Ninety One UK Ltd Sells 149,015 Shares of The Charles Schwab Corporation $SCHW

by · The Cerbat Gem

Ninety One UK Ltd lessened its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW – Free Report) by 16.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 768,604 shares of the financial services provider’s stock after selling 149,015 shares during the quarter. Ninety One UK Ltd’s holdings in Charles Schwab were worth $73,379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock worth $1,794,000 after purchasing an additional 19,195 shares during the period. Focus Partners Advisor Solutions LLC raised its stake in Charles Schwab by 106.4% in the first quarter. Focus Partners Advisor Solutions LLC now owns 9,774 shares of the financial services provider’s stock worth $765,000 after buying an additional 5,039 shares in the last quarter. Paragon Private Wealth Management LLC lifted its holdings in Charles Schwab by 48.7% in the first quarter. Paragon Private Wealth Management LLC now owns 5,029 shares of the financial services provider’s stock worth $394,000 after buying an additional 1,647 shares during the period. Aprio Wealth Management LLC bought a new stake in Charles Schwab during the 1st quarter valued at approximately $229,000. Finally, Amundi grew its holdings in shares of Charles Schwab by 29.6% during the 1st quarter. Amundi now owns 6,030,362 shares of the financial services provider’s stock worth $451,495,000 after acquiring an additional 1,378,805 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jonathan S. Beatty sold 3,072 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total value of $301,056.00. Following the transaction, the insider directly owned 11,923 shares of the company’s stock, valued at approximately $1,168,454. This represents a 20.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.30% of the stock is currently owned by insiders.

Charles Schwab Price Performance

SCHW opened at $100.02 on Thursday. The firm has a market cap of $177.73 billion, a PE ratio of 23.42, a P/E/G ratio of 0.82 and a beta of 0.96. The stock has a 50-day moving average price of $95.31 and a 200-day moving average price of $94.49. The Charles Schwab Corporation has a 1 year low of $65.88 and a 1 year high of $102.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58.

Charles Schwab (NYSE:SCHW – Get Free Report) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.25 by $0.06. The company had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $5.93 billion. Charles Schwab had a net margin of 35.93% and a return on equity of 21.02%. Charles Schwab’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 EPS. Sell-side analysts predict 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 declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. Charles Schwab’s dividend payout ratio (DPR) is 25.29%.

Analyst Ratings Changes

A number of research analysts have recently commented on SCHW shares. Weiss Ratings restated a “hold (c+)” rating on shares of Charles Schwab in a research note on Wednesday, October 8th. Bank of America increased their price objective on Charles Schwab from $88.00 to $91.00 and gave the stock an “underperform” rating in a report on Wednesday, December 10th. Morgan Stanley raised their price objective on Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. BMO Capital Markets started coverage on shares of Charles Schwab in a research report on Friday, October 3rd. They issued an “outperform” rating and a $110.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of Charles Schwab from $119.00 to $121.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Charles Schwab has an average rating of “Moderate Buy” and an average price target of $108.84.

Check Out Our Latest Analysis on SCHW

Charles Schwab Company Profile

(Free Report)

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.

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