Healthcare of Ontario Pension Plan Trust Fund Has $11.80 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in The Charles Schwab Co. (NYSE:SCHW) by 50.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 225,199 shares of the financial services provider’s stock after selling 233,694 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Charles Schwab were worth $11,796,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCHW. Chicago Partners Investment Group LLC raised its position in shares of Charles Schwab by 39.4% in the first quarter. Chicago Partners Investment Group LLC now owns 25,007 shares of the financial services provider’s stock valued at $1,328,000 after buying an additional 7,073 shares in the last quarter. Avantax Advisory Services Inc. raised its position in shares of Charles Schwab by 46.0% in the first quarter. Avantax Advisory Services Inc. now owns 14,668 shares of the financial services provider’s stock valued at $768,000 after buying an additional 4,618 shares in the last quarter. Avantax Planning Partners Inc. raised its position in shares of Charles Schwab by 53.7% in the first quarter. Avantax Planning Partners Inc. now owns 7,724 shares of the financial services provider’s stock valued at $405,000 after buying an additional 2,697 shares in the last quarter. Jacobi Capital Management LLC raised its position in shares of Charles Schwab by 5.5% in the first quarter. Jacobi Capital Management LLC now owns 4,299 shares of the financial services provider’s stock valued at $225,000 after buying an additional 223 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its position in shares of Charles Schwab by 176.6% in the first quarter. Koshinski Asset Management Inc. now owns 21,275 shares of the financial services provider’s stock valued at $1,114,000 after buying an additional 13,582 shares in the last quarter. Institutional investors own 81.61% of the company’s stock.

Charles Schwab Price Performance

SCHW stock opened at $59.33 on Monday. The stock has a market capitalization of $105.03 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 1.94 and a beta of 0.92. The company’s 50-day moving average is $61.44 and its 200-day moving average is $57.78. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.39. The Charles Schwab Co. has a 1 year low of $45.00 and a 1 year high of $86.63.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. Charles Schwab had a net margin of 33.15% and a return on equity of 27.54%. The company had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same quarter in the prior year, the business posted $0.97 EPS. The firm’s revenue was down 8.6% compared to the same quarter last year. Equities research analysts expect that The Charles Schwab Co. will post 3.27 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were paid a $0.25 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.00 annualized dividend and a yield of 1.69%. Charles Schwab’s dividend payout ratio (DPR) is 29.15%.

Analyst Upgrades and Downgrades

SCHW has been the subject of several research analyst reports. Jefferies Financial Group boosted their price objective on shares of Charles Schwab from $64.00 to $66.00 in a research report on Monday, July 10th. The Goldman Sachs Group upped their price target on shares of Charles Schwab from $71.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Piper Sandler upped their price target on shares of Charles Schwab from $77.00 to $86.00 and gave the stock an “overweight” rating in a report on Monday, July 24th. StockNews.com downgraded shares of Charles Schwab from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Argus upped their price target on shares of Charles Schwab from $70.00 to $81.00 in a report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab has an average rating of “Moderate Buy” and a consensus target price of $72.09.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 75,760 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $66.60, for a total value of $5,045,616.00. Following the completion of the sale, the chairman now owns 59,672,778 shares in the company, valued at approximately $3,974,207,014.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Charles Schwab news, General Counsel Peter J. Morgan III sold 8,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $59.61, for a total value of $476,880.00. Following the completion of the transaction, the general counsel now directly owns 8,014 shares of the company’s stock, valued at approximately $477,714.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 75,760 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $66.60, for a total transaction of $5,045,616.00. Following the completion of the transaction, the chairman now directly owns 59,672,778 shares of the company’s stock, valued at $3,974,207,014.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 155,807 shares of company stock worth $10,325,149. Insiders own 6.60% of the company’s stock.

Charles Schwab Company 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. The company operates in two segments, Investor Services and Advisor Services.