RW Investment Management LLC Sells 194 Shares of The Charles Schwab Co. (NYSE:SCHW)

RW Investment Management LLC reduced its position in The Charles Schwab Co. (NYSE:SCHW) by 2.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,264 shares of the financial services provider’s stock after selling 194 shares during the period. RW Investment Management LLC’s holdings in Charles Schwab were worth $471,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCHW. Natixis purchased a new stake in shares of Charles Schwab during the first quarter worth about $523,000. Capital International Investors raised its stake in shares of Charles Schwab by 47.6% during the 1st quarter. Capital International Investors now owns 1,125,330 shares of the financial services provider’s stock worth $81,406,000 after buying an additional 362,981 shares during the period. JT Stratford LLC raised its stake in shares of Charles Schwab by 1.8% during the 1st quarter. JT Stratford LLC now owns 13,721 shares of the financial services provider’s stock worth $993,000 after buying an additional 240 shares during the period. Canada Pension Plan Investment Board raised its stake in Charles Schwab by 81.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,507,634 shares of the financial services provider’s stock valued at $109,062,000 after purchasing an additional 677,276 shares during the last quarter. Finally, Envoi LLC acquired a new position in Charles Schwab in the 1st quarter valued at $313,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SCHW shares. JPMorgan Chase & Co. increased their price objective on Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Citigroup lowered their price target on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, September 27th. Cowen increased their target price on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Raymond James decreased their target price on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $74.18.

Charles Schwab Trading Down 0.2 %

Shares of SCHW stock opened at $80.31 on Thursday. The business’s 50 day moving average is $69.79 and its two-hundred day moving average is $69.74. The Charles Schwab Co. has a twelve month low of $55.42 and a twelve month high of $82.50. The company has a market capitalization of $142.92 billion, a P/E ratio of 31.43, a price-to-earnings-growth ratio of 1.74 and a beta of 0.96. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the business earned $0.77 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts forecast that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.25%. Charles Schwab’s dividend payout ratio is presently 39.06%.

Insider Buying and Selling

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the completion of the transaction, the director now directly owns 554,929 shares of the company’s stock, valued at $35,543,202.45. The trade was a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 62,345 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the transaction, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at approximately $4,396,116,784.92. This trade represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,929 shares of company stock valued at $8,196,624. 6.60% of the stock is owned by insiders.

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.