Mutual of America Capital Management LLC Has $11.92 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Mutual of America Capital Management LLC lowered its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 183,964 shares of the financial services provider’s stock after selling 4,304 shares during the period. Mutual of America Capital Management LLC’s holdings in Charles Schwab were worth $11,923,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Kinsale Capital Group Inc. grew its stake in shares of Charles Schwab by 16.9% in the 3rd quarter. Kinsale Capital Group Inc. now owns 94,511 shares of the financial services provider’s stock valued at $6,125,000 after buying an additional 13,686 shares in the last quarter. Natixis Advisors LLC lifted its stake in Charles Schwab by 5.6% in the third quarter. Natixis Advisors LLC now owns 1,289,161 shares of the financial services provider’s stock valued at $83,550,000 after acquiring an additional 68,560 shares during the last quarter. Linscomb Wealth Inc. grew its position in Charles Schwab by 0.9% in the third quarter. Linscomb Wealth Inc. now owns 38,096 shares of the financial services provider’s stock worth $2,469,000 after acquiring an additional 338 shares in the last quarter. KCM Investment Advisors LLC increased its stake in shares of Charles Schwab by 7.5% during the 3rd quarter. KCM Investment Advisors LLC now owns 104,983 shares of the financial services provider’s stock worth $6,804,000 after purchasing an additional 7,367 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Charles Schwab by 6.2% during the 3rd quarter. Empowered Funds LLC now owns 22,842 shares of the financial services provider’s stock valued at $1,480,000 after purchasing an additional 1,343 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on SCHW. JPMorgan Chase & Co. increased their target price on shares of Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Cowen boosted their target price on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $74.18.

Charles Schwab Trading Up 0.6 %

Charles Schwab stock opened at $80.64 on Monday. The Charles Schwab Co. has a 12 month low of $55.09 and a 12 month high of $82.50. The stock has a market cap of $143.51 billion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 1.76 and a beta of 0.96. The business has a 50 day moving average price of $68.74 and a two-hundred day moving average price of $69.59. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. Charles Schwab’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $0.77 earnings per share. As a group, equities analysts forecast that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.24%. Charles Schwab’s dividend payout ratio (DPR) is currently 39.06%.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated 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 1.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,645 shares of company stock valued at $7,440,627 over the last quarter. Corporate insiders own 6.60% of the company’s stock.

About Charles Schwab

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.