The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Westbourne Investment Advisors Inc.

Westbourne Investment Advisors Inc. grew its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 121,689 shares of the financial services provider’s stock after purchasing an additional 1,953 shares during the period. Charles Schwab makes up 2.7% of Westbourne Investment Advisors Inc.’s investment portfolio, making the stock its 9th biggest holding. Westbourne Investment Advisors Inc.’s holdings in Charles Schwab were worth $7,887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SCHW. Country Trust Bank bought a new position in Charles Schwab in the 2nd quarter valued at about $26,000. Fortitude Family Office LLC lifted its holdings in shares of Charles Schwab by 97.5% in the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. American Capital Advisory LLC purchased a new position in shares of Charles Schwab during the second quarter valued at approximately $27,000. CGC Financial Services LLC purchased a new stake in Charles Schwab in the 2nd quarter valued at $29,000. Finally, Mizuho Securities Co. Ltd. bought a new position in Charles Schwab during the 2nd quarter valued at $29,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the completion of the transaction, the director now directly owns 554,929 shares in the company, valued at approximately $35,543,202.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now directly owns 554,929 shares in the company, valued at $35,543,202.45. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the sale, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at $4,396,116,784.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,465 shares of company stock worth $8,050,109. 6.60% of the stock is currently owned by insiders.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded up $0.11 during midday trading on Friday, reaching $70.94. 6,266,153 shares of the company traded hands, compared to its average volume of 8,068,163. The Charles Schwab Co. has a 12 month low of $53.49 and a 12 month high of $79.49. The firm’s fifty day moving average price is $66.39 and its two-hundred day moving average price is $69.50. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $126.16 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 1.62 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 earnings per share. On average, equities analysts expect that The Charles Schwab Co. will post 3.11 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm 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. This represents a $1.00 annualized dividend and a yield of 1.41%. The ex-dividend date is Friday, November 8th. Charles Schwab’s dividend payout ratio is 39.06%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SCHW shares. TD Cowen reiterated a “hold” rating and issued a $71.00 target price (down previously from $88.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Jefferies Financial Group decreased their price objective 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. Cowen boosted their target price on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Barclays upped their target price on Charles Schwab from $64.00 to $74.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods lifted their price target on Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $73.94.

Charles Schwab 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.