North Peak Capital Management LLC Purchases 114,280 Shares of The Charles Schwab Co. (NYSE:SCHW)

North Peak Capital Management LLC grew its position in The Charles Schwab Co. (NYSE:SCHW) by 6.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,897,155 shares of the financial services provider’s stock after purchasing an additional 114,280 shares during the quarter. Charles Schwab makes up about 17.3% of North Peak Capital Management LLC’s portfolio, making the stock its 3rd largest position. North Peak Capital Management LLC owned 0.11% of Charles Schwab worth $122,955,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SCHW. Washington Trust Advisors Inc. lifted its stake in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Charles Schwab in the 3rd quarter valued at $25,000. Country Trust Bank acquired a new position in shares of Charles Schwab during the 2nd quarter valued at $26,000. American Capital Advisory LLC bought a new position in Charles Schwab during the second quarter worth $27,000. Finally, Fortitude Family Office LLC grew its holdings in Charles Schwab by 97.5% in the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 192 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Trading Up 0.6 %

NYSE:SCHW opened at $81.77 on Tuesday. The Charles Schwab Co. has a 52 week low of $55.59 and a 52 week high of $82.50. The firm has a 50-day moving average price of $70.91 and a two-hundred day moving average price of $69.81. 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 firm has a market cap of $145.52 billion, a price-to-earnings ratio of 31.94, a price-to-earnings-growth ratio of 1.76 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS 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 company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the business posted $0.77 earnings per share. Charles Schwab’s revenue was up 5.2% on a year-over-year basis. On average, equities analysts expect that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 39.06%.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several research reports. Raymond James dropped their price objective on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Morgan Stanley upped their price target on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group upped their target price on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, Bank of America reduced their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $74.18.

Insider Activity at Charles Schwab

In related news, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now owns 442,807 shares in the company, valued at approximately $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Charles R. Schwab sold 62,345 shares of the firm’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 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 112,929 shares of company stock worth $8,196,624. 6.60% of the stock is owned by company insiders.

Charles Schwab Company 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.