Charles Schwab Co. (NYSE:SCHW) Holdings Lowered by Signaturefd LLC

Signaturefd LLC trimmed its stake in shares of Charles Schwab Co. (NYSE:SCHW) by 23.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,693 shares of the financial services provider’s stock after selling 2,019 shares during the period. Signaturefd LLC’s holdings in Charles Schwab were worth $280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board lifted its holdings in shares of Charles Schwab by 5.2% during the second quarter. Canada Pension Plan Investment Board now owns 1,195,391 shares of the financial services provider’s stock valued at $48,043,000 after purchasing an additional 59,260 shares during the last quarter. Comerica Bank lifted its holdings in shares of Charles Schwab by 2.1% during the second quarter. Comerica Bank now owns 281,960 shares of the financial services provider’s stock valued at $11,619,000 after purchasing an additional 5,665 shares during the last quarter. Chemical Bank lifted its holdings in shares of Charles Schwab by 2.3% during the second quarter. Chemical Bank now owns 54,203 shares of the financial services provider’s stock valued at $2,179,000 after purchasing an additional 1,236 shares during the last quarter. Rathbone Brothers plc lifted its holdings in shares of Charles Schwab by 3.2% during the second quarter. Rathbone Brothers plc now owns 15,943 shares of the financial services provider’s stock valued at $641,000 after purchasing an additional 495 shares during the last quarter. Finally, Atlanta Capital Management Co. L L C lifted its holdings in shares of Charles Schwab by 2.9% during the second quarter. Atlanta Capital Management Co. L L C now owns 936,913 shares of the financial services provider’s stock valued at $37,655,000 after purchasing an additional 26,327 shares during the last quarter. 79.07% of the stock is owned by institutional investors and hedge funds.

Charles Schwab stock traded up $0.49 during mid-day trading on Friday, hitting $39.94. The company’s stock had a trading volume of 7,393,407 shares, compared to its average volume of 12,458,346. The firm’s 50 day moving average is $39.66 and its 200 day moving average is $41.50. The company has a market cap of $51.57 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 2.51 and a beta of 1.32. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.31 and a quick ratio of 0.31. Charles Schwab Co. has a 52-week low of $34.58 and a 52-week high of $49.24.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.05. Charles Schwab had a return on equity of 20.85% and a net margin of 35.12%. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the firm posted $0.65 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. As a group, analysts forecast that Charles Schwab Co. will post 2.7 EPS for the current year.

In other Charles Schwab news, Chairman Charles R. Schwab sold 105,422 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $40.08, for a total value of $4,225,313.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen T. Mclin sold 5,093 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $37.56, for a total value of $191,293.08. Following the completion of the transaction, the director now directly owns 7,297 shares in the company, valued at $274,075.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,677 shares of company stock worth $8,993,241. Insiders own 10.90% of the company’s stock.

SCHW has been the subject of several analyst reports. Argus reaffirmed a “buy” rating and set a $52.00 target price (down from $57.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Keefe, Bruyette & Woods downgraded Charles Schwab from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $51.00 to $43.50 in a research note on Friday, July 12th. Sandler O’Neill set a $45.00 price objective on Charles Schwab and gave the stock a “buy” rating in a research note on Tuesday. Barclays downgraded Charles Schwab from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from $48.00 to $34.00 in a research note on Wednesday, October 2nd. Finally, Morgan Stanley reduced their price objective on Charles Schwab from $48.00 to $43.00 and set an “overweight” rating for the company in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $44.15.

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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