BBVA USA Bancshares Inc. Purchases 59,812 Shares of Charles Schwab Co. (NYSE:SCHW)

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BBVA USA Bancshares Inc. grew its stake in shares of Charles Schwab Co. (NYSE:SCHW) by 283.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,885 shares of the financial services provider’s stock after buying an additional 59,812 shares during the period. BBVA USA Bancshares Inc.’s holdings in Charles Schwab were worth $3,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. River & Mercantile Asset Management LLP grew its holdings in shares of Charles Schwab by 92.6% in the third quarter. River & Mercantile Asset Management LLP now owns 74,150 shares of the financial services provider’s stock valued at $3,102,000 after purchasing an additional 35,654 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Charles Schwab by 25.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,204,732 shares of the financial services provider’s stock valued at $217,714,000 after purchasing an additional 1,039,787 shares in the last quarter. Academy Capital Management Inc. TX grew its holdings in shares of Charles Schwab by 161.1% in the third quarter. Academy Capital Management Inc. TX now owns 447,183 shares of the financial services provider’s stock valued at $18,204,000 after purchasing an additional 275,901 shares in the last quarter. Little House Capital LLC purchased a new position in shares of Charles Schwab in the third quarter valued at $1,289,000. Finally, Vestmark Advisory Solutions Inc. grew its holdings in shares of Charles Schwab by 25.3% in the third quarter. Vestmark Advisory Solutions Inc. now owns 21,520 shares of the financial services provider’s stock valued at $900,000 after purchasing an additional 4,349 shares in the last quarter. Hedge funds and other institutional investors own 79.10% of the company’s stock.

In other news, EVP Jonathan M. Craig sold 3,740 shares of Charles Schwab stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $38.97, for a total transaction of $145,747.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen T. Mclin sold 5,093 shares of Charles Schwab stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $37.56, for a total value of $191,293.08. Following the sale, the director now owns 7,297 shares of the company’s stock, valued at $274,075.32. The disclosure for this sale can be found here. Insiders have sold 219,677 shares of company stock valued at $8,993,241 over the last ninety days. 10.90% of the stock is owned by insiders.

A number of research analysts recently weighed in on the stock. Sandler O’Neill set a $45.00 target price on shares of Charles Schwab and gave the company a “buy” rating in a report on Tuesday, October 15th. ValuEngine raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Citigroup raised their target price on shares of Charles Schwab from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Deutsche Bank raised their target price on shares of Charles Schwab from $35.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Finally, UBS Group raised their target price on shares of Charles Schwab from $33.00 to $35.00 and gave the company a “sell” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. Charles Schwab has a consensus rating of “Hold” and an average price target of $44.38.

NYSE SCHW opened at $43.23 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average of $40.06 and a two-hundred day moving average of $41.14. The firm has a market capitalization of $56.76 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 2.73 and a beta of 1.32. Charles Schwab Co. has a 52 week low of $34.58 and a 52 week high of $48.23.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.65 by $0.05. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.65 billion. Charles Schwab had a net margin of 35.12% and a return on equity of 20.85%. Charles Schwab’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. Equities research analysts anticipate that Charles Schwab Co. will post 2.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, November 7th. Charles Schwab’s payout ratio is 27.76%.

Charles Schwab 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 (NYSE:SCHW)

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