The Charles Schwab Corporation $SCHW Stock Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD lowered its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 47.2% during the third quarter, HoldingsChannel.com reports. The firm owned 981,824 shares of the financial services provider’s stock after selling 876,317 shares during the period. Charles Schwab makes up approximately 2.1% of Mondrian Investment Partners LTD’s holdings, making the stock its 17th largest holding. Mondrian Investment Partners LTD’s holdings in Charles Schwab were worth $95,963,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Compass Financial Management LLC purchased a new stake in shares of Charles Schwab in the second quarter valued at approximately $27,000. Scarborough Advisors LLC acquired a new position in shares of Charles Schwab during the 1st quarter worth approximately $29,000. Main Street Group LTD acquired a new position in shares of Charles Schwab during the 1st quarter worth approximately $33,000. Mascoma Wealth Management LLC lifted its position in shares of Charles Schwab by 71.6% during the 3rd quarter. Mascoma Wealth Management LLC now owns 374 shares of the financial services provider’s stock valued at $37,000 after buying an additional 156 shares in the last quarter. Finally, J.Safra Asset Management Corp purchased a new position in shares of Charles Schwab during the 2nd quarter valued at approximately $39,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 74,388 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $110.91, for a total value of $8,250,373.08. Following the transaction, the chairman directly owned 610,360 shares of the company’s stock, valued at $67,695,027.60. This trade represents a 10.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paula A. Sneed sold 5,263 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $107.15, for a total transaction of $563,930.45. Following the completion of the transaction, the director directly owned 91,711 shares in the company, valued at $9,826,833.65. This trade represents a 5.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 632,577 shares of company stock worth $68,214,123 in the last 90 days. 6.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $125.00 price target on shares of Charles Schwab and gave the company a “buy” rating in a research note on Friday, October 16th. Zacks Research cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Citizens Jmp reaffirmed a “market outperform” rating and set a $120.00 price objective on shares of Charles Schwab in a report on Friday, October 16th. Morgan Stanley dropped their target price on shares of Charles Schwab from $141.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a research report on Friday, October 16th. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $120.18.

Charles Schwab Trading Down 1.0%

Shares of SCHW opened at $90.56 on Friday. The Charles Schwab Corporation has a 52-week low of $83.96 and a 52-week high of $114.53. The stock has a market cap of $156.61 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 0.81 and a beta of 0.79. The firm’s fifty day moving average is $102.66 and its two-hundred day moving average is $98.06. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.52.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, October 15th. The financial services provider reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The business had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $7.18 billion. Charles Schwab had a net margin of 39.33% and a return on equity of 25.79%. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.31 earnings per share. Research analysts forecast that The Charles Schwab Corporation will post 6.41 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, November 13th. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. Charles Schwab’s payout ratio is presently 21.84%.

Key Stories Impacting Charles Schwab

Here are the key news stories impacting Charles Schwab this week:

• Positive Sentiment: Schwab may benefit if short-term interest rates remain elevated. Higher yields can increase the income the cash-rich brokerage earns on client balances, potentially supporting net interest revenue and profitability. Why Charles Schwab Stock Could Benefit If Short Term Rates Stay Higher
• Positive Sentiment: The board declared a regular quarterly common-stock dividend of $0.32 per share, equivalent to $1.28 annually and a stated yield of approximately 1.4%. The dividend is payable November 27 to shareholders of record November 13. Schwab Declares Quarterly Common Stock Dividend and Declares Preferred Stock Dividends
• Positive Sentiment: Opening two Portland branches could expand Schwab’s local presence and support client acquisition, although the financial impact is likely modest initially. Schwab opens two new Portland branches to expand local access

Charles Schwab Company Profile

The Charles Schwab Corporation (NYSE: SCHW) is a financial services company that provides investment, wealth management, banking and related services to individual investors, financial professionals and institutional clients. Through its brokerage business, Schwab offers trading and custody services for stocks, exchange-traded funds, mutual funds, options, fixed-income securities and other investments, along with retirement accounts and investment research tools.

The company also provides advisory and wealth management services, including managed portfolios, financial planning and support for registered investment advisors.