The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 8.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 741,938 shares of the financial services provider's stock after purchasing an additional 56,136 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Charles Schwab were worth $54,673,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of SCHW. Price T Rowe Associates Inc. MD raised its position in shares of Charles Schwab by 33.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider's stock valued at $4,771,985,000 after buying an additional 17,369,091 shares during the last quarter. Morningstar Investment Services LLC increased its position in Charles Schwab by 98.0% during the fourth quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider's stock worth $326,284,000 after purchasing an additional 2,322,156 shares during the last quarter. Mondrian Investment Partners LTD increased its position in Charles Schwab by 28,736.1% during the first quarter. Mondrian Investment Partners LTD now owns 1,485,637 shares of the financial services provider's stock worth $107,471,000 after purchasing an additional 1,480,485 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Charles Schwab during the first quarter worth approximately $105,563,000. Finally, Wellington Management Group LLP increased its position in Charles Schwab by 13.3% during the fourth quarter. Wellington Management Group LLP now owns 11,668,610 shares of the financial services provider's stock worth $802,800,000 after purchasing an additional 1,373,223 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Down 0.8 %

NYSE SCHW traded down $0.54 during trading hours on Tuesday, reaching $64.39. 3,406,521 shares of the company traded hands, compared to its average volume of 8,071,376. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49. 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 stock has a market capitalization of $114.44 billion, a PE ratio of 27.18, a PEG ratio of 1.19 and a beta of 0.97. The company has a 50 day moving average of $64.08 and a two-hundred day moving average of $69.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, beating 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 firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the prior year, the firm posted $0.75 EPS. The firm's revenue was up .7% compared to the same quarter last year. As a group, equities analysts expect that The Charles Schwab Co. will post 3.05 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.55%. Charles Schwab's dividend payout ratio (DPR) is 41.84%.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan S. Beatty sold 780 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $75.00, for a total transaction of $58,500.00. Following the sale, the insider now directly owns 18,069 shares of the company's stock, valued at $1,355,175. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Charles Schwab news, insider Jonathan S. Beatty sold 780 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $75.00, for a total transaction of $58,500.00. Following the sale, the insider now directly owns 18,069 shares of the company's stock, valued at $1,355,175. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 67,386 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the completion of the sale, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $3,946,927,245.81. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,636 shares of company stock valued at $6,457,104. Company insiders own 6.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SCHW shares. JPMorgan Chase & Co. dropped 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 report on Wednesday, July 17th. UBS Group decreased their price objective on shares of Charles Schwab from $91.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $80.00 price objective on shares of Charles Schwab in a research note on Thursday, August 22nd. Bank of America decreased their price objective on shares of Charles Schwab from $72.00 to $66.00 and set an "underperform" rating for the company in a research note on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charles Schwab from $79.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, August 15th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $73.75.

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.