Biechele Royce Advisors Has $14.11 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Biechele Royce Advisors lifted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 10.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 191,470 shares of the financial services provider’s stock after purchasing an additional 18,467 shares during the quarter. Charles Schwab makes up 4.8% of Biechele Royce Advisors’ portfolio, making the stock its 8th largest holding. Biechele Royce Advisors’ holdings in Charles Schwab were worth $14,109,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Charles Schwab by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 120,963,133 shares of the financial services provider’s stock valued at $8,750,473,000 after buying an additional 1,042,823 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Charles Schwab by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider’s stock valued at $5,230,657,000 after buying an additional 2,946,327 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Charles Schwab by 4.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock valued at $2,132,454,000 after buying an additional 1,219,015 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Charles Schwab by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 18,623,505 shares of the financial services provider’s stock valued at $1,281,297,000 after buying an additional 292,155 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Charles Schwab during the 4th quarter valued at about $950,192,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.3 %

Shares of SCHW traded up $0.17 during trading hours on Friday, reaching $65.10. The company’s stock had a trading volume of 6,549,183 shares, compared to its average volume of 8,059,975. The firm has a market cap of $115.70 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 1.24 and a beta of 0.99. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The company has a 50 day moving average of $67.41 and a two-hundred day moving average of $70.05.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.68 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. As a group, research analysts predict that The Charles Schwab Co. will post 3.06 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.54%. Charles Schwab’s payout ratio is 41.84%.

Insider Activity at Charles Schwab

In related news, insider Bernard J. Clark sold 8,164 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $75.00, for a total value of $612,300.00. Following the completion of the sale, the insider now owns 121,666 shares of the company’s stock, valued at approximately $9,124,950. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Charles Schwab 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 transaction, the insider now directly owns 121,666 shares in the company, valued at $9,124,950. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $72.49, for a total value of $652,410.00. Following the sale, the director now owns 570,657 shares of the company’s stock, valued at approximately $41,366,925.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 107,800 shares of company stock valued at $7,145,364. 6.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on SCHW shares. TD Cowen restated a “hold” rating and issued a $71.00 target price (down previously from $88.00) on shares of Charles Schwab in a research report on Wednesday, July 17th. 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 note on Wednesday, July 17th. StockNews.com lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Bank of America decreased their price target on shares of Charles Schwab from $72.00 to $66.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 17th. Finally, Morgan Stanley reduced their price objective on Charles Schwab from $71.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Charles Schwab has an average rating of “Hold” and an average target price of $74.00.

About Charles Schwab

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.