The Charles Schwab Co. (NYSE:SCHW) Holdings Lowered by Financial Avengers Inc.

Financial Avengers Inc. lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.3% during the third quarter, Holdings Channel reports. The institutional investor owned 167,934 shares of the financial services provider’s stock after selling 498 shares during the quarter. Charles Schwab accounts for 5.4% of Financial Avengers Inc.’s holdings, making the stock its 7th largest holding. Financial Avengers Inc.’s holdings in Charles Schwab were worth $10,884,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SCHW. Darsana Capital Partners LP lifted its holdings in Charles Schwab by 200.0% during the 2nd quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock worth $221,070,000 after purchasing an additional 2,000,000 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Charles Schwab by 6.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock worth $1,858,706,000 after purchasing an additional 1,711,312 shares in the last quarter. AustralianSuper Pty Ltd lifted its holdings in Charles Schwab by 2,617.6% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock worth $110,681,000 after purchasing an additional 1,644,931 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in Charles Schwab during the 3rd quarter worth about $86,845,000. Finally, International Assets Investment Management LLC increased its stake in Charles Schwab by 7,559.9% in the 3rd quarter. International Assets Investment Management LLC now owns 889,779 shares of the financial services provider’s stock worth $57,667,000 after acquiring an additional 878,163 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the sale, the chairman now owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This trade represents a 0.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the 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 completion of the sale, the director now 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 position. The disclosure for this sale can be found here. Insiders sold 127,968 shares of company stock worth $9,419,271 in the last ninety days. 6.60% of the stock is owned by company insiders.

Charles Schwab Trading Up 1.0 %

Shares of SCHW stock opened at $82.35 on Wednesday. The stock has a market capitalization of $146.56 billion, a PE ratio of 32.17, a P/E/G ratio of 1.77 and a beta of 0.96. The Charles Schwab Co. has a 1-year low of $59.67 and a 1-year high of $83.35. The business has a 50-day moving average of $74.41 and a 200 day moving average of $70.16. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. The company 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 in the prior year, the business posted $0.77 EPS. As a group, sell-side analysts anticipate that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on SCHW shares. Wells Fargo & Company upped their target price on Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Citigroup decreased their target price on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. JMP Securities restated a “market outperform” rating and issued a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research note on Monday. Finally, JPMorgan Chase & Co. upped their target price on Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and a consensus price target of $78.81.

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.