Giverny Capital Inc. increased its stake in shares of Charles Schwab Co. (NYSE:SCHW) by 11.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 737,124 shares of the financial services provider’s stock after buying an additional 72,778 shares during the period. Charles Schwab makes up 3.6% of Giverny Capital Inc.’s holdings, making the stock its 10th biggest holding. Giverny Capital Inc.’s holdings in Charles Schwab were worth $31,519,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pinkerton Retirement Specialists LLC lifted its position in Charles Schwab by 6.6% during the 4th quarter. Pinkerton Retirement Specialists LLC now owns 30,548 shares of the financial services provider’s stock worth $1,269,000 after buying an additional 1,888 shares in the last quarter. Private Advisor Group LLC lifted its position in Charles Schwab by 13.9% during the 4th quarter. Private Advisor Group LLC now owns 38,460 shares of the financial services provider’s stock worth $1,592,000 after buying an additional 4,680 shares in the last quarter. Principal Financial Group Inc. lifted its position in Charles Schwab by 5.8% during the 4th quarter. Principal Financial Group Inc. now owns 3,541,087 shares of the financial services provider’s stock worth $147,062,000 after buying an additional 193,547 shares in the last quarter. Stack Financial Management Inc lifted its position in Charles Schwab by 4.4% during the 1st quarter. Stack Financial Management Inc now owns 411,543 shares of the financial services provider’s stock worth $17,598,000 after buying an additional 17,452 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Charles Schwab during the 1st quarter worth about $375,000. Institutional investors and hedge funds own 78.96% of the company’s stock.

NYSE:SCHW traded down $1.35 on Friday, hitting $41.01. 14,013,432 shares of the stock were exchanged, compared to its average volume of 6,640,071. The stock has a market capitalization of $54.75 billion, a P/E ratio of 16.74, a P/E/G ratio of 1.88 and a beta of 1.35. Charles Schwab Co. has a 52 week low of $37.83 and a 52 week high of $56.60. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.36.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Charles Schwab had a return on equity of 20.47% and a net margin of 35.27%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 EPS. As a group, equities analysts predict that Charles Schwab Co. will post 2.77 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Wednesday, May 15th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.66%. Charles Schwab’s dividend payout ratio (DPR) is presently 27.76%.

Several research analysts recently issued reports on the stock. Zacks Investment Research raised Charles Schwab from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Wednesday, March 13th. ValuEngine raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Wells Fargo & Co dropped their price objective on Charles Schwab from $48.00 to $47.00 and set a “market perform” rating for the company in a report on Friday, April 5th. Deutsche Bank dropped their price objective on Charles Schwab from $54.00 to $53.00 and set a “buy” rating for the company in a report on Friday, March 15th. Finally, Bank of America set a $50.00 price objective on Charles Schwab and gave the stock a “buy” rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $52.70.

In other news, Director Stephen T. Mclin sold 4,356 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $43.85, for a total value of $191,010.60. Following the completion of the sale, the director now directly owns 7,592 shares of the company’s stock, valued at approximately $332,909.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles A. Ruffel purchased 2,500 shares of the stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $46.10 per share, with a total value of $115,250.00. Following the completion of the purchase, the director now owns 788 shares in the company, valued at $36,326.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 841,576 shares of company stock valued at $38,416,671. 10.90% of the stock is currently owned by company insiders.

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Charles Schwab Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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

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