Axa S.A. Has $30.04 Million Stake in The Charles Schwab Corporation $SCHW

Axa S.A. increased its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 42.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 329,222 shares of the financial services provider’s stock after purchasing an additional 98,629 shares during the quarter. Axa S.A.’s holdings in Charles Schwab were worth $30,038,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SCHW. Princeton Global Asset Management LLC acquired a new position in shares of Charles Schwab in the 2nd quarter valued at $25,000. RMG Wealth Management LLC bought a new stake in Charles Schwab in the second quarter valued at about $27,000. CBIZ Investment Advisory Services LLC lifted its stake in Charles Schwab by 97.9% in the first quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider’s stock valued at $30,000 after buying an additional 191 shares during the period. Stone House Investment Management LLC bought a new position in Charles Schwab during the first quarter worth about $31,000. Finally, Activest Wealth Management grew its position in shares of Charles Schwab by 6,650.0% during the 1st quarter. Activest Wealth Management now owns 405 shares of the financial services provider’s stock worth $32,000 after buying an additional 399 shares during the period. 84.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

SCHW has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Charles Schwab in a research report on Wednesday, October 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 target price on shares of Charles Schwab in a research note on Friday, October 17th. Zacks Research cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. The Goldman Sachs Group restated a “buy” rating and issued a $114.00 price objective on shares of Charles Schwab in a research report on Friday, October 17th. Finally, Bank of America raised their price objective on Charles Schwab from $84.00 to $86.00 and gave the stock an “underperform” rating in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $107.11.

Charles Schwab Trading Down 0.1%

NYSE:SCHW opened at $94.17 on Wednesday. The Charles Schwab Corporation has a twelve month low of $65.88 and a twelve month high of $99.59. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average price of $93.65 and a two-hundred day moving average price of $93.30. The company has a market cap of $167.34 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 0.84 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.06. The company had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $5.93 billion. Charles Schwab had a net margin of 35.93% and a return on equity of 21.02%. The firm’s revenue was up 26.6% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. As a group, analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, November 14th. Charles Schwab’s payout ratio is presently 25.29%.

Insider Activity

In related news, insider Jonathan S. Beatty sold 3,072 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total transaction of $301,056.00. Following the sale, the insider owned 11,923 shares in the company, valued at approximately $1,168,454. This represents a 20.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul V. Woolway sold 3,205 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $93.33, for a total value of $299,122.65. Following the completion of the transaction, the insider owned 34,778 shares of the company’s stock, valued at approximately $3,245,830.74. This represents a 8.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 6.30% of the company’s stock.

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.