The Charles Schwab Corporation (NYSE:SCHW) Position Increased by Stack Financial Management Inc

Stack Financial Management Inc raised its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 1.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 440,686 shares of the financial services provider’s stock after purchasing an additional 6,201 shares during the period. The Charles Schwab Corporation accounts for 2.1% of Stack Financial Management Inc’s portfolio, making the stock its 18th largest position. Stack Financial Management Inc’s holdings in The Charles Schwab Corporation were worth $19,276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of The Charles Schwab Corporation by 1,921.5% during the first quarter. BlackRock Inc. now owns 71,876,119 shares of the financial services provider’s stock valued at $2,933,263,000 after buying an additional 68,320,480 shares during the last quarter. Capital Research Global Investors boosted its holdings in The Charles Schwab Corporation by 86.3% in the second quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock worth $1,041,230,000 after purchasing an additional 11,224,199 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in The Charles Schwab Corporation by 1,766.9% in the second quarter. Janus Henderson Group PLC now owns 9,357,736 shares of the financial services provider’s stock worth $402,011,000 after purchasing an additional 8,856,483 shares during the last quarter. FMR LLC boosted its holdings in The Charles Schwab Corporation by 18.2% in the first quarter. FMR LLC now owns 27,637,472 shares of the financial services provider’s stock worth $1,127,886,000 after purchasing an additional 4,259,181 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in The Charles Schwab Corporation by 4.0% in the first quarter. Vanguard Group Inc. now owns 79,388,639 shares of the financial services provider’s stock worth $3,239,850,000 after purchasing an additional 3,063,203 shares during the last quarter. 79.41% of the stock is owned by institutional investors and hedge funds.

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Several brokerages recently issued reports on SCHW. BidaskClub upgraded shares of The Charles Schwab Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 10th. Barclays PLC raised their target price on shares of The Charles Schwab Corporation from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. Deutsche Bank AG increased their price target on shares of The Charles Schwab Corporation from $46.00 to $47.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Morgan Stanley increased their price target on shares of The Charles Schwab Corporation from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. Finally, Nomura downgraded shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 24th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $47.07.

In related news, EVP Terri R. Kallsen sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $38.99, for a total transaction of $38,990.00. Following the completion of the transaction, the executive vice president now owns 5,212 shares in the company, valued at approximately $203,215.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Walter W. Bettinger acquired 72,510 shares of The Charles Schwab Corporation stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average price of $27.21 per share, with a total value of $1,972,997.10. Following the purchase, the insider now owns 41,330 shares in the company, valued at $1,124,589.30. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 573,095 shares of company stock valued at $25,552,240. Company insiders own 12.00% of the company’s stock.

The Charles Schwab Corporation (NYSE:SCHW) traded up $0.33 during mid-day trading on Tuesday, hitting $44.60. 4,225,800 shares of the company were exchanged, compared to its average volume of 7,102,346. The stock has a market cap of $59,347.30, a PE ratio of 28.38, a PEG ratio of 1.88 and a beta of 1.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31. The Charles Schwab Corporation has a 52-week low of $36.04 and a 52-week high of $46.21.

The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.18 billion. The Charles Schwab Corporation had a net margin of 27.30% and a return on equity of 15.77%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. equities research analysts predict that The Charles Schwab Corporation will post 1.62 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.32 annualized dividend and a dividend yield of 0.72%. The Charles Schwab Corporation’s dividend payout ratio is currently 20.51%.

The Charles Schwab Corporation Company Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

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

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