The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in The Charles Schwab Co. (NYSE:SCHW) by 1.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,141,441 shares of the financial services provider’s stock after purchasing an additional 445,304 shares during the period. Geode Capital Management LLC owned approximately 1.69% of Charles Schwab worth $1,945,614,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Washington Trust Advisors Inc. lifted its holdings in shares of 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 purchasing an additional 149 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Charles Schwab in the third quarter valued at $25,000. American Capital Advisory LLC purchased a new stake in shares of Charles Schwab in the second quarter valued at $27,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Charles Schwab in the second quarter valued at $29,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Charles Schwab in the third quarter valued at $31,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

SCHW has been the subject of a number of research analyst reports. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Jefferies Financial Group upped their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday. Barclays raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $74.00 to $95.00 in a research note on Monday. The Goldman Sachs Group upped their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, Bank of America dropped their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Charles Schwab has an average rating of “Hold” and an average price target of $78.81.

Charles Schwab Stock Up 1.0 %

SCHW stock opened at $82.35 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 52-week low of $59.67 and a 52-week high of $83.35. The company has a 50-day moving average of $74.41 and a two-hundred day moving average of $70.16. The stock has a market capitalization of $146.56 billion, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96.

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

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, November 8th. Charles Schwab’s payout ratio is presently 39.06%.

Insider Activity at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,968 shares of company stock worth $9,419,271. Company insiders own 6.60% of the company’s stock.

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.