Clarkston Capital Partners LLC Acquires 1,564 Shares of The Charles Schwab Co. (NYSE:SCHW)

Clarkston Capital Partners LLC lifted its position in The Charles Schwab Co. (NYSE:SCHW) by 0.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,021,612 shares of the financial services provider’s stock after purchasing an additional 1,564 shares during the period. Charles Schwab accounts for about 1.2% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 24th biggest position. Clarkston Capital Partners LLC owned approximately 0.06% of Charles Schwab worth $66,211,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Country Trust Bank bought a new stake in Charles Schwab during the 2nd quarter valued at $26,000. Capital Performance Advisors LLP purchased a new stake in shares of Charles Schwab during the third quarter worth about $25,000. Washington Trust Advisors Inc. increased its holdings in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 149 shares in the last quarter. Fortitude Family Office LLC boosted its stake in Charles Schwab by 97.5% in 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 in the last quarter. Finally, American Capital Advisory LLC purchased a new stake in Charles Schwab during the 2nd quarter worth approximately $27,000. Institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on SCHW. Citigroup decreased their price target on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, September 27th. Morgan Stanley lifted their price target on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Cowen increased their price objective on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given 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 $74.18.

Charles Schwab Stock Up 0.6 %

SCHW opened at $80.64 on Monday. The company has a market cap 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 Charles Schwab Co. has a twelve month low of $55.09 and a twelve month high of $82.50. The company has a 50-day moving average price of $68.74 and a 200 day moving average price of $69.59. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $4.78 billion. During the same quarter in the prior year, the firm earned $0.77 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. Sell-side analysts expect that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

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

Insider Activity

In other news, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the transaction, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated 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. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,645 shares of company stock worth $7,440,627 over the last three months. Insiders own 6.60% of the company’s stock.

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.