27,398 Shares in The Charles Schwab Co. (NYSE:SCHW) Purchased by Aurora Investment Counsel

Aurora Investment Counsel purchased a new position in The Charles Schwab Co. (NYSE:SCHWGet Rating) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 27,398 shares of the financial services provider’s stock, valued at approximately $1,731,000. Charles Schwab makes up about 1.1% of Aurora Investment Counsel’s investment portfolio, making the stock its 13th largest holding.

A number of other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp bought a new stake in shares of Charles Schwab during the second quarter valued at approximately $26,000. Princeton Global Asset Management LLC raised its holdings in shares of Charles Schwab by 104.5% during the first quarter. Princeton Global Asset Management LLC now owns 321 shares of the financial services provider’s stock valued at $27,000 after buying an additional 164 shares during the last quarter. Heritage Financial Services LLC bought a new stake in shares of Charles Schwab during the second quarter valued at approximately $28,000. Roble Belko & Company Inc bought a new stake in shares of Charles Schwab during the first quarter valued at approximately $30,000. Finally, Gradient Investments LLC raised its holdings in shares of Charles Schwab by 53.0% during the second quarter. Gradient Investments LLC now owns 482 shares of the financial services provider’s stock valued at $30,000 after buying an additional 167 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Price Performance

Charles Schwab stock traded up $0.15 during mid-day trading on Thursday, hitting $81.41. The company’s stock had a trading volume of 4,386,397 shares, compared to its average volume of 8,115,531. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $147.83 billion, a P/E ratio of 24.74, a P/E/G ratio of 0.92 and a beta of 1.00. The Charles Schwab Co. has a twelve month low of $59.35 and a twelve month high of $96.24. The stock’s fifty day moving average price is $74.87 and its two-hundred day moving average price is $69.79.

Charles Schwab (NYSE:SCHWGet Rating) last posted its quarterly earnings data on Monday, October 17th. The financial services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.05. Charles Schwab had a net margin of 34.02% and a return on equity of 20.59%. The firm had revenue of $5.50 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same period in the previous year, the company posted $0.84 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. Research analysts forecast that The Charles Schwab Co. will post 3.91 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Friday, November 11th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, November 9th. Charles Schwab’s payout ratio is 26.75%.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan M. Craig sold 4,019 shares of Charles Schwab stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $79.08, for a total transaction of $317,822.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Charles Schwab news, Chairman Charles R. Schwab sold 135,000 shares of Charles Schwab stock in a transaction on Monday, October 31st. The shares were sold at an average price of $79.49, for a total transaction of $10,731,150.00. Following the completion of the sale, the chairman now owns 69,184,882 shares of the company’s stock, valued at approximately $5,499,506,270.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan M. Craig sold 4,019 shares of Charles Schwab stock in a transaction on Friday, October 28th. The shares were sold at an average price of $79.08, for a total transaction of $317,822.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 601,293 shares of company stock worth $47,659,759. Corporate insiders own 7.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SCHW shares. Deutsche Bank Aktiengesellschaft lifted their price target on Charles Schwab from $100.00 to $101.00 and gave the company a “buy” rating in a report on Tuesday, November 15th. UBS Group lifted their price target on Charles Schwab from $82.00 to $85.00 and gave the company a “buy” rating in a report on Friday, September 16th. StockNews.com initiated coverage on Charles Schwab in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Credit Suisse Group cut Charles Schwab from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $80.00 to $84.00 in a report on Tuesday, November 1st. Finally, Jefferies Financial Group boosted their target price on Charles Schwab from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, September 19th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and a consensus price target of $91.92.

About Charles Schwab

(Get Rating)

The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, 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 and mutual fund clearing services, as well as compliance solutions.

Further Reading

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Co. (NYSE:SCHWGet Rating).

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

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