Charles Schwab Co. Common Stock (SCHW) Holdings Trimmed by HPM Partners LLC

HPM Partners LLC reduced its stake in shares of Charles Schwab Co. Common Stock (NYSE:SCHW) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,089 shares of the financial services provider’s stock after selling 1,744 shares during the period. HPM Partners LLC’s holdings in Charles Schwab Co. Common Stock were worth $1,333,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Hills Bank & Trust Co. boosted its holdings in shares of Charles Schwab Co. Common Stock by 4.8% in the 2nd quarter. Hills Bank & Trust Co. now owns 34,120 shares of the financial services provider’s stock valued at $1,743,000 after buying an additional 1,556 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of Charles Schwab Co. Common Stock by 31.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 246,916 shares of the financial services provider’s stock valued at $12,618,000 after buying an additional 58,386 shares during the period. Keybank National Association OH boosted its holdings in shares of Charles Schwab Co. Common Stock by 11.7% in the 2nd quarter. Keybank National Association OH now owns 26,074 shares of the financial services provider’s stock valued at $1,332,000 after buying an additional 2,733 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of Charles Schwab Co. Common Stock by 3.7% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 212,767 shares of the financial services provider’s stock valued at $10,872,000 after buying an additional 7,685 shares during the period. Finally, Sfmg LLC acquired a new position in shares of Charles Schwab Co. Common Stock in the 2nd quarter valued at about $210,000. 80.30% of the stock is owned by institutional investors.

In other Charles Schwab Co. Common Stock news, Director Christopher V. Dodds sold 15,718 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $51.14, for a total transaction of $803,818.52. Following the sale, the director now directly owns 7,592 shares in the company, valued at approximately $388,254.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 190,500 shares of the business’s stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $52.75, for a total transaction of $10,048,875.00. The disclosure for this sale can be found here. 11.50% of the stock is currently owned by insiders.

Several brokerages recently weighed in on SCHW. Morgan Stanley lifted their price objective on shares of 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. Citigroup cut their price objective on shares of Charles Schwab Co. Common Stock from $49.00 to $48.00 and set a “sell” rating on the stock in a research report on Monday, July 23rd. Wells Fargo & Co lifted their price objective on shares of Charles Schwab Co. Common Stock from $54.00 to $56.00 and gave the company a “$54.22” rating in a research report on Wednesday, July 18th. Jefferies Financial Group reiterated a “buy” rating and issued a $66.00 price objective on shares of Charles Schwab Co. Common Stock in a research report on Monday, July 16th. Finally, JPMorgan Chase & Co. set a $59.00 price objective on shares of Charles Schwab Co. Common Stock and gave the company a “buy” rating in a research report on Monday, July 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $58.57.

Shares of NYSE:SCHW opened at $51.16 on Friday. The stock has a market capitalization of $68.51 billion, a P/E ratio of 25.23, a PEG ratio of 1.27 and a beta of 1.53. Charles Schwab Co. Common Stock has a fifty-two week low of $38.20 and a fifty-two week high of $60.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.27 and a current ratio of 0.27.

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

The business also recently declared a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Friday, August 10th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.02%. This is an increase from Charles Schwab Co. Common Stock’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, August 9th. Charles Schwab Co. Common Stock’s 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.

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

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