Susquehanna Portfolio Strategies LLC Has $14.91 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Susquehanna Portfolio Strategies LLC reduced its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 40.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 202,266 shares of the financial services provider's stock after selling 137,208 shares during the period. Susquehanna Portfolio Strategies LLC's holdings in Charles Schwab were worth $14,905,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morningstar Investment Services LLC lifted its stake in Charles Schwab by 98.0% in the fourth quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider's stock valued at $326,284,000 after acquiring an additional 2,322,156 shares during the last quarter. M&G Plc acquired a new position in shares of Charles Schwab during the 1st quarter valued at about $11,452,000. Daiwa Securities Group Inc. raised its stake in shares of Charles Schwab by 10.4% in the 1st quarter. Daiwa Securities Group Inc. now owns 190,597 shares of the financial services provider's stock valued at $13,788,000 after acquiring an additional 17,925 shares in the last quarter. Wedmont Private Capital lifted its holdings in Charles Schwab by 12.2% in the 1st quarter. Wedmont Private Capital now owns 13,130 shares of the financial services provider's stock worth $949,000 after purchasing an additional 1,430 shares during the last quarter. Finally, Bridgewater Associates LP boosted its position in Charles Schwab by 217.8% during the fourth quarter. Bridgewater Associates LP now owns 194,339 shares of the financial services provider's stock worth $13,371,000 after purchasing an additional 133,186 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Price Performance

NYSE:SCHW traded up $0.58 during mid-day trading on Friday, hitting $64.42. The company's stock had a trading volume of 6,521,248 shares, compared to its average volume of 7,745,557. 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 fifty day moving average of $64.10 and a 200-day moving average of $69.81. The company has a market capitalization of $114.57 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 1.21 and a beta of 0.97. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49.

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

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.55%. Charles Schwab's dividend payout ratio is presently 41.84%.

Insider Transactions at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the completion of the transaction, the director now owns 554,929 shares in the company, valued at $35,543,202.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the completion of the sale, the director now directly owns 554,929 shares in the company, valued at $35,543,202.45. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jonathan S. Beatty sold 780 shares of the company's stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $75.00, for a total transaction of $58,500.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at approximately $1,355,175. The disclosure for this sale can be found here. In the last quarter, insiders have sold 99,636 shares of company stock valued at $6,457,104. 6.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SCHW shares. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $80.00 price objective on shares of Charles Schwab in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Charles Schwab from $79.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, August 15th. Citigroup lowered their target price on Charles Schwab from $75.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday. JPMorgan Chase & Co. cut their price target on Charles Schwab from $82.00 to $78.00 and set an "overweight" rating for the company in a report on Wednesday, July 17th. Finally, TD Cowen restated a "hold" rating and issued a $71.00 price objective (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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $73.31.

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.