Bridgewater Associates LP Buys Shares of 27,064 The Charles Schwab Co. (NYSE:SCHW)

Bridgewater Associates LP bought a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 27,064 shares of the financial services provider’s stock, valued at approximately $1,754,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SCHW. Washington Trust Advisors Inc. lifted its stake in shares of Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab in the 3rd quarter worth approximately $25,000. Country Trust Bank acquired a new stake in shares of Charles Schwab in the 2nd quarter worth approximately $26,000. American Capital Advisory LLC acquired a new stake in shares of Charles Schwab in the 2nd quarter worth approximately $27,000. Finally, Fortitude Family Office LLC lifted its stake in shares of 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 acquiring an additional 192 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Stock Up 0.2 %

Charles Schwab stock opened at $82.76 on Monday. The firm has a market cap of $147.28 billion, a PE ratio of 32.33, a P/E/G ratio of 1.79 and a beta of 0.96. 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’s 50 day moving average price is $72.37 and its two-hundred day moving average price is $69.97. The Charles Schwab Co. has a twelve month low of $59.61 and a twelve month high of $83.35.

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

Charles Schwab Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently commented on SCHW. Barclays boosted 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. Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Cowen boosted their target price on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Piper Sandler boosted their target price on shares of Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, JMP Securities boosted their target price on shares of Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $75.56.

Insiders Place Their Bets

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the completion of the sale, 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 at this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 127,968 shares of company stock valued at $9,419,271 over the last ninety days. Corporate 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.