Charles Schwab Investment Management Inc. Grows Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Charles Schwab Investment Management Inc. lifted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,893,522 shares of the financial services provider’s stock after acquiring an additional 66,022 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.44% of Charles Schwab worth $511,579,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHW. Alliance Wealth Advisors LLC boosted its position in Charles Schwab by 2.7% during the third quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 142 shares in the last quarter. GS Investments Inc. lifted its position in shares of Charles Schwab by 0.3% during the third quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider’s stock valued at $3,722,000 after buying an additional 146 shares during the last quarter. Washington Trust Advisors Inc. boosted its holdings in shares of Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares in the last quarter. Arcataur Capital Management LLC grew its position in shares of Charles Schwab by 2.3% in the 3rd quarter. Arcataur Capital Management LLC now owns 6,648 shares of the financial services provider’s stock worth $431,000 after buying an additional 150 shares during the last quarter. Finally, Tandem Capital Management Corp ADV raised its stake in shares of Charles Schwab by 0.3% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 49,537 shares of the financial services provider’s stock worth $3,210,000 after acquiring an additional 150 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on SCHW. JMP Securities raised their price objective on Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their price objective on shares of Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Raymond James cut their target price on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Jefferies Financial Group reduced their price objective on Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Finally, Citigroup reduced their target price on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.18.

Charles Schwab Trading Up 0.4 %

Shares of NYSE:SCHW opened at $80.80 on Friday. The business’s 50 day moving average price is $70.17 and its 200-day moving average price is $69.82. The Charles Schwab Co. has a 1 year low of $55.42 and a 1 year high of $82.50. The firm has a market capitalization of $143.80 billion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 1.74 and a beta of 0.96. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period last year, the company posted $0.77 EPS. Charles Schwab’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts forecast that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, November 8th. Charles Schwab’s dividend payout ratio is presently 39.06%.

Insider Buying and Selling

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the completion of the sale, the director now directly owns 554,929 shares in the company, valued at $35,543,202.45. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Charles R. Schwab sold 62,345 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the completion of the sale, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at $4,396,116,784.92. This represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,929 shares of company stock worth $8,196,624. 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.