Lynx Investment Advisory Purchases Shares of 1,987 The Charles Schwab Co. (NYSE:SCHW)

Lynx Investment Advisory acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,987 shares of the financial services provider’s stock, valued at approximately $146,000.

Several other large investors have also recently added to or reduced their stakes in SCHW. Price T Rowe Associates Inc. MD increased its position in Charles Schwab by 33.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after buying an additional 17,369,091 shares during the period. Norges Bank bought a new position in shares of Charles Schwab in the fourth quarter worth $950,192,000. Boston Partners increased its position in shares of Charles Schwab by 424.7% in the fourth quarter. Boston Partners now owns 4,451,090 shares of the financial services provider’s stock worth $305,400,000 after purchasing an additional 3,602,830 shares during the period. Morningstar Investment Services LLC increased its position in shares of Charles Schwab by 98.0% in the fourth quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock worth $326,284,000 after purchasing an additional 2,322,156 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Charles Schwab by 19.7% in the fourth quarter. Franklin Resources Inc. now owns 9,472,698 shares of the financial services provider’s stock worth $651,722,000 after purchasing an additional 1,558,975 shares during the period. Institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on SCHW shares. JMP Securities decreased their price target on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating on the stock in a research report on Tuesday, July 23rd. Jefferies Financial Group raised their price target on Charles Schwab from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. JPMorgan Chase & Co. decreased their price target on Charles Schwab from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. Morgan Stanley decreased their target price on Charles Schwab from $73.00 to $71.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 11th. Finally, UBS Group decreased their target price on Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and a consensus target price of $74.27.

Insider Buying and Selling

In related news, President Richard A. Wurster acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were bought at an average cost of $62.05 per share, with a total value of $620,500.00. Following the completion of the purchase, the president now directly owns 144,228 shares in the company, valued at $8,949,347.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Charles Schwab news, President Richard A. Wurster purchased 10,000 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were purchased at an average cost of $62.05 per share, with a total value of $620,500.00. Following the completion of the purchase, the president now owns 144,228 shares in the company, valued at $8,949,347.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 67,386 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total value of $4,387,502.46. Following the completion of the transaction, the chairman now directly owns 60,619,371 shares in the company, valued at $3,946,927,245.81. The disclosure for this sale can be found here. Insiders have sold a total of 273,586 shares of company stock valued at $19,570,869 over the last ninety days. 6.60% of the stock is owned by company insiders.

Charles Schwab Trading Up 0.8 %

Shares of SCHW stock traded up $0.51 during mid-day trading on Tuesday, reaching $62.80. 7,690,532 shares of the stock traded hands, compared to its average volume of 8,036,733. The stock’s fifty day simple moving average is $70.80 and its two-hundred day simple moving average is $70.05. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. The company has a market cap of $111.61 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 1.18 and a beta of 0.99. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Charles Schwab had a return on equity of 18.65% and a net margin of 26.30%. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period last year, the firm posted $0.75 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts anticipate that The Charles Schwab Co. will post 3.09 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Friday, August 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Charles Schwab Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.