IFM Investors Pty Ltd Has $19.68 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

IFM Investors Pty Ltd grew its holdings in The Charles Schwab Co. (NYSE:SCHW) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 303,722 shares of the financial services provider’s stock after purchasing an additional 887 shares during the period. IFM Investors Pty Ltd’s holdings in Charles Schwab were worth $19,684,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SCHW. Mason & Associates Inc lifted its stake in Charles Schwab by 3.7% in the third quarter. Mason & Associates Inc now owns 6,233 shares of the financial services provider’s stock valued at $404,000 after buying an additional 224 shares during the period. Arcataur Capital Management LLC lifted its position in shares of Charles Schwab by 2.3% during the 3rd quarter. Arcataur Capital Management LLC now owns 6,648 shares of the financial services provider’s stock valued at $431,000 after acquiring an additional 150 shares during the period. Lafayette Investments Inc. boosted its stake in Charles Schwab by 0.8% during the third quarter. Lafayette Investments Inc. now owns 97,750 shares of the financial services provider’s stock worth $6,335,000 after acquiring an additional 753 shares in the last quarter. Greystone Financial Group LLC grew its holdings in Charles Schwab by 88.4% in the third quarter. Greystone Financial Group LLC now owns 16,155 shares of the financial services provider’s stock worth $1,047,000 after purchasing an additional 7,582 shares during the period. Finally, Hoertkorn Richard Charles bought a new position in Charles Schwab in the third quarter worth approximately $6,487,000. Institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SCHW shares. Wells Fargo & Company boosted their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group cut their price target on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, October 4th. Piper Sandler increased their price objective on shares of Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Citigroup cut their price objective on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, September 27th. Finally, StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Two 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. Based on data from MarketBeat.com, Charles Schwab has a consensus rating of “Hold” and a consensus price target of $73.94.

Insider Activity at Charles Schwab

In related news, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $65.20, for a total value of $74,980.00. Following the completion of the sale, the insider now directly owns 61,887 shares in the company, valued at approximately $4,035,032.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of Charles Schwab stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.10, for a total transaction of $802,032.00. Following the transaction, the director now directly owns 562,129 shares in the company, valued at approximately $36,594,597.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul V. Woolway sold 1,150 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $65.20, for a total value of $74,980.00. Following the completion of the sale, the insider now owns 61,887 shares of the company’s stock, valued at approximately $4,035,032.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 182,001 shares of company stock valued at $12,512,592 in the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 0.8 %

Shares of NYSE:SCHW traded up $0.54 during trading on Thursday, hitting $72.25. The stock had a trading volume of 2,384,401 shares, compared to its average volume of 8,056,807. The company has a market capitalization of $128.49 billion, a PE ratio of 28.21, a PEG ratio of 1.63 and a beta of 0.97. 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 firm’s fifty day moving average is $65.45 and its 200 day moving average is $69.50. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts anticipate that The Charles Schwab Co. will post 3.11 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. Charles Schwab’s payout ratio is currently 39.06%.

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.