Schroder Investment Management Group lessened its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 109,198 shares of the financial services provider’s stock after selling 7,123 shares during the quarter. Schroder Investment Management Group’s holdings in The Charles Schwab were worth $4,764,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SCHW. First Manhattan Co. boosted its holdings in shares of The Charles Schwab by 0.6% in the 2nd quarter. First Manhattan Co. now owns 256,889 shares of the financial services provider’s stock valued at $11,035,000 after purchasing an additional 1,471 shares in the last quarter. Garde Capital Inc. acquired a new stake in shares of The Charles Schwab in the 2nd quarter valued at $207,000. Sei Investments Co. boosted its holdings in shares of The Charles Schwab by 4.9% in the 2nd quarter. Sei Investments Co. now owns 2,000,867 shares of the financial services provider’s stock valued at $85,957,000 after purchasing an additional 94,338 shares in the last quarter. United Bank boosted its holdings in shares of The Charles Schwab by 59.9% in the 2nd quarter. United Bank now owns 8,786 shares of the financial services provider’s stock valued at $377,000 after purchasing an additional 3,293 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of The Charles Schwab in the 2nd quarter valued at $314,000. 79.84% of the stock is currently owned by hedge funds and other institutional investors.

In other The Charles Schwab news, insider Walter W. Bettinger acquired 72,510 shares of the stock in a transaction dated Tuesday, November 7th. The stock was purchased at an average cost of $27.21 per share, with a total value of $1,972,997.10. Following the transaction, the insider now owns 41,330 shares in the company, valued at approximately $1,124,589.30. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Marie A. Chandoha sold 6,018 shares of The Charles Schwab stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $44.06, for a total value of $265,153.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,778,324 shares of company stock valued at $82,710,964. 12.00% of the stock is owned by corporate insiders.

The Charles Schwab Corporation (NYSE SCHW) traded down $0.67 during midday trading on Tuesday, hitting $50.72. The company had a trading volume of 7,238,300 shares, compared to its average volume of 7,071,295. 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 12 month low of $37.16 and a 12 month high of $51.89. The firm has a market cap of $68,892.20, a P/E ratio of 32.94, a price-to-earnings-growth ratio of 2.19 and a beta of 1.74.

The Charles Schwab (NYSE:SCHW) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. The Charles Schwab had a return on equity of 15.77% and a net margin of 27.30%. The Charles Schwab’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. equities research analysts anticipate that The Charles Schwab Corporation will post 1.62 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Friday, November 10th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.63%. The ex-dividend date was Thursday, November 9th. The Charles Schwab’s dividend payout ratio is currently 20.51%.

A number of equities research analysts have weighed in on SCHW shares. BidaskClub raised The Charles Schwab from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $47.00 price objective on shares of The Charles Schwab in a report on Friday, September 15th. Jefferies Group reissued a “buy” rating and set a $49.00 price objective on shares of The Charles Schwab in a report on Friday, September 15th. Deutsche Bank raised their price objective on The Charles Schwab from $46.00 to $47.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, Credit Suisse Group initiated coverage on The Charles Schwab in a report on Thursday, November 30th. They set an “outperform” rating and a $55.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The Charles Schwab has a consensus rating of “Buy” and a consensus price target of $47.56.

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The Charles Schwab 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 (NYSE:SCHW)

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