Swedbank AB Grows Position in The Charles Schwab Corporation $SCHW

Swedbank AB lifted its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 0.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 761,816 shares of the financial services provider’s stock after buying an additional 6,796 shares during the quarter. Swedbank AB’s holdings in Charles Schwab were worth $72,731,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SCHW. Princeton Global Asset Management LLC acquired a new stake in shares of Charles Schwab during the 2nd quarter worth $25,000. RMG Wealth Management LLC acquired a new position in shares of Charles Schwab in the second quarter worth about $27,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of Charles Schwab by 97.9% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider’s stock valued at $30,000 after buying an additional 191 shares during the last quarter. Activest Wealth Management grew its stake in Charles Schwab by 6,650.0% in the first quarter. Activest Wealth Management now owns 405 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 399 shares in the last quarter. Finally, Hoese & Co LLP increased its holdings in shares of Charles Schwab by 131.6% in the 2nd quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 200 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Stock Up 0.5%

NYSE SCHW opened at $101.73 on Thursday. The stock’s 50 day simple moving average is $94.64 and its 200 day simple moving average is $94.03. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $102.11. The firm has a market cap of $180.77 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 0.82 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last released its earnings results on Thursday, October 16th. The financial services provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.06. Charles Schwab had a return on equity of 21.02% and a net margin of 35.93%.The company had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $5.93 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. As a group, sell-side analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, November 14th. Charles Schwab’s dividend payout ratio (DPR) is currently 25.29%.

Insiders Place Their Bets

In other news, insider Paul V. Woolway sold 3,205 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $93.33, for a total transaction of $299,122.65. Following the completion of the transaction, the insider directly owned 34,778 shares in the company, valued at $3,245,830.74. This represents a 8.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 3,072 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total transaction of $301,056.00. Following the transaction, the insider owned 11,923 shares in the company, valued at approximately $1,168,454. The trade was a 20.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SCHW. Cowen reissued a “buy” rating on shares of Charles Schwab in a research note on Friday, October 17th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $114.00 target price on shares of Charles Schwab in a report on Friday, October 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Charles Schwab in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on Charles Schwab from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, JMP Securities reiterated a “market outperform” rating and set a $110.00 price target on shares of Charles Schwab in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.84.

About Charles Schwab

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.