Kinsale Capital Group Inc. Buys 13,686 Shares of The Charles Schwab Co. (NYSE:SCHW)

Kinsale Capital Group Inc. raised its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 16.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,511 shares of the financial services provider's stock after purchasing an additional 13,686 shares during the quarter. Charles Schwab accounts for 1.8% of Kinsale Capital Group Inc.'s portfolio, making the stock its 22nd largest position. Kinsale Capital Group Inc.'s holdings in Charles Schwab were worth $6,125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its position in shares of Charles Schwab by 4.2% in the 1st 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 buying an additional 2,946,327 shares during the last quarter. Legal & General Group Plc lifted its holdings in Charles Schwab by 2.1% in the second quarter. Legal & General Group Plc now owns 10,886,058 shares of the financial services provider's stock worth $802,193,000 after acquiring an additional 225,397 shares during the last quarter. Allen Investment Management LLC grew its holdings in shares of Charles Schwab by 3.0% during the second quarter. Allen Investment Management LLC now owns 8,712,364 shares of the financial services provider's stock valued at $642,014,000 after purchasing an additional 251,485 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Charles Schwab by 8.9% during the 1st quarter. Lazard Asset Management LLC now owns 7,305,050 shares of the financial services provider's stock worth $528,445,000 after purchasing an additional 596,589 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Charles Schwab by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider's stock worth $432,536,000 after purchasing an additional 38,201 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In related news, 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 value of $4,521,259.40. Following the transaction, the chairman now owns 60,619,371 shares in the company, valued at $4,396,116,784.92. This trade represents a 0.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the director now owns 554,929 shares of the company's stock, valued at $35,543,202.45. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,645 shares of company stock valued at $7,440,627. 6.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on SCHW. Wells Fargo & Company raised their target price on Charles Schwab from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their price target on Charles Schwab from $76.00 to $81.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Cowen raised their target price on Charles Schwab from $69.00 to $75.00 and gave the company a "hold" rating in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft boosted their price target on Charles Schwab from $77.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, Barclays increased their price target on Charles Schwab from $64.00 to $74.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. Two equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $74.18.

Charles Schwab Stock Up 0.6 %

NYSE:SCHW traded up $0.45 during trading hours on Friday, hitting $80.64. 9,372,796 shares of the company's stock traded hands, compared to its average volume of 8,107,237. The Charles Schwab Co. has a twelve month low of $55.09 and a twelve month high of $82.50. The firm has a market cap of $143.51 billion, a P/E ratio of 31.50, a P/E/G ratio of 1.71 and a beta of 0.96. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.47. The stock's fifty day moving average price is $68.74 and its two-hundred day moving average price is $69.66.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The business 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 quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. On average, research analysts expect that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, November 8th. Charles Schwab's dividend payout ratio (DPR) is presently 39.06%.

About Charles Schwab

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.