IFM Investors Pty Ltd Increases Position in The Charles Schwab Co. (NYSE:SCHW)

IFM Investors Pty Ltd grew its stake in The Charles Schwab Co. (NYSE:SCHWGet Rating) by 23.1% during the first quarter, HoldingsChannel reports. The fund owned 239,687 shares of the financial services provider’s stock after acquiring an additional 44,926 shares during the quarter. IFM Investors Pty Ltd’s holdings in Charles Schwab were worth $20,208,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHW. Industrial Alliance Investment Management Inc. purchased a new position in shares of Charles Schwab in the 4th quarter valued at $25,000. SBK Financial Inc. purchased a new position in Charles Schwab during the 4th quarter worth $25,000. Horan Securities Inc. purchased a new position in Charles Schwab during the 4th quarter worth $27,000. Sierra Capital LLC purchased a new position in Charles Schwab during the 4th quarter worth $28,000. Finally, American National Bank grew its stake in Charles Schwab by 52.6% during the 1st quarter. American National Bank now owns 580 shares of the financial services provider’s stock worth $49,000 after buying an additional 200 shares during the last quarter. 87.13% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Price Performance

NYSE:SCHW opened at $69.05 on Monday. The Charles Schwab Co. has a 12 month low of $59.35 and a 12 month high of $96.24. The stock has a 50 day moving average of $64.29 and a two-hundred day moving average of $75.51. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.58. The firm has a market cap of $125.47 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 0.77 and a beta of 1.10.

Charles Schwab (NYSE:SCHWGet Rating) last posted its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. The business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.04 billion. Charles Schwab had a return on equity of 15.86% and a net margin of 33.09%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 earnings per share. On average, analysts expect that The Charles Schwab Co. will post 3.88 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 12th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.27%. Charles Schwab’s dividend payout ratio is 26.32%.

Insider Activity at Charles Schwab

In related news, Chairman Charles R. Schwab sold 120,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $62.70, for a total value of $7,524,000.00. Following the transaction, the chairman now directly owns 71,083,305 shares in the company, valued at $4,456,923,223.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Charles Schwab from $107.00 to $101.00 in a research note on Thursday, April 14th. UBS Group lifted their price target on Charles Schwab from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday. The Goldman Sachs Group began coverage on Charles Schwab in a research report on Tuesday, April 26th. They set a “neutral” rating and a $75.00 price target for the company. Jefferies Financial Group lowered their price target on Charles Schwab to $95.00 in a research report on Friday, April 22nd. Finally, Redburn Partners began coverage on Charles Schwab in a research report on Thursday, June 23rd. They set a “neutral” rating for the company. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $92.25.

Charles Schwab Company Profile

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The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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