Baxter Bros Inc. Boosts Holdings in The Charles Schwab Co. (NYSE:SCHW)

Baxter Bros Inc. grew its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,714 shares of the financial services provider’s stock after purchasing an additional 1,449 shares during the period. Baxter Bros Inc.’s holdings in Charles Schwab were worth $2,963,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pure Financial Advisors LLC raised its stake in shares of Charles Schwab by 12.8% during the 3rd quarter. Pure Financial Advisors LLC now owns 5,480 shares of the financial services provider’s stock worth $355,000 after buying an additional 622 shares during the last quarter. Private Wealth Partners LLC raised its stake in Charles Schwab by 41.0% in the 3rd quarter. Private Wealth Partners LLC now owns 42,945 shares of the financial services provider’s stock valued at $2,783,000 after purchasing an additional 12,491 shares during the last quarter. Conning Inc. grew its holdings in Charles Schwab by 16.3% in the 3rd quarter. Conning Inc. now owns 78,628 shares of the financial services provider’s stock valued at $5,096,000 after buying an additional 11,035 shares during the period. First Interstate Bank grew its holdings in shares of Charles Schwab by 2.5% during the 3rd quarter. First Interstate Bank now owns 62,051 shares of the financial services provider’s stock worth $4,022,000 after purchasing an additional 1,490 shares during the period. Finally, Greenwich Wealth Management LLC purchased a new stake in shares of Charles Schwab during the 3rd quarter worth about $5,582,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $70.94 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The Charles Schwab Co. has a 52 week low of $53.49 and a 52 week high of $79.49. The firm’s 50 day moving average is $66.39 and its two-hundred day moving average is $69.50. The firm has a market capitalization of $126.16 billion, a P/E ratio of 27.71, a PEG ratio of 1.62 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (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 17.52%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period last year, the firm posted $0.77 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. Analysts anticipate that The Charles Schwab Co. will post 3.11 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.41%. Charles Schwab’s dividend payout ratio is currently 39.06%.

Insiders Place Their Bets

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of Charles Schwab stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $72.16, for a total value of $2,150,368.00. Following the transaction, the director now owns 551,329 shares in the company, valued at approximately $39,783,900.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of Charles Schwab stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the transaction, the director now owns 551,329 shares in the company, valued at approximately $39,783,900.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 62,345 shares of Charles Schwab stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total value of $4,521,259.40. Following the transaction, the chairman now owns 60,619,371 shares in the company, valued at $4,396,116,784.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,465 shares of company stock worth $8,050,109. 6.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SCHW shares. JPMorgan Chase & Co. upped their target price on Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. JMP Securities upped their target price on Charles Schwab from $82.00 to $84.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group upped their target price on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Raymond James cut their target price on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Finally, Morgan Stanley upped their price target on Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.94.

Charles Schwab Company Profile

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.