Curi RMB Capital LLC Raises Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Curi RMB Capital LLC raised its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 33.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 200,973 shares of the financial services provider's stock after buying an additional 50,363 shares during the period. Curi RMB Capital LLC's holdings in Charles Schwab were worth $13,025,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in Charles Schwab by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider's stock worth $5,230,657,000 after purchasing an additional 2,946,327 shares during the last quarter. Darsana Capital Partners LP grew its holdings in shares of Charles Schwab by 200.0% in the second quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider's stock valued at $221,070,000 after acquiring an additional 2,000,000 shares in the last quarter. AustralianSuper Pty Ltd increased its position in shares of Charles Schwab by 2,617.6% during the third quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider's stock valued at $110,681,000 after acquiring an additional 1,644,931 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Charles Schwab during the first quarter worth $105,563,000. Finally, Westwood Holdings Group Inc. boosted its position in Charles Schwab by 231.2% in the first quarter. Westwood Holdings Group Inc. now owns 1,498,929 shares of the financial services provider's stock worth $108,433,000 after purchasing an additional 1,046,322 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Price Performance

SCHW traded up $1.94 during midday trading on Thursday, hitting $80.19. The stock had a trading volume of 14,715,518 shares, compared to its average volume of 8,101,502. The company has a market cap of $142.71 billion, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 1.79 and a beta of 0.96. The Charles Schwab Co. has a 1 year low of $55.09 and a 1 year high of $82.50. The business has a fifty day moving average of $68.05 and a 200 day moving average of $69.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm's revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. As a group, equities analysts forecast that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.25%. Charles Schwab's payout ratio is currently 39.06%.

Insider Transactions at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business'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 of the company's stock, valued at approximately $35,543,202.45. The trade was a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 62,345 shares of Charles Schwab 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 completion of the sale, the chairman now owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This trade represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,645 shares of company stock worth $7,440,627. Insiders own 6.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SCHW. Barclays boosted their target price on shares of Charles Schwab from $64.00 to $74.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group increased their price objective on Charles Schwab from $67.00 to $74.00 and gave the company a "neutral" rating in a report on Wednesday, October 16th. Piper Sandler boosted 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. Deutsche Bank Aktiengesellschaft increased their price target on Charles Schwab from $77.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Bank of America lowered their price objective on Charles Schwab from $63.00 to $61.00 and set an "underperform" rating on the stock in a research note on Wednesday, October 16th. Two investment analysts have 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 company currently has an average rating of "Hold" and a consensus target price of $74.18.

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.