British Airways Pensions Investment Management Ltd decreased its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 725,652 shares of the financial services provider’s stock after selling 65,594 shares during the period. British Airways Pensions Investment Management Ltd owned approximately 0.05% of The Charles Schwab Corporation worth $31,732,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of The Charles Schwab Corporation by 3.2% during the second quarter. Vanguard Group Inc. now owns 81,925,586 shares of the financial services provider’s stock worth $3,519,523,000 after buying an additional 2,536,947 shares during the period. BlackRock Inc. boosted its stake in shares of The Charles Schwab Corporation by 2.5% during the second quarter. BlackRock Inc. now owns 73,666,134 shares of the financial services provider’s stock worth $3,164,699,000 after buying an additional 1,790,015 shares during the period. JPMorgan Chase & Co. raised its holdings in The Charles Schwab Corporation by 1.3% during the second quarter. JPMorgan Chase & Co. now owns 39,576,199 shares of the financial services provider’s stock worth $1,700,193,000 after purchasing an additional 491,451 shares in the last quarter. FMR LLC raised its holdings in The Charles Schwab Corporation by 11.3% during the second quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock worth $1,321,708,000 after purchasing an additional 3,128,532 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in The Charles Schwab Corporation by 86.3% during the second quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock worth $1,041,230,000 after purchasing an additional 11,224,199 shares in the last quarter. Institutional investors and hedge funds own 79.41% of the company’s stock.

Several research firms recently issued reports on SCHW. Barclays PLC increased their price target on shares of The Charles Schwab Corporation from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. Instinet reissued a “neutral” rating and set a $43.00 price target (down from $46.00) on shares of The Charles Schwab Corporation in a report on Monday, July 24th. Argus reissued a “buy” rating and set a $48.00 price target (up from $46.00) on shares of The Charles Schwab Corporation in a report on Friday, July 21st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $47.00 price target on shares of The Charles Schwab Corporation in a report on Friday, September 15th. Finally, Deutsche Bank AG increased their price target on shares of The Charles Schwab Corporation from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The Charles Schwab Corporation presently has an average rating of “Buy” and a consensus price target of $47.07.

Shares of The Charles Schwab Corporation (SCHW) traded up $0.19 on Thursday, hitting $44.73. 1,621,156 shares of the stock were exchanged, compared to its average volume of 7,085,955. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31. The Charles Schwab Corporation has a fifty-two week low of $36.35 and a fifty-two week high of $46.21. The stock has a market cap of $60,020.00, a PE ratio of 28.58, a price-to-earnings-growth ratio of 1.89 and a beta of 1.74.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. The Charles Schwab Corporation had a net margin of 27.30% and a return on equity of 15.77%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the company posted $0.35 EPS. The company’s revenue was up 13.1% on a year-over-year basis. equities analysts expect that The Charles Schwab Corporation will post 1.62 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.72%. The Charles Schwab Corporation’s dividend payout ratio (DPR) is 20.51%.

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In related news, Chairman Charles R. Schwab sold 225,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $44.89, for a total transaction of $10,100,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Peter B. Crawford sold 1,063 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $44.64, for a total transaction of $47,452.32. Following the sale, the chief financial officer now owns 11,302 shares in the company, valued at approximately $504,521.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 573,095 shares of company stock valued at $25,552,240. Corporate insiders own 12.00% of the company’s stock.

The Charles Schwab Corporation Company Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

Institutional Ownership by Quarter for The Charles Schwab Corporation (NYSE:SCHW)

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