The Charles Schwab Corporation $SCHW Shares Acquired by Avanza Fonder AB

Avanza Fonder AB increased its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 6.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,542 shares of the financial services provider’s stock after buying an additional 7,472 shares during the quarter. Avanza Fonder AB’s holdings in Charles Schwab were worth $12,176,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SCHW. Brighton Jones LLC raised its stake in shares of Charles Schwab by 380.5% during the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after purchasing an additional 19,195 shares in the last quarter. Freedom Investment Management Inc. grew its position in Charles Schwab by 10.2% in the 1st quarter. Freedom Investment Management Inc. now owns 3,869 shares of the financial services provider’s stock valued at $303,000 after buying an additional 359 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in Charles Schwab by 7.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 27,298 shares of the financial services provider’s stock valued at $2,137,000 after buying an additional 1,823 shares during the period. Ieq Capital LLC raised its position in shares of Charles Schwab by 101.0% during the 1st quarter. Ieq Capital LLC now owns 156,183 shares of the financial services provider’s stock worth $12,226,000 after buying an additional 78,498 shares in the last quarter. Finally, CreativeOne Wealth LLC lifted its stake in shares of Charles Schwab by 12.1% in the 1st quarter. CreativeOne Wealth LLC now owns 6,232 shares of the financial services provider’s stock worth $488,000 after acquiring an additional 673 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Up 0.5%

Shares of Charles Schwab stock opened at $101.73 on Friday. The Charles Schwab Corporation has a 1 year low of $65.88 and a 1 year high of $102.11. The company has a market cap of $180.77 billion, a P/E ratio of 23.82, a P/E/G ratio of 0.83 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 stock has a 50-day moving average price of $94.80 and a 200 day moving average price of $94.09.

Charles Schwab (NYSE:SCHW) last released its earnings results on Thursday, October 16th. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.06. The company had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $5.93 billion. Charles Schwab had a return on equity of 21.02% and a net margin of 35.93%.The business’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 EPS. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Charles Schwab’s payout ratio is presently 25.29%.

Insider Activity at Charles Schwab

In other news, insider Paul V. Woolway sold 3,205 shares of the company’s stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jonathan S. Beatty sold 3,072 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total value of $301,056.00. Following the sale, the insider owned 11,923 shares of the company’s stock, valued at approximately $1,168,454. This represents a 20.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 6.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SCHW shares. TD Cowen raised their price objective on shares of Charles Schwab from $129.00 to $134.00 and gave the company a “buy” rating in a research note on Friday, October 17th. JPMorgan Chase & Co. upped their target price on Charles Schwab from $119.00 to $121.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Zacks Research lowered Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft lifted their target price on Charles Schwab from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Finally, UBS Group initiated coverage on shares of Charles Schwab in a report on Thursday, December 11th. They issued a “buy” rating and a $119.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $108.84.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.