at $6,751,000 after acquiring an additional 63,463 shares in the last quarter. Teewinot Capital Advisers L.L.C. increased its position in shares of Charles Schwab by 9.0% during the second quarter. Teewinot Capital Advisers L.L.C. now owns 775,161 shares of the financial services provider’s stock worth $57,122,000 after purchasing an additional 64,041 shares in the last quarter. Iowa State Bank boosted its position in shares of Charles Schwab by 37.9% in the 3rd quarter. Iowa State Bank now owns 28,476 shares of the financial services provider’s stock valued at $1,846,000 after purchasing an additional 7,829 shares during the period. Finally, Radnor Capital Management LLC purchased a new stake in Charles Schwab in the third quarter valued at approximately $6,081,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Down 0.2 %

Shares of SCHW stock opened at $80.05 on Friday. The firm has a market capitalization of $142.46 billion, a P/E ratio of 31.32, a PEG ratio of 1.71 and a beta of 0.96. The firm’s fifty day moving average price is $68.05 and its two-hundred day moving average price is $69.54. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 1 year low of $55.09 and a 1 year high of $82.50.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. On average, equities analysts predict that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. Charles Schwab’s payout ratio is presently 39.06%.

Insider Activity

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the transaction, the director now directly owns 554,929 shares in the company, valued at $35,543,202.45. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,645 shares of company stock valued at $7,440,627. 6.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SCHW has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price target on Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Morgan Stanley increased their price objective on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Jefferies Financial Group reduced their price objective on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Barclays increased their target price on shares of Charles Schwab from $64.00 to $74.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group upped their price target on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and a consensus target price of $74.18.

Charles Schwab Company Profile

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.