The Charles Schwab Co. (NYSE:SCHW) Shares Bought by KCM Investment Advisors LLC

KCM Investment Advisors LLC lifted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.1% during the second quarter, HoldingsChannel reports. The firm owned 97,616 shares of the financial services provider’s stock after purchasing an additional 2,012 shares during the quarter. KCM Investment Advisors LLC’s holdings in Charles Schwab were worth $7,193,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morningstar Investment Services LLC raised its position in shares of Charles Schwab by 98.0% during the 4th quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock valued at $326,284,000 after acquiring an additional 2,322,156 shares in the last quarter. Brown Advisory Inc. boosted its position in Charles Schwab by 24.3% during the 4th quarter. Brown Advisory Inc. now owns 4,393,223 shares of the financial services provider’s stock worth $302,254,000 after acquiring an additional 857,734 shares during the period. M&G Plc bought a new position in shares of Charles Schwab in the first quarter worth $11,452,000. Franklin Resources Inc. increased its holdings in shares of Charles Schwab by 19.7% during the fourth quarter. Franklin Resources Inc. now owns 9,472,698 shares of the financial services provider’s stock valued at $651,722,000 after purchasing an additional 1,558,975 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in shares of Charles Schwab by 10.4% during the first quarter. Daiwa Securities Group Inc. now owns 190,597 shares of the financial services provider’s stock valued at $13,788,000 after purchasing an additional 17,925 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Bank of America decreased their target price on shares of Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a research report on Wednesday, July 17th. JMP Securities decreased their price objective on shares of Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a report on Tuesday, July 23rd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $80.00 price target on shares of Charles Schwab in a research note on Thursday, August 22nd. JPMorgan Chase & Co. dropped their price objective on Charles Schwab from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Finally, Jefferies Financial Group raised their target price on Charles Schwab from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $74.00.

Charles Schwab Trading Up 0.3 %

SCHW stock traded up $0.17 during mid-day trading on Friday, reaching $65.10. 6,128,549 shares of the stock traded hands, compared to its average volume of 8,059,975. The stock’s fifty day moving average is $67.58 and its 200-day moving average is $70.05. The company has a market cap of $115.70 billion, a P/E ratio of 27.24, a P/E/G ratio of 1.24 and a beta of 0.99. 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 Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49.

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

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.54%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Activity

In other news, insider Bernard J. Clark sold 8,164 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $75.00, for a total value of $612,300.00. Following the transaction, the insider now owns 121,666 shares in the company, valued at approximately $9,124,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Charles R. Schwab sold 67,386 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Bernard J. Clark sold 8,164 shares of Charles Schwab stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $75.00, for a total value of $612,300.00. Following the sale, the insider now directly owns 121,666 shares of the company’s stock, valued at approximately $9,124,950. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 107,800 shares of company stock worth $7,145,364. 6.60% of the stock is owned by corporate insiders.

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.