Mondrian Investment Partners LTD Acquires 166,029 Shares of The Charles Schwab Co. (NYSE:SCHW)

Mondrian Investment Partners LTD grew its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 11.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,651,666 shares of the financial services provider’s stock after acquiring an additional 166,029 shares during the quarter. Charles Schwab comprises 1.9% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 24th largest position. Mondrian Investment Partners LTD owned about 0.09% of Charles Schwab worth $121,711,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Country Trust Bank purchased a new stake in shares of Charles Schwab during the 2nd quarter valued at $26,000. Fortitude Family Office LLC grew its position in Charles Schwab by 97.5% in the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 192 shares in the last quarter. American Capital Advisory LLC bought a new position in Charles Schwab in the second quarter valued at $27,000. CGC Financial Services LLC purchased a new stake in Charles Schwab during the second quarter valued at about $29,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in Charles Schwab during the second quarter worth about $29,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW stock opened at $63.84 on Wednesday. The stock has a 50 day moving average price of $64.93 and a 200 day moving average price of $70.03. The firm has a market capitalization of $113.46 billion, a P/E ratio of 26.71, a P/E/G ratio of 1.16 and a beta of 0.97. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.68 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. Charles Schwab’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. As a group, sell-side analysts predict that The Charles Schwab Co. will post 3.05 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a $0.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.57%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insider Transactions at Charles Schwab

In other news, CEO Walter W. Bettinger bought 25,000 shares of the stock in a transaction on Wednesday, July 17th. The stock was bought at an average cost of $66.26 per share, for a total transaction of $1,656,500.00. Following the completion of the purchase, the chief executive officer now directly owns 827,377 shares in the company, valued at $54,822,000.02. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Walter W. Bettinger bought 25,000 shares of Charles Schwab stock in a transaction that occurred on Wednesday, July 17th. The stock was bought at an average price of $66.26 per share, for a total transaction of $1,656,500.00. Following the purchase, the chief executive officer now directly owns 827,377 shares of the company’s stock, valued at approximately $54,822,000.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Richard A. Wurster bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were purchased at an average cost of $62.05 per share, with a total value of $620,500.00. Following the acquisition, the president now directly owns 144,228 shares of the company’s stock, valued at $8,949,347.40. The disclosure for this purchase can be found here. Insiders have sold a total of 99,636 shares of company stock valued at $6,533,064 in the last 90 days. Insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SCHW. Deutsche Bank Aktiengesellschaft raised their price objective on Charles Schwab from $79.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Barclays cut their price objective on shares of Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 17th. Morgan Stanley decreased their target price on shares of Charles Schwab from $71.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, August 16th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a research note on Thursday, August 22nd. Finally, Wells Fargo & Company initiated coverage on Charles Schwab in a research note on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and an average target price of $73.75.

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.