The Charles Schwab Co. (NYSE:SCHW) Stock Holdings Lifted by Equity Investment Corp

Equity Investment Corp raised its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,640,157 shares of the financial services provider’s stock after purchasing an additional 140,643 shares during the quarter. Charles Schwab accounts for 2.5% of Equity Investment Corp’s investment portfolio, making the stock its 18th biggest holding. Equity Investment Corp owned about 0.09% of Charles Schwab worth $106,299,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SCHW. Kingsview Wealth Management LLC raised its stake in Charles Schwab by 26.3% during the 1st quarter. Kingsview Wealth Management LLC now owns 6,245 shares of the financial services provider’s stock valued at $452,000 after purchasing an additional 1,302 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Charles Schwab by 26.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 83,207 shares of the financial services provider’s stock valued at $6,019,000 after acquiring an additional 17,433 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Charles Schwab by 7.2% during the 1st quarter. Bessemer Group Inc. now owns 365,888 shares of the financial services provider’s stock valued at $26,468,000 after acquiring an additional 24,431 shares in the last quarter. Lake Street Advisors Group LLC grew its holdings in shares of Charles Schwab by 28.7% during the 1st quarter. Lake Street Advisors Group LLC now owns 13,187 shares of the financial services provider’s stock valued at $954,000 after acquiring an additional 2,942 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Charles Schwab during the 1st quarter valued at $105,563,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 1.60 % 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. Also, insider Jonathan S. Beatty sold 2,500 shares of the firm’s stock in a transaction that occurred on 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 directly owns 18,069 shares in the company, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,645 shares of company stock valued at $7,440,627 over the last three months. 6.60% of the stock is owned by insiders.

Charles Schwab Stock Performance

NYSE:SCHW 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 company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $143.51 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 1.76 and a beta of 0.96. The firm has a 50-day moving average price of $68.74 and a 200 day moving average price of $69.59.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (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 analyst estimates of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 earnings per share. Research analysts anticipate that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.24%. Charles Schwab’s dividend payout ratio is 39.06%.

Analyst Ratings Changes

SCHW has been the topic of several research analyst reports. Morgan Stanley boosted their price target on shares of Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Bank of America lowered their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. Wells Fargo & Company boosted their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. JMP Securities boosted their price target on shares of Charles Schwab from $82.00 to $84.00 and gave the company a “market outperform” rating in a report on Wednesday, October 16th. Finally, Cowen upped their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and an average price target of $74.18.

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.