The Charles Schwab Co. (NYSE:SCHW) Position Increased by KBC Group NV

KBC Group NV grew its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 237.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 745,778 shares of the financial services provider's stock after purchasing an additional 524,625 shares during the quarter. KBC Group NV's holdings in Charles Schwab were worth $48,334,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Washington Trust Advisors Inc. lifted its holdings in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 149 shares during the period. Capital Performance Advisors LLP acquired a new position in Charles Schwab in the 3rd quarter valued at about $25,000. Country Trust Bank acquired a new position in Charles Schwab during the 2nd quarter worth $26,000. American Capital Advisory LLC acquired a new position in shares of Charles Schwab during the 2nd quarter worth about $27,000. Finally, Fortitude Family Office LLC raised its holdings in Charles Schwab by 97.5% during the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider's stock worth $29,000 after purchasing an additional 192 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SCHW shares. Bank of America decreased their target price on shares of Charles Schwab from $63.00 to $61.00 and set an "underperform" rating for the company in a research note on Wednesday, October 16th. The Goldman Sachs Group upped their price target on Charles Schwab from $67.00 to $74.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. Raymond James decreased their target price on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their target price on Charles Schwab from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Finally, Citigroup dropped their price target on Charles Schwab from $75.00 to $72.00 and set a "neutral" rating on the stock in a research report on Friday, September 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Charles Schwab has a consensus rating of "Hold" and a consensus target price of $74.18.

Insider Transactions at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the completion of the sale, the director now owns 554,929 shares in the company, valued at approximately $35,543,202.45. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now directly owns 18,069 shares of the company's stock, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,645 shares of company stock worth $7,440,627 in the last ninety days. Insiders own 6.60% of the company's stock.

Charles Schwab Stock Performance

Shares of SCHW traded up $0.45 on Friday, reaching $80.64. The company's stock had a trading volume of 9,372,320 shares, compared to its average volume of 8,107,237. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.42. The stock's 50 day simple moving average is $68.38 and its two-hundred day simple moving average is $69.62. The stock has a market capitalization of $143.51 billion, a P/E ratio of 31.52, a PEG ratio of 1.71 and a beta of 0.96. The Charles Schwab Co. has a 12-month low of $55.09 and a 12-month high of $82.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted 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. 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 during the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter in the previous year, the business earned $0.77 EPS. Charles Schwab's revenue was up 5.2% compared to the same quarter last year. 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 will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.24%. Charles Schwab's dividend payout ratio (DPR) is 39.06%.

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.