World Investment Advisors LLC Takes Position in The Charles Schwab Co. (NYSE:SCHW)

World Investment Advisors LLC bought a new position in The Charles Schwab Co. (NYSE:SCHW) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 142,124 shares of the financial services provider’s stock, valued at approximately $9,211,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. increased its stake in Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Charles Schwab during the third quarter valued at $25,000. American Capital Advisory LLC purchased a new stake in shares of Charles Schwab during the second quarter valued at $27,000. Mizuho Securities Co. Ltd. bought a new position in Charles Schwab in the 2nd quarter worth about $29,000. Finally, Prospera Private Wealth LLC bought a new position in Charles Schwab in the third quarter worth approximately $31,000. 84.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’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 value of $576,450.00. Following the transaction, the director now directly owns 554,929 shares in the company, valued at approximately $35,543,202.45. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nigel J. Murtagh sold 12,739 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the sale, the insider now directly owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. This trade represents a 17.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 127,968 shares of company stock valued at $9,419,271 in the last three months. 6.60% of the stock is currently owned by insiders.

Charles Schwab Stock Up 0.5 %

Shares of SCHW opened at $82.83 on Friday. The stock has a 50 day moving average price of $75.55 and a 200 day moving average price of $70.41. The Charles Schwab Co. has a one year low of $59.67 and a one year high of $83.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market capitalization of $147.41 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 1.79 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Equities research analysts forecast that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s payout ratio is currently 39.06%.

Analyst Ratings Changes

Several research firms recently weighed in on SCHW. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Piper Sandler lifted their target price on Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. JMP Securities reaffirmed a “market outperform” rating and set a $94.00 price target (up from $84.00) on shares of Charles Schwab in a research report on Monday. Deutsche Bank Aktiengesellschaft increased their price target on Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company lifted their price objective on shares of Charles Schwab from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $79.75.

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.