Aureus Asset Management LLC Grows Holdings in The Charles Schwab Co. (NYSE:SCHW)

Aureus Asset Management LLC grew its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 682,136 shares of the financial services provider’s stock after buying an additional 16,044 shares during the period. Charles Schwab accounts for approximately 2.9% of Aureus Asset Management LLC’s holdings, making the stock its 10th biggest position. Aureus Asset Management LLC’s holdings in Charles Schwab were worth $44,209,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SCHW. Cetera Advisors LLC raised its position in shares of Charles Schwab by 126.0% in the 1st quarter. Cetera Advisors LLC now owns 65,976 shares of the financial services provider’s stock worth $4,773,000 after purchasing an additional 36,782 shares during the last quarter. Transcend Capital Advisors LLC raised its position in Charles Schwab by 17.0% in the 2nd quarter. Transcend Capital Advisors LLC now owns 4,981 shares of the financial services provider’s stock worth $367,000 after buying an additional 725 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in Charles Schwab by 25.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 5,790 shares of the financial services provider’s stock worth $427,000 after buying an additional 1,169 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Charles Schwab by 302.2% during the 2nd quarter. Versant Capital Management Inc now owns 555 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 417 shares during the last quarter. Finally, Trust Co. of Toledo NA OH increased its position in shares of Charles Schwab by 32.8% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 4,352 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 1,075 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,481,838.69. This represents a 11.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the sale, the director now directly owns 554,929 shares in the company, valued at $35,543,202.45. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 127,968 shares of company stock valued at $9,419,271 in the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Morgan Stanley upped their price target on shares of Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Cowen upped their price target on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Barclays upped their price target on shares of Charles Schwab from $64.00 to $74.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Piper Sandler upped their price target on shares of Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $75.56.

Charles Schwab Trading Up 0.2 %

SCHW stock opened at $82.76 on Monday. The Charles Schwab Co. has a 1-year low of $59.61 and a 1-year high of $83.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market capitalization of $147.28 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 1.79 and a beta of 0.96. The business has a 50 day simple moving average of $72.37 and a two-hundred day simple moving average of $69.97.

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

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.21%. Charles Schwab’s payout ratio is 39.06%.

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.