BNP Paribas Takes $3.49 Million Position in The Charles Schwab Co. (NYSE:SCHW)

BNP Paribas purchased a new position in The Charles Schwab Co. (NYSE:SCHW) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 53,810 shares of the financial services provider’s stock, valued at approximately $3,487,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Charles Schwab by 112.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,402,400 shares of the financial services provider’s stock worth $90,890,000 after purchasing an additional 740,800 shares in the last quarter. WorthPointe LLC purchased a new position in Charles Schwab during the third quarter valued at $225,000. Bridgewater Associates LP bought a new stake in Charles Schwab in the third quarter worth $1,754,000. Cynosure Group LLC grew its stake in shares of Charles Schwab by 4.7% in the third quarter. Cynosure Group LLC now owns 11,480 shares of the financial services provider’s stock worth $744,000 after acquiring an additional 516 shares during the last quarter. Finally, Goodman Financial Corp increased its holdings in shares of Charles Schwab by 2.0% during the third quarter. Goodman Financial Corp now owns 208,988 shares of the financial services provider’s stock valued at $13,544,000 after acquiring an additional 4,026 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Up 0.6 %

Shares of Charles Schwab stock opened at $82.22 on Wednesday. The Charles Schwab Co. has a 1-year low of $55.59 and a 1-year high of $82.50. The company’s fifty day simple moving average is $71.28 and its 200-day simple moving average is $69.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $146.32 billion, a PE ratio of 32.12, a P/E/G ratio of 1.77 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last released its earnings results 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. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. Charles Schwab’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 earnings per share. As a group, equities analysts anticipate that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio is 39.06%.

Insiders Place Their Bets

In other news, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the transaction, the director now owns 442,807 shares of the company’s stock, valued at $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nigel J. Murtagh sold 12,739 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the sale, the insider now owns 59,092 shares of the company’s stock, valued at $4,796,497.64. This represents a 17.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,668 shares of company stock worth $9,230,648. Company insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SCHW shares. JMP Securities upped their price target on shares of Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 16th. Jefferies Financial Group dropped their target price on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Keefe, Bruyette & Woods raised their price target on shares of Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price objective on Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Bank of America cut their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab 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.