Skandinaviska Enskilda Banken AB publ grew its position in The Charles Schwab Corporation (NYSE:SCHW) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,663 shares of the financial services provider’s stock after purchasing an additional 2,900 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in The Charles Schwab were worth $8,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of SCHW. WealthTrust Arizona LLC boosted its position in shares of The Charles Schwab by 1.2% during the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 29 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new position in shares of The Charles Schwab during the second quarter worth $145,000. Fiduciary Trust Co. bought a new position in shares of The Charles Schwab during the second quarter worth $163,000. Paradigm Asset Management Co. LLC boosted its position in shares of The Charles Schwab by 4.7% during the second quarter. Paradigm Asset Management Co. LLC now owns 4,450 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 200 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of The Charles Schwab by 31.4% during the second quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock worth $168,000 after acquiring an additional 1,082 shares during the last quarter. Institutional investors and hedge funds own 79.84% of the company’s stock.

In other news, EVP Terri R. Kallsen sold 815 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $43.97, for a total value of $35,835.55. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Terri R. Kallsen sold 1,000 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $38.99, for a total transaction of $38,990.00. Following the completion of the sale, the executive vice president now directly owns 5,212 shares in the company, valued at approximately $203,215.88. The disclosure for this sale can be found here. In the last three months, insiders sold 1,558,339 shares of company stock worth $71,645,892. Insiders own 12.00% of the company’s stock.

A number of brokerages recently weighed in on SCHW. BidaskClub lowered shares of The Charles Schwab from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $47.00 price target on shares of The Charles Schwab in a research note on Friday, September 15th. Credit Suisse Group assumed coverage on shares of The Charles Schwab in a research note on Thursday. They set an “outperform” rating and a $55.00 price target on the stock. Jefferies Group reaffirmed a “buy” rating and set a $49.00 price target on shares of The Charles Schwab in a research note on Friday, September 15th. Finally, Barclays assumed coverage on shares of The Charles Schwab in a research note on Friday, September 8th. They set an “overweight” rating and a $48.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $47.56.

Shares of The Charles Schwab Corporation (NYSE SCHW) traded up $0.71 on Friday, hitting $49.50. 10,350,000 shares of the stock traded hands, compared to its average volume of 4,946,292. The Charles Schwab Corporation has a 1-year low of $37.16 and a 1-year high of $49.55. The stock has a market capitalization of $65,406.71, a P/E ratio of 31.28, a P/E/G ratio of 2.08 and a beta of 1.74. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.21.

The Charles Schwab (NYSE:SCHW) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The Charles Schwab had a net margin of 27.30% and a return on equity of 15.77%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. sell-side analysts forecast that The Charles Schwab Corporation will post 1.62 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Thursday, November 9th. The Charles Schwab’s dividend payout ratio is currently 20.51%.

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The Charles Schwab 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.

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

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