Tiedemann Advisors LLC acquired a new stake in shares of Charles Schwab Co. (NYSE:SCHW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 4,881 shares of the financial services provider’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC bought a new stake in Charles Schwab in the 3rd quarter valued at about $26,000. FNY Investment Advisers LLC increased its position in Charles Schwab by 133.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 700 shares of the financial services provider’s stock valued at $28,000 after buying an additional 400 shares in the last quarter. Flagship Harbor Advisors LLC increased its position in Charles Schwab by 303.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 802 shares of the financial services provider’s stock valued at $33,000 after buying an additional 603 shares in the last quarter. Gradient Investments LLC increased its position in Charles Schwab by 526.2% in the 3rd quarter. Gradient Investments LLC now owns 814 shares of the financial services provider’s stock valued at $34,000 after buying an additional 684 shares in the last quarter. Finally, Glassman Wealth Services increased its position in Charles Schwab by 51.0% in the 2nd quarter. Glassman Wealth Services now owns 1,098 shares of the financial services provider’s stock valued at $44,000 after buying an additional 371 shares in the last quarter. 79.64% of the stock is currently owned by institutional investors.

In related news, Chairman Charles R. Schwab sold 105,422 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $40.08, for a total value of $4,225,313.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jonathan M. Craig sold 3,740 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $38.97, for a total transaction of $145,747.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,677 shares of company stock valued at $8,993,241. 10.90% of the stock is currently owned by company insiders.

A number of analysts recently commented on the company. Morgan Stanley boosted their target price on Charles Schwab from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Barclays reaffirmed a “sell” rating and issued a $35.00 price target on shares of Charles Schwab in a report on Tuesday, October 22nd. Credit Suisse Group lowered their target price on shares of Charles Schwab from $55.00 to $49.00 and set an “outperform” rating on the stock in a report on Tuesday, October 1st. Wells Fargo & Co reaffirmed a “hold” rating on shares of Charles Schwab in a report on Tuesday, October 15th. Finally, UBS Group upped their price target on shares of Charles Schwab from $33.00 to $35.00 and gave the stock a “sell” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $44.38.

Shares of Charles Schwab stock traded up $0.93 during trading on Friday, reaching $44.31. 311,742 shares of the stock were exchanged, compared to its average volume of 6,452,996. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.40. The stock’s fifty day moving average is $40.10 and its 200 day moving average is $41.11. The firm has a market cap of $55.75 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 2.73 and a beta of 1.32. Charles Schwab Co. has a 1 year low of $34.58 and a 1 year high of $48.23.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.05. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.65 billion. Charles Schwab had a net margin of 35.12% and a return on equity of 20.81%. Charles Schwab’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. Equities analysts forecast that Charles Schwab Co. will post 2.73 earnings per share for the current year.

The company 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 $0.17 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.53%. Charles Schwab’s dividend payout ratio is currently 27.76%.

Charles Schwab Company 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.

Read More: Dividend

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

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