The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 351.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,911 shares of the financial services provider’s stock after acquiring an additional 9,275 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Charles Schwab were worth $772,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Country Trust Bank purchased a new stake in shares of Charles Schwab in the 2nd quarter valued at approximately $26,000. Fortitude Family Office LLC lifted its holdings 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 purchasing an additional 192 shares in the last quarter. American Capital Advisory LLC acquired a new stake in shares of Charles Schwab in the second quarter worth $27,000. CGC Financial Services LLC purchased a new position in shares of Charles Schwab during the second quarter valued at $29,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in Charles Schwab during the second quarter valued at $29,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Charles Schwab

In related news, President Richard A. Wurster acquired 10,000 shares of the stock in a transaction dated Wednesday, July 17th. The shares were acquired at an average price of $62.05 per share, for a total transaction of $620,500.00. Following the completion of the purchase, the president now owns 144,228 shares in the company, valued at approximately $8,949,347.40. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Richard A. Wurster bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was purchased at an average price of $62.05 per share, with a total value of $620,500.00. Following the completion of the purchase, the president now directly owns 144,228 shares of the company’s stock, valued at $8,949,347.40. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 98,856 shares of company stock worth $6,398,604 over the last three months. 6.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SCHW shares. Barclays lowered their target price on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 17th. Citigroup dropped their price objective on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $80.00 target price on shares of Charles Schwab in a research note on Thursday, August 22nd. Wells Fargo & Company started coverage on shares of Charles Schwab in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 price target on the stock. Finally, Morgan Stanley reduced their price objective on Charles Schwab from $70.00 to $68.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $72.25.

Charles Schwab Trading Up 1.5 %

NYSE:SCHW opened at $67.68 on Friday. The company’s 50 day moving average is $64.12 and its 200-day moving average is $69.55. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49. The firm has a market cap of $120.29 billion, a price-to-earnings ratio of 28.32, a P/E/G ratio of 1.43 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. Equities analysts anticipate that The Charles Schwab Co. will post 3.07 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.48%. The ex-dividend date was Friday, August 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

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.