SGL Investment Advisors Inc. Makes New $2.47 Million Investment in The Charles Schwab Co. (NYSE:SCHW)

SGL Investment Advisors Inc. purchased a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 38,039 shares of the financial services provider’s stock, valued at approximately $2,465,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Charles Schwab by 11.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 865,919 shares of the financial services provider’s stock worth $56,120,000 after buying an additional 88,962 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in shares of Charles Schwab by 125.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,728 shares of the financial services provider’s stock valued at $1,343,000 after acquiring an additional 11,537 shares during the period. MML Investors Services LLC increased its stake in shares of Charles Schwab by 11.9% during the 3rd quarter. MML Investors Services LLC now owns 585,308 shares of the financial services provider’s stock worth $37,934,000 after purchasing an additional 62,035 shares during the last quarter. Anson Funds Management LP bought a new stake in shares of Charles Schwab in the 3rd quarter worth approximately $2,268,000. Finally, Orion Portfolio Solutions LLC lifted its stake in Charles Schwab by 0.5% in the third quarter. Orion Portfolio Solutions LLC now owns 122,065 shares of the financial services provider’s stock valued at $7,911,000 after purchasing an additional 665 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SCHW. Deutsche Bank Aktiengesellschaft boosted their target price on Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Citigroup lowered their price target on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, September 27th. JPMorgan Chase & Co. lifted their price objective on shares of Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Bank of America dropped their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.56.

Charles Schwab Price Performance

Shares of SCHW stock opened at $81.47 on Monday. The business’s 50 day moving average price is $74.08 and its 200-day moving average price is $70.10. The Charles Schwab Co. has a fifty-two week low of $59.67 and a fifty-two week high of $83.35. The firm has a market cap of $144.99 billion, a P/E ratio of 31.82, a P/E/G ratio of 1.77 and a beta of 0.96. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last released 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. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the company posted $0.77 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. On average, equities research analysts anticipate that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. Charles Schwab’s payout ratio is 39.06%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the transaction, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab 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 completion of the sale, the director now owns 554,929 shares of the company’s stock, valued at $35,543,202.45. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 127,968 shares of company stock valued at $9,419,271 in the last ninety days. 6.60% of the stock is currently owned by corporate insiders.

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.