Gateway Investment Advisers LLC Has $24.39 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Gateway Investment Advisers LLC lessened its position in The Charles Schwab Co. (NYSE:SCHW) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 376,398 shares of the financial services provider’s stock after selling 283 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Charles Schwab were worth $24,394,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Country Trust Bank bought a new stake in Charles Schwab during the 2nd quarter valued at approximately $26,000. Fortitude Family Office LLC boosted its position in shares of Charles Schwab by 97.5% in the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 192 shares during the period. American Capital Advisory LLC bought a new position in Charles Schwab during the second quarter worth $27,000. CGC Financial Services LLC acquired a new position in Charles Schwab during the 2nd quarter valued at $29,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in Charles Schwab in the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the transaction, the director now directly owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Walter W. Bettinger bought 25,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were bought at an average cost of $66.26 per share, for a total transaction of $1,656,500.00. Following the completion of the acquisition, the chief executive officer now owns 827,377 shares in the company, valued at approximately $54,822,000.02. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the transaction, the director now directly owns 554,929 shares of the company’s stock, valued at $35,543,202.45. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 98,856 shares of company stock worth $6,398,604 over the last 90 days. Insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on SCHW. Barclays dropped their price objective on shares of Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 17th. JPMorgan Chase & Co. cut their price target on Charles Schwab from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on Charles Schwab from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Wells Fargo & Company started coverage on Charles Schwab in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 target price for the company. Finally, Morgan Stanley decreased their price target on shares of Charles Schwab from $70.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $72.25.

Charles Schwab Price Performance

Charles Schwab stock traded up $1.03 on Friday, reaching $67.68. The company’s stock had a trading volume of 7,369,930 shares, compared to its average volume of 8,015,863. The business’s fifty day moving average price is $64.12 and its 200 day moving average price is $69.56. 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 company has a market cap of $120.36 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 1.43 and a beta of 0.97. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The company’s revenue was up .7% on a year-over-year basis. Equities analysts expect that The Charles Schwab Co. will post 3.07 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, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.48%. Charles Schwab’s dividend payout ratio (DPR) is currently 41.49%.

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.