CX Institutional Has $14.07 Million Position in The Charles Schwab Corporation $SCHW

CX Institutional grew its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 13.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 147,364 shares of the financial services provider’s stock after buying an additional 17,798 shares during the quarter. CX Institutional’s holdings in Charles Schwab were worth $14,069,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. ZWJ Investment Counsel Inc. raised its position in Charles Schwab by 4.6% in the third quarter. ZWJ Investment Counsel Inc. now owns 2,390 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 106 shares in the last quarter. 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. Nicolet Bankshares Inc. raised its holdings in shares of Charles Schwab by 0.8% in the 2nd quarter. Nicolet Bankshares Inc. now owns 13,049 shares of the financial services provider’s stock worth $1,191,000 after buying an additional 107 shares in the last quarter. First PREMIER Bank lifted its position in shares of Charles Schwab by 23.8% during the 3rd quarter. First PREMIER Bank now owns 557 shares of the financial services provider’s stock worth $53,000 after buying an additional 107 shares during the period. Finally, Marshall Financial Group LLC boosted its stake in Charles Schwab by 3.5% in the 3rd quarter. Marshall Financial Group LLC now owns 3,224 shares of the financial services provider’s stock valued at $308,000 after buying an additional 109 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $102.01, for a total transaction of $204,020.00. Following the transaction, the insider owned 11,923 shares of the company’s stock, valued at $1,216,265.23. This represents a 14.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.30% of the stock is currently owned by insiders.

Charles Schwab Trading Down 0.2%

SCHW opened at $103.56 on Wednesday. The Charles Schwab Corporation has a 1-year low of $65.88 and a 1-year high of $104.76. The stock has a market capitalization of $184.02 billion, a PE ratio of 24.25, a PEG ratio of 0.73 and a beta of 0.94. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $95.93 and a two-hundred day moving average price of $94.88.

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

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, November 14th. Charles Schwab’s dividend payout ratio (DPR) is 25.29%.

Analyst Ratings Changes

SCHW has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on Charles Schwab from $119.00 to $121.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Barclays dropped their target price on shares of Charles Schwab from $115.00 to $111.00 and set an “overweight” rating for the company in a research report on Friday, December 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Charles Schwab in a research report on Wednesday, October 8th. Morgan Stanley upped their price objective on shares of Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a research note on Monday, December 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Charles Schwab from $109.00 to $111.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Charles Schwab has an average rating of “Moderate Buy” and a consensus target price of $109.63.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.