W.G. Shaheen & Associates DBA Whitney & Co Buys 1,265 Shares of The Charles Schwab Co. (NYSE:SCHW)

W.G. Shaheen & Associates DBA Whitney & Co grew its holdings in The Charles Schwab Co. (NYSE:SCHW) by 0.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 281,331 shares of the financial services provider’s stock after buying an additional 1,265 shares during the period. Charles Schwab makes up 2.0% of W.G. Shaheen & Associates DBA Whitney & Co’s portfolio, making the stock its 14th largest holding. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Charles Schwab were worth $18,233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHW. O Shaughnessy Asset Management LLC grew its stake in shares of Charles Schwab by 26.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 83,207 shares of the financial services provider’s stock worth $6,019,000 after buying an additional 17,433 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Charles Schwab by 7.2% during the 1st quarter. Bessemer Group Inc. now owns 365,888 shares of the financial services provider’s stock worth $26,468,000 after purchasing an additional 24,431 shares during the period. Lake Street Advisors Group LLC boosted its stake in shares of Charles Schwab by 28.7% during the 1st quarter. Lake Street Advisors Group LLC now owns 13,187 shares of the financial services provider’s stock worth $954,000 after purchasing an additional 2,942 shares during the period. Pitcairn Co. boosted its stake in shares of Charles Schwab by 10.1% during the 1st quarter. Pitcairn Co. now owns 11,072 shares of the financial services provider’s stock worth $801,000 after purchasing an additional 1,015 shares during the period. Finally, Natixis purchased a new position in shares of Charles Schwab during the 1st quarter worth about $523,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Trading Up 0.9 %

NYSE:SCHW opened at $81.40 on Tuesday. The Charles Schwab Co. has a one year low of $55.42 and a one year high of $82.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market cap of $144.86 billion, a P/E ratio of 31.80, a P/E/G ratio of 1.76 and a beta of 0.96. The firm has a 50-day simple moving average of $69.10 and a 200-day simple moving average of $69.64.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the business posted $0.77 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts anticipate that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Insider Buying and Selling

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now owns 554,929 shares in the company, valued at approximately $35,543,202.45. This represents a 1.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at $1,391,674.38. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,645 shares of company stock worth $7,440,627 in the last 90 days. 6.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on SCHW. JMP Securities lifted their price target on shares of Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group lifted their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Jefferies Financial Group dropped their price target on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Barclays lifted their price target on shares of Charles Schwab from $64.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $74.18.

About Charles Schwab

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.