Confluence Investment Management LLC Increases Position in The Charles Schwab Co. (NYSE:SCHW)

Confluence Investment Management LLC boosted its holdings in The Charles Schwab Co. (NYSE:SCHWGet Rating) by 1.8% during the second quarter, Holdings Channel.com reports. The firm owned 267,335 shares of the financial services provider’s stock after acquiring an additional 4,777 shares during the quarter. Confluence Investment Management LLC’s holdings in Charles Schwab were worth $16,890,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCHW. SBK Financial Inc. purchased a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $25,000. Princeton Global Asset Management LLC grew its holdings in shares of Charles Schwab by 104.5% during the first quarter. Princeton Global Asset Management LLC now owns 321 shares of the financial services provider’s stock valued at $27,000 after buying an additional 164 shares during the last quarter. Roble Belko & Company Inc purchased a new stake in shares of Charles Schwab during the first quarter valued at approximately $30,000. Worth Asset Management LLC purchased a new stake in shares of Charles Schwab during the first quarter valued at approximately $32,000. Finally, Joseph P. Lucia & Associates LLC purchased a new stake in shares of Charles Schwab during the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity

In related news, insider Jonathan M. Craig sold 8,032 shares of the firm’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $75.00, for a total transaction of $602,400.00. Following the completion of the transaction, the insider now directly owns 4,019 shares of the company’s stock, valued at $301,425. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Jonathan M. Craig sold 8,032 shares of the firm’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $75.00, for a total transaction of $602,400.00. Following the completion of the transaction, the insider now directly owns 4,019 shares of the company’s stock, valued at $301,425. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 120,000 shares of the firm’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $62.70, for a total transaction of $7,524,000.00. Following the transaction, the chairman now directly owns 71,083,305 shares of the company’s stock, valued at $4,456,923,223.50. The disclosure for this sale can be found here. Insiders have sold 277,632 shares of company stock worth $17,904,256 in the last three months. Company insiders own 7.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Redburn Partners assumed coverage on shares of Charles Schwab in a research report on Thursday, June 23rd. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Charles Schwab from $90.00 to $95.00 in a research report on Friday, August 19th. UBS Group increased their price objective on shares of Charles Schwab from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley lowered their price objective on shares of Charles Schwab from $98.00 to $93.00 and set an “overweight” rating on the stock in a research report on Monday, August 1st. Finally, Barclays assumed coverage on shares of Charles Schwab in a research report on Wednesday, August 31st. They set an “equal weight” rating and a $81.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.15.

Charles Schwab Stock Down 1.0 %

Shares of SCHW stock opened at $71.87 on Monday. The company has a market capitalization of $130.64 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 0.90 and a beta of 1.07. The Charles Schwab Co. has a one year low of $59.35 and a one year high of $96.24. The company’s fifty day moving average price is $69.42 and its 200-day moving average price is $71.53. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41.

Charles Schwab (NYSE:SCHWGet Rating) last announced its quarterly earnings data on Monday, July 18th. The financial services provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.91 by $0.06. The firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.04 billion. Charles Schwab had a net margin of 33.09% and a return on equity of 16.82%. The company’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the firm earned $0.70 EPS. Sell-side analysts expect that The Charles Schwab Co. will post 3.9 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.22%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, August 11th. Charles Schwab’s dividend payout ratio (DPR) is presently 28.95%.

Charles Schwab Profile

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The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, 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 and mutual fund clearing services, as well as compliance solutions.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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