Clarkston Capital Partners LLC Has $82.51 Million Position in The Charles Schwab Corporation $SCHW

Clarkston Capital Partners LLC lowered its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 904,319 shares of the financial services provider’s stock after selling 11,015 shares during the quarter. Charles Schwab accounts for about 1.8% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 20th biggest position. Clarkston Capital Partners LLC’s holdings in Charles Schwab were worth $82,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bryn Mawr Trust Advisors LLC grew its stake in shares of Charles Schwab by 2.0% in the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 5,489 shares of the financial services provider’s stock valued at $501,000 after purchasing an additional 107 shares during the period. Pine Haven Investment Counsel Inc boosted its stake in Charles Schwab by 0.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 41,793 shares of the financial services provider’s stock valued at $3,813,000 after buying an additional 110 shares in the last quarter. Principle Wealth Partners LLC boosted its stake in Charles Schwab by 2.0% in the 2nd quarter. Principle Wealth Partners LLC now owns 5,890 shares of the financial services provider’s stock valued at $537,000 after buying an additional 113 shares in the last quarter. Traveka Wealth LLC grew its position in Charles Schwab by 4.3% in the second quarter. Traveka Wealth LLC now owns 2,841 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 117 shares during the period. Finally, 1ST Source Bank raised its stake in Charles Schwab by 0.5% during the second quarter. 1ST Source Bank now owns 23,680 shares of the financial services provider’s stock worth $2,161,000 after acquiring an additional 117 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Activity

In related news, insider Paul V. Woolway sold 3,205 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $93.33, for a total transaction of $299,122.65. Following the sale, the insider directly owned 34,778 shares in the company, valued at $3,245,830.74. This trade represents a 8.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jonathan S. Beatty sold 3,072 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $98.00, for a total value of $301,056.00. Following the completion of the sale, the insider owned 11,923 shares in the company, valued at approximately $1,168,454. This trade represents a 20.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 9,482 shares of company stock worth $905,295. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Price Performance

SCHW opened at $91.86 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.55 and a quick ratio of 0.55. The stock has a market capitalization of $163.23 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 0.85 and a beta of 1.02. The company’s 50 day simple moving average is $93.81 and its 200-day simple moving average is $92.88. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $99.59.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.06. Charles Schwab had a return on equity of 21.26% and a net margin of 35.93%.The firm had revenue of $6.38 billion during the quarter, compared to analyst estimates of $5.93 billion. During the same period last year, the company earned $0.71 earnings per share. The company’s revenue was up 26.6% on a year-over-year basis. Sell-side analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 14th. Charles Schwab’s dividend payout ratio (DPR) is presently 25.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SCHW shares. BMO Capital Markets began coverage on shares of Charles Schwab in a research note on Friday, October 3rd. They issued an “outperform” rating and a $110.00 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Charles Schwab in a research report on Wednesday, October 8th. Barclays raised their price objective on shares of Charles Schwab from $114.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Zacks Research cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Charles Schwab from $119.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $106.45.

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 in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.