AustralianSuper Pty Ltd Grows Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

AustralianSuper Pty Ltd increased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,840 shares of the financial services provider’s stock after purchasing an additional 4,105 shares during the period. AustralianSuper Pty Ltd’s holdings in Charles Schwab were worth $4,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Country Trust Bank acquired a new position in shares of Charles Schwab in the second quarter worth about $26,000. Fortitude Family Office LLC raised its holdings in Charles Schwab by 97.5% in the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 192 shares during the period. CGC Financial Services LLC purchased a new position in Charles Schwab during the second quarter worth approximately $29,000. Frazier Financial Advisors LLC acquired a new stake in Charles Schwab in the fourth quarter valued at approximately $30,000. Finally, Tributary Capital Management LLC purchased a new stake in shares of Charles Schwab in the first quarter valued at approximately $31,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Charles Schwab

In related news, insider Bernard J. Clark sold 8,164 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $75.00, for a total transaction of $612,300.00. Following the completion of the transaction, the insider now owns 121,666 shares of the company’s stock, valued at approximately $9,124,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Bernard J. Clark sold 8,164 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $75.00, for a total transaction of $612,300.00. Following the completion of the transaction, the insider now directly owns 121,666 shares in the company, valued at approximately $9,124,950. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan S. Beatty sold 780 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $75.00, for a total transaction of $58,500.00. Following the sale, the insider now owns 18,069 shares in the company, valued at $1,355,175. The disclosure for this sale can be found here. Insiders have sold 107,800 shares of company stock valued at $7,145,364 over the last 90 days. 6.60% of the stock is owned by insiders.

Charles Schwab Trading Down 0.1 %

Charles Schwab stock traded down $0.05 during midday trading on Wednesday, hitting $63.86. 1,955,825 shares of the stock were exchanged, compared to its average volume of 8,040,748. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The stock’s 50-day simple moving average is $68.09 and its 200 day simple moving average is $70.12. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. The stock has a market capitalization of $113.50 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 1.24 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The business’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 EPS. On average, equities analysts anticipate that The Charles Schwab Co. will post 3.06 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Friday, August 9th. Charles Schwab’s payout ratio is 41.84%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SCHW shares. UBS Group decreased their target price on Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. StockNews.com lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. JPMorgan Chase & Co. reduced their price target on shares of Charles Schwab from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. TD Cowen reiterated a “hold” rating and issued a $71.00 price objective (down from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Finally, 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. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and a consensus target price of $74.00.

Charles Schwab 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.