Hardman Johnston Global Advisors LLC Trims Position in The Charles Schwab Co. (NYSE:SCHW)

Hardman Johnston Global Advisors LLC cut its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 543,693 shares of the financial services provider’s stock after selling 22,880 shares during the period. Charles Schwab makes up 1.4% of Hardman Johnston Global Advisors LLC’s holdings, making the stock its 25th biggest holding. Hardman Johnston Global Advisors LLC’s holdings in Charles Schwab were worth $35,237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SCHW. Country Trust Bank purchased a new stake in Charles Schwab in the 2nd quarter valued at about $26,000. American Capital Advisory LLC acquired a new position in shares of Charles Schwab in the 2nd quarter worth approximately $27,000. Fortitude Family Office LLC boosted its position in shares of Charles Schwab by 97.5% during the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 192 shares during the period. CGC Financial Services LLC purchased a new stake in Charles Schwab in the second quarter valued at approximately $29,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in Charles Schwab during the second quarter worth $29,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Up 0.5 %

SCHW stock opened at $71.33 on Wednesday. The company’s 50 day moving average is $66.67 and its two-hundred day moving average is $69.45. The Charles Schwab Co. has a twelve month low of $53.49 and a twelve month high of $79.49. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The stock has a market cap of $126.86 billion, a P/E ratio of 27.86, a PEG ratio of 1.63 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 27.47% and a return on equity of 17.52%. Charles Schwab’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. Research analysts expect that The Charles Schwab Co. will post 3.11 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

Analyst Ratings Changes

Several research firms recently issued reports on SCHW. UBS Group cut their price objective on Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. JPMorgan Chase & Co. raised their price objective on shares of Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Cowen upped their target price on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Charles Schwab from $77.00 to $76.00 in a research report on Tuesday, October 15th. Finally, Bank of America reduced their price objective on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Charles Schwab presently has an average rating of “Hold” and an average target price of $73.94.

Insider Buying and Selling at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction 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 $35,543,202.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the transaction, the director now owns 554,929 shares in the company, valued at $35,543,202.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 sale, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at $4,396,116,784.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,465 shares of company stock worth $8,050,109. 6.60% of the stock is owned by insiders.

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.