Czech National Bank Grows Stock Position in The Charles Schwab Corporation $SCHW

Czech National Bank grew its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 433,366 shares of the financial services provider’s stock after buying an additional 15,882 shares during the period. Czech National Bank’s holdings in Charles Schwab were worth $41,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Princeton Global Asset Management LLC purchased a new stake in Charles Schwab during the second quarter valued at about $25,000. RMG Wealth Management LLC bought a new stake in shares of Charles Schwab in the second quarter valued at approximately $27,000. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Charles Schwab during the 2nd quarter valued at approximately $32,000. Hoese & Co LLP boosted its holdings in Charles Schwab by 131.6% in the 2nd quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock worth $32,000 after buying an additional 200 shares during the period. Finally, Evelyn Partners Asset Management Ltd bought a new position in Charles Schwab in the 2nd quarter worth approximately $33,000. Institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the topic of a number of analyst reports. Morgan Stanley boosted their target price on shares of Charles Schwab from $130.00 to $139.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on Charles Schwab from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Zacks Research downgraded Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Charles Schwab in a research report on Wednesday, October 8th. Finally, Cowen restated a “buy” rating on shares of Charles Schwab in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $108.37.

Charles Schwab Stock Up 0.6%

SCHW stock opened at $96.55 on Thursday. The company’s 50 day moving average is $93.98 and its 200 day moving average is $93.61. The stock has a market cap of $171.56 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 0.80 and a beta of 0.96. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47. The Charles Schwab Corporation has a 1-year low of $65.88 and a 1-year high of $99.59.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.06. The business had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $5.93 billion. Charles Schwab had a net margin of 35.93% and a return on equity of 21.02%. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS. Sell-side analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, November 14th. Charles Schwab’s dividend payout ratio is currently 25.29%.

Insider Activity

In related news, insider Jonathan S. Beatty sold 3,072 shares of the firm’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 transaction, the insider directly owned 11,923 shares of the company’s stock, valued at approximately $1,168,454. This trade represents a 20.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul V. Woolway sold 3,205 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $93.33, for a total value of $299,122.65. Following the completion of the sale, the insider directly owned 34,778 shares of the company’s stock, valued at approximately $3,245,830.74. This represents a 8.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.