Thompson Siegel & Walmsley LLC Sells 5,304 Shares of The Charles Schwab Co. (NYSE:SCHW)

Thompson Siegel & Walmsley LLC cut its holdings in The Charles Schwab Co. (NYSE:SCHW) by 4.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 128,703 shares of the financial services provider’s stock after selling 5,304 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Charles Schwab were worth $8,341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of SCHW. Natixis purchased a new position in shares of Charles Schwab during the 1st quarter valued at $523,000. Capital International Investors increased its stake in shares of Charles Schwab by 47.6% in the first quarter. Capital International Investors now owns 1,125,330 shares of the financial services provider’s stock worth $81,406,000 after purchasing an additional 362,981 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Charles Schwab by 81.6% in the first 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 period. Gabelli Funds LLC lifted its stake in shares of Charles Schwab by 5.8% during the 1st quarter. Gabelli Funds LLC now owns 52,350 shares of the financial services provider’s stock valued at $3,787,000 after buying an additional 2,850 shares in the last quarter. Finally, LRI Investments LLC bought a new position in Charles Schwab in the 1st quarter worth approximately $154,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $80.80 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a fifty-two week low of $55.42 and a fifty-two week high of $82.50. The stock has a 50 day moving average price of $70.17 and a two-hundred day moving average price of $69.82. The company has a market capitalization of $143.80 billion, a P/E ratio of 31.56, a PEG ratio of 1.74 and a beta of 0.96.

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

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.24%. The ex-dividend date is Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 39.06%.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of analyst reports. Raymond James reduced their price target on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. The Goldman Sachs Group upped their price target on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Barclays upped their target price on shares of Charles Schwab from $64.00 to $74.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company raised their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.18.

Insider Buying and Selling at Charles Schwab

In related news, Chairman Charles R. Schwab sold 62,345 shares of the company’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 sale, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at $4,396,116,784.92. This represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher V. Dodds sold 9,284 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now directly owns 442,807 shares of the company’s stock, valued at $36,057,774.01. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 112,929 shares of company stock valued at $8,196,624. 6.60% of the stock is currently owned by company insiders.

About Charles Schwab

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.