Teachers Retirement System of The State of Kentucky Trims Stake in The Charles Schwab Co. (NYSE:SCHW)

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,886 shares of the financial services provider’s stock after selling 14,257 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Charles Schwab were worth $17,973,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its holdings in Charles Schwab by 33.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock valued at $4,771,985,000 after acquiring an additional 17,369,091 shares during the period. Morningstar Investment Services LLC lifted its position in shares of Charles Schwab by 98.0% during the fourth quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock worth $326,284,000 after purchasing an additional 2,322,156 shares during the last quarter. Darsana Capital Partners LP lifted its position in shares of Charles Schwab by 200.0% during the second quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock worth $221,070,000 after purchasing an additional 2,000,000 shares during the last quarter. Mondrian Investment Partners LTD grew its holdings in shares of Charles Schwab by 28,736.1% in the first quarter. Mondrian Investment Partners LTD now owns 1,485,637 shares of the financial services provider’s stock worth $107,471,000 after purchasing an additional 1,480,485 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Charles Schwab in the 1st quarter worth about $105,563,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Down 1.4 %

NYSE:SCHW opened at $63.91 on Wednesday. The stock has a market capitalization of $113.66 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 1.32 and a beta of 0.97. The Charles Schwab Co. has a 52 week low of $48.66 and a 52 week 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 50 day moving average of $64.08 and a 200 day moving average of $69.82.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data 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. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Charles Schwab Co. will post 3.05 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.56%. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Insider Activity at Charles Schwab

In other news, CEO Walter W. Bettinger acquired 25,000 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were acquired at an average cost of $66.26 per share, with a total value of $1,656,500.00. Following the completion of the acquisition, the chief executive officer now owns 827,377 shares of the company’s stock, valued at $54,822,000.02. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Jonathan S. Beatty sold 780 shares of the 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 directly owns 18,069 shares of the company’s stock, valued at approximately $1,355,175. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Walter W. Bettinger bought 25,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were acquired at an average price of $66.26 per share, for a total transaction of $1,656,500.00. Following the completion of the transaction, the chief executive officer now directly owns 827,377 shares in the company, valued at $54,822,000.02. The disclosure for this purchase can be found here. Insiders sold 99,636 shares of company stock valued at $6,457,104 in the last three months. 6.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on SCHW. Barclays dropped their target price on shares of Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft raised their price objective on Charles Schwab from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Jefferies Financial Group upped their target price on Charles Schwab from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Wells Fargo & Company began coverage on Charles Schwab in a research note on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price target on the stock. Finally, The Goldman Sachs Group lowered their price objective on shares of Charles Schwab from $71.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, September 26th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Charles Schwab has an average rating of “Hold” and an average price target of $73.31.

Charles Schwab Company 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.