Keybank National Association OH Has $1.33 Million Stake in Charles Schwab Co. Common Stock (SCHW)

Keybank National Association OH raised its holdings in shares of Charles Schwab Co. Common Stock (NYSE:SCHW) by 11.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 26,074 shares of the financial services provider’s stock after buying an additional 2,733 shares during the quarter. Keybank National Association OH’s holdings in Charles Schwab Co. Common Stock were worth $1,332,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCHW. BlackRock Inc. boosted its position in shares of Charles Schwab Co. Common Stock by 7.2% in the 1st quarter. BlackRock Inc. now owns 85,589,939 shares of the financial services provider’s stock valued at $4,469,506,000 after purchasing an additional 5,731,627 shares during the period. Boston Partners boosted its position in shares of Charles Schwab Co. Common Stock by 179.0% in the 1st quarter. Boston Partners now owns 1,669,728 shares of the financial services provider’s stock valued at $87,194,000 after purchasing an additional 1,071,184 shares during the period. Manning & Napier Group LLC boosted its position in shares of Charles Schwab Co. Common Stock by 44.7% in the 2nd quarter. Manning & Napier Group LLC now owns 3,101,140 shares of the financial services provider’s stock valued at $158,468,000 after purchasing an additional 957,925 shares during the period. Columbus Circle Investors acquired a new stake in shares of Charles Schwab Co. Common Stock in the 1st quarter valued at about $46,533,000. Finally, Wells Fargo & Company MN boosted its position in shares of Charles Schwab Co. Common Stock by 15.7% in the 2nd quarter. Wells Fargo & Company MN now owns 6,172,018 shares of the financial services provider’s stock valued at $315,390,000 after purchasing an additional 838,506 shares during the period. 80.28% of the stock is owned by hedge funds and other institutional investors.

SCHW has been the subject of a number of research analyst reports. Morgan Stanley upped their target price on Charles Schwab Co. Common Stock from $63.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, July 25th. JPMorgan Chase & Co. set a $59.00 price objective on Charles Schwab Co. Common Stock and gave the company a “buy” rating in a research note on Monday, July 16th. Zacks Investment Research downgraded Charles Schwab Co. Common Stock from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Jefferies Financial Group reaffirmed a “buy” rating and set a $66.00 price objective on shares of Charles Schwab Co. Common Stock in a research note on Monday, July 16th. Finally, Wells Fargo & Co upped their price objective on Charles Schwab Co. Common Stock from $54.00 to $56.00 and gave the company a “$54.22” rating in a research note on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Charles Schwab Co. Common Stock presently has a consensus rating of “Hold” and a consensus target price of $57.80.

In other news, Director Mark A. Goldfarb sold 2,174 shares of the stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $56.67, for a total transaction of $123,200.58. Following the completion of the transaction, the director now directly owns 5,045 shares of the company’s stock, valued at approximately $285,900.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Christopher V. Dodds sold 15,718 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $51.14, for a total value of $803,818.52. Following the transaction, the director now directly owns 7,592 shares of the company’s stock, valued at $388,254.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 221,021 shares of company stock valued at $11,683,197. Company insiders own 11.50% of the company’s stock.

SCHW opened at $50.55 on Monday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.33. The company has a market cap of $68.30 billion, a price-to-earnings ratio of 30.82, a P/E/G ratio of 1.27 and a beta of 1.56. Charles Schwab Co. Common Stock has a 52 week low of $38.06 and a 52 week high of $60.22.

Charles Schwab Co. Common Stock (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, July 17th. The financial services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.46 billion. Charles Schwab Co. Common Stock had a return on equity of 17.96% and a net margin of 30.83%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 EPS. equities research analysts expect that Charles Schwab Co. Common Stock will post 2.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 24th. Stockholders of record on Friday, August 10th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.03%. This is an increase from Charles Schwab Co. Common Stock’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, August 9th. Charles Schwab Co. Common Stock’s dividend payout ratio is 31.71%.

Charles Schwab Co. Common Stock Company Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

Further Reading: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charles Schwab Co. Common Stock (NYSE:SCHW).

Institutional Ownership by Quarter for Charles Schwab Co. Common Stock (NYSE:SCHW)

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