The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Xponance Inc.

Xponance Inc. increased its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 5.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,151 shares of the financial services provider's stock after purchasing an additional 11,303 shares during the period. Xponance Inc.'s holdings in Charles Schwab were worth $16,076,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Country Trust Bank purchased a new stake in shares of Charles Schwab during the 2nd quarter worth approximately $26,000. American Capital Advisory LLC acquired a new position in Charles Schwab in the second quarter valued at $27,000. Fortitude Family Office LLC grew its holdings in shares of 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 during the last quarter. CGC Financial Services LLC acquired a new stake in shares of Charles Schwab during the second quarter worth about $29,000. Finally, Mizuho Securities Co. Ltd. purchased a new stake in shares of Charles Schwab in the 2nd quarter valued at about $29,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of research reports. Keefe, Bruyette & Woods restated an "outperform" rating and set a $80.00 price target on shares of Charles Schwab in a research note on Thursday, August 22nd. Wells Fargo & Company initiated coverage on shares of Charles Schwab in a report on Thursday, September 12th. They issued an "equal weight" rating and a $70.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Charles Schwab from $82.00 to $78.00 and set an "overweight" rating for the company in a research note on Wednesday, July 17th. Barclays dropped their price objective on shares of Charles Schwab from $77.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 17th. Finally, TD Cowen reiterated a "hold" rating and set a $71.00 target price (down previously from $88.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $73.75.

Charles Schwab Price Performance

Shares of SCHW traded down $0.44 during mid-day trading on Monday, hitting $64.95. The company's stock had a trading volume of 5,872,868 shares, compared to its average volume of 8,097,498. The firm has a 50-day simple moving average of $64.08 and a 200 day simple moving average of $69.93. The firm has a market capitalization of $115.43 billion, a P/E ratio of 27.18, a P/E/G ratio of 1.19 and a beta of 0.97. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The business had revenue of $4.69 billion for the quarter, compared to analysts' expectations of $4.68 billion. During the same period in the prior year, the company posted $0.75 EPS. The business's revenue for the quarter was up .7% on a year-over-year basis. Analysts predict that The Charles Schwab Co. will post 3.05 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a $0.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.54%. Charles Schwab's dividend payout ratio (DPR) is presently 41.84%.

Insider Activity

In other news, CEO Walter W. Bettinger acquired 25,000 shares of the company's stock in a transaction that occurred on Wednesday, July 17th. The stock was purchased at an average cost of $66.26 per share, with a total value of $1,656,500.00. Following the purchase, the chief executive officer now directly owns 827,377 shares of the company's stock, valued at approximately $54,822,000.02. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Charles Schwab news, President Richard A. Wurster purchased 10,000 shares of Charles Schwab stock in a transaction on Wednesday, July 17th. The shares were bought at an average price of $62.05 per share, with a total value of $620,500.00. Following the completion of the acquisition, the president now directly owns 144,228 shares of the company's stock, valued at $8,949,347.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Walter W. Bettinger acquired 25,000 shares of the company's stock in a transaction dated Wednesday, July 17th. The shares were acquired at an average cost of $66.26 per share, with a total value of $1,656,500.00. Following the completion of the purchase, the chief executive officer now owns 827,377 shares in the company, valued at $54,822,000.02. The disclosure for this purchase can be found here. In the last three months, insiders sold 99,636 shares of company stock worth $6,457,104. Company 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.