The Charles Schwab Co. (NYSE:SCHW) Stock Holdings Increased by 1832 Asset Management L.P.

1832 Asset Management L.P. boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 381.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 306,575 shares of the financial services provider’s stock after purchasing an additional 242,894 shares during the period. 1832 Asset Management L.P.’s holdings in Charles Schwab were worth $22,592,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Country Trust Bank purchased a new position in shares of Charles Schwab during the 2nd quarter valued at $26,000. American Capital Advisory LLC purchased a new position in Charles Schwab in the second quarter valued at about $27,000. Fortitude Family Office LLC increased its position in Charles Schwab by 97.5% in the 2nd 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 last quarter. CGC Financial Services LLC purchased a new stake in shares of Charles Schwab during the 2nd quarter worth about $29,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in shares of Charles Schwab during the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays dropped their price objective on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 17th. Morgan Stanley reduced their price objective on shares of Charles Schwab from $71.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. Jefferies Financial Group increased their target price on shares of Charles Schwab from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. JMP Securities reduced their price target on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a research report on Tuesday, July 23rd. Finally, TD Cowen reissued a “hold” rating and set a $71.00 price objective (down previously from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Charles Schwab has an average rating of “Hold” and a consensus target price of $73.75.

Charles Schwab Stock Down 0.7 %

Shares of SCHW stock opened at $64.95 on Tuesday. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The firm has a market cap of $115.43 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 1.19 and a beta of 0.97. The stock has a 50 day moving average of $64.08 and a 200-day moving average of $69.93.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. On average, equities analysts predict that The Charles Schwab Co. will post 3.05 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 780 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $75.00, for a total value of $58,500.00. Following the completion of the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,355,175. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Charles Schwab news, CEO Walter W. Bettinger acquired 25,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was bought at an average price of $66.26 per share, for a total transaction of $1,656,500.00. Following the purchase, the chief executive officer now owns 827,377 shares in the company, valued at approximately $54,822,000.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan S. Beatty sold 780 shares of Charles Schwab stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $75.00, for a total transaction of $58,500.00. Following the sale, the insider now owns 18,069 shares in the company, valued at $1,355,175. The disclosure for this sale can be found here. Insiders have sold 99,636 shares of company stock worth $6,457,104 over the last three months. Company insiders own 6.60% of the company’s stock.

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.