The Charles Schwab Co. (NYSE:SCHW) Position Increased by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 5.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,289,161 shares of the financial services provider's stock after purchasing an additional 68,560 shares during the quarter. Natixis Advisors LLC owned about 0.07% of Charles Schwab worth $83,550,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Linscomb Wealth Inc. boosted its position in shares of Charles Schwab by 0.9% in the 3rd quarter. Linscomb Wealth Inc. now owns 38,096 shares of the financial services provider's stock worth $2,469,000 after purchasing an additional 338 shares in the last quarter. KCM Investment Advisors LLC lifted its position in Charles Schwab by 7.5% during the 3rd quarter. KCM Investment Advisors LLC now owns 104,983 shares of the financial services provider's stock worth $6,804,000 after acquiring an additional 7,367 shares during the period. Empowered Funds LLC lifted its position in Charles Schwab by 6.2% during the 3rd quarter. Empowered Funds LLC now owns 22,842 shares of the financial services provider's stock worth $1,480,000 after acquiring an additional 1,343 shares during the period. Empirical Finance LLC lifted its position in Charles Schwab by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 49,935 shares of the financial services provider's stock worth $3,236,000 after acquiring an additional 1,052 shares during the period. Finally, Sheaff Brock Investment Advisors LLC lifted its position in Charles Schwab by 6.2% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 7,857 shares of the financial services provider's stock worth $509,000 after acquiring an additional 460 shares during the period. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Trading Up 0.6 %

Shares of SCHW traded up $0.45 during mid-day trading on Friday, reaching $80.64. The company had a trading volume of 9,372,796 shares, compared to its average volume of 7,978,346. The stock has a market cap of $143.51 billion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 1.76 and a beta of 0.96. The firm has a fifty day simple moving average of $68.74 and a 200-day simple moving average of $69.63. The Charles Schwab Co. has a fifty-two week low of $55.09 and a fifty-two week high of $82.50. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. The business had revenue of $4.85 billion for 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 business's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 EPS. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given 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 is presently 39.06%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SCHW shares. JPMorgan Chase & Co. lifted their price target on Charles Schwab from $86.00 to $87.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Raymond James reduced their price objective on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Citigroup reduced their price objective 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. StockNews.com upgraded Charles Schwab from a "sell" rating to a "hold" rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group lifted their price objective on Charles Schwab from $67.00 to $74.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. Two investment 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's stock. According to data from MarketBeat.com, Charles Schwab currently has a consensus rating of "Hold" and an average price target of $74.18.

Insider Activity at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the transaction, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. This trade represents a 12.15 % 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, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction that occurred 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 transaction, the chairman now owns 60,619,371 shares of the company's stock, valued at $4,396,116,784.92. This trade represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,645 shares of company stock valued at $7,440,627 in the last quarter. Insiders own 6.60% of the company's stock.

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.