Gs Investments Inc. Purchases 1,090 Shares of Charles Schwab Co. (SCHW)

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Gs Investments Inc. boosted its position in Charles Schwab Co. (NYSE:SCHW) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,805 shares of the financial services provider’s stock after acquiring an additional 1,090 shares during the period. Charles Schwab accounts for 1.7% of Gs Investments Inc.’s portfolio, making the stock its 24th largest position. Gs Investments Inc.’s holdings in Charles Schwab were worth $2,497,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SCHW. FMR LLC boosted its holdings in Charles Schwab by 13.7% during the second quarter. FMR LLC now owns 65,193,384 shares of the financial services provider’s stock worth $3,331,382,000 after buying an additional 7,868,551 shares during the last quarter. Nomura Holdings Inc. boosted its holdings in Charles Schwab by 365.3% during the second quarter. Nomura Holdings Inc. now owns 1,674,691 shares of the financial services provider’s stock worth $85,576,000 after buying an additional 1,314,740 shares during the last quarter. Manning & Napier Group LLC boosted its holdings in Charles Schwab by 44.7% during the second quarter. Manning & Napier Group LLC now owns 3,101,140 shares of the financial services provider’s stock worth $158,468,000 after buying an additional 957,925 shares during the last quarter. Calamos Advisors LLC boosted its holdings in Charles Schwab by 693.1% during the third quarter. Calamos Advisors LLC now owns 984,940 shares of the financial services provider’s stock worth $48,410,000 after buying an additional 860,758 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Charles Schwab by 15.7% during the second quarter. Wells Fargo & Company MN now owns 6,172,018 shares of the financial services provider’s stock worth $315,390,000 after buying an additional 838,506 shares during the last quarter. Hedge funds and other institutional investors own 80.44% of the company’s stock.

In related news, insider Marie A. Chandoha sold 8,424 shares of Charles Schwab stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $48.01, for a total value of $404,436.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jonathan M. Craig sold 2,629 shares of Charles Schwab stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $48.84, for a total value of $128,400.36. The disclosure for this sale can be found here. Insiders have sold a total of 39,171 shares of company stock worth $1,921,687 in the last quarter. 11.50% of the stock is currently owned by company insiders.

A number of equities analysts have issued reports on the company. Barclays reduced their target price on Charles Schwab from $65.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, October 22nd. Jefferies Financial Group restated a “buy” rating and set a $66.00 target price on shares of Charles Schwab in a report on Monday, July 16th. Zacks Investment Research upgraded Charles Schwab from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Wednesday, October 3rd. Morgan Stanley raised their target price on Charles Schwab from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, October 9th. Finally, Wolfe Research assumed coverage on Charles Schwab in a report on Tuesday, September 25th. They set an “underperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. Charles Schwab currently has a consensus rating of “Hold” and an average target price of $57.73.

NYSE:SCHW opened at $47.64 on Friday. Charles Schwab Co. has a fifty-two week low of $42.01 and a fifty-two week high of $60.22. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.33. The stock has a market cap of $65.63 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 1.21 and a beta of 1.48.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Monday, October 15th. The financial services provider reported $0.65 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.65. Charles Schwab had a return on equity of 19.46% and a net margin of 32.65%. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the previous year, the business posted $0.42 EPS. Charles Schwab’s revenue for the quarter was up 19.1% on a year-over-year basis. As a group, equities analysts expect that Charles Schwab Co. will post 2.45 EPS for the current fiscal year.

Charles Schwab announced that its Board of Directors has initiated a share buyback plan on Thursday, October 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 1.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Friday, November 9th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 31.71%.

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About Charles Schwab

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 (NYSE:SCHW)

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