Axa S.A. Has $30.04 Million Position in The Charles Schwab Corporation $SCHW

Axa S.A. boosted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 42.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 329,222 shares of the financial services provider’s stock after purchasing an additional 98,629 shares during the quarter. Axa S.A.’s holdings in Charles Schwab were worth $30,038,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Charles Schwab in the 2nd quarter valued at $1,889,858,000. Wellington Management Group LLP boosted its holdings in Charles Schwab by 595.7% during the first quarter. Wellington Management Group LLP now owns 15,488,777 shares of the financial services provider’s stock valued at $1,212,461,000 after acquiring an additional 13,262,309 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Charles Schwab by 12.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 82,048,984 shares of the financial services provider’s stock valued at $6,422,795,000 after purchasing an additional 8,954,248 shares during the last quarter. Brown Advisory Inc. grew its position in shares of Charles Schwab by 88.4% in the second quarter. Brown Advisory Inc. now owns 12,162,260 shares of the financial services provider’s stock valued at $1,109,687,000 after purchasing an additional 5,708,208 shares during the last quarter. Finally, Primecap Management Co. CA increased its stake in shares of Charles Schwab by 35.9% in the second quarter. Primecap Management Co. CA now owns 19,034,806 shares of the financial services provider’s stock worth $1,736,736,000 after purchasing an additional 5,032,728 shares during the period. Institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 3,072 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total transaction of $301,056.00. Following the sale, the insider directly owned 11,923 shares in the company, valued at $1,168,454. This represents a 20.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $299,122.65. Following the sale, the insider directly owned 34,778 shares of the company’s stock, valued at $3,245,830.74. This represents a 8.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.30% of the stock is owned by insiders.

Charles Schwab Stock Down 0.1%

Shares of SCHW opened at $94.17 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $93.65 and a two-hundred day moving average price of $93.30. The stock has a market cap of $167.34 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 0.84 and a beta of 0.96. The Charles Schwab Corporation has a 12 month low of $65.88 and a 12 month high of $99.59.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.06. The business had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $5.93 billion. Charles Schwab had a return on equity of 21.02% and a net margin of 35.93%.Charles Schwab’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. Equities analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, November 14th. Charles Schwab’s dividend payout ratio (DPR) is currently 25.29%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SCHW. JMP Securities restated a “market outperform” rating and set a $110.00 target price on shares of Charles Schwab in a research note on Friday, October 17th. Bank of America increased their price objective on Charles Schwab from $84.00 to $86.00 and gave the company an “underperform” rating in a research report on Thursday, October 2nd. Cowen reaffirmed a “buy” rating on shares of Charles Schwab in a research report on Friday, October 17th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Charles Schwab from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Charles Schwab in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Charles Schwab presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.11.

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.