The Charles Schwab Co. (NYSE:SCHW) Shares Bought by KCM Investment Advisors LLC

KCM Investment Advisors LLC grew its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 7.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 104,983 shares of the financial services provider's stock after purchasing an additional 7,367 shares during the period. KCM Investment Advisors LLC's holdings in Charles Schwab were worth $6,804,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Washington Trust Advisors Inc. boosted its stake in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider's stock worth $25,000 after purchasing an additional 149 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Charles Schwab during the 3rd quarter valued at about $25,000. Country Trust Bank acquired a new stake in Charles Schwab in the 2nd quarter valued at about $26,000. American Capital Advisory LLC purchased a new position in Charles Schwab in the 2nd quarter worth approximately $27,000. Finally, Fortitude Family Office LLC boosted its holdings in shares of Charles Schwab by 97.5% during the 2nd 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 during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Trading Up 0.6 %

NYSE:SCHW traded up $0.45 during trading hours on Friday, reaching $80.64. 9,372,320 shares of the company were exchanged, compared to its average volume of 8,107,237. The stock has a 50 day simple moving average of $68.38 and a 200 day simple moving average of $69.62. The Charles Schwab Co. has a 52-week low of $55.09 and a 52-week high of $82.50. 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 firm has a market cap of $143.51 billion, a price-to-earnings ratio of 31.52, a PEG ratio of 1.71 and a beta of 0.96.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 EPS. As a group, analysts predict that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.25 dividend. The ex-dividend date 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 presently 39.06%.

Insider Buying and Selling

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company's stock, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company's stock in a transaction dated Tuesday, September 17th. The shares were 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 in the company, valued at approximately $35,543,202.45. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,645 shares of company stock valued at $7,440,627 in the last quarter. Company insiders own 6.60% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on SCHW. Jefferies Financial Group reduced their price target on Charles Schwab from $79.00 to $73.00 and set a "buy" rating on the stock in a report on Friday, October 4th. Citigroup cut their target price on Charles Schwab from $75.00 to $72.00 and set a "neutral" rating for the company in a research note on Friday, September 27th. Wells Fargo & Company increased their price target on Charles Schwab from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Raymond James cut their price objective on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group increased their target price on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab has an average rating of "Hold" and an average 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.