The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Greenleaf Trust

Greenleaf Trust raised its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 63.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,558 shares of the financial services provider's stock after purchasing an additional 21,646 shares during the period. Greenleaf Trust's holdings in Charles Schwab were worth $3,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. M&G Plc purchased a new position in shares of Charles Schwab in the 1st quarter valued at about $11,452,000. Teewinot Capital Advisers L.L.C. increased its holdings in shares of Charles Schwab by 9.0% in the 2nd quarter. Teewinot Capital Advisers L.L.C. now owns 775,161 shares of the financial services provider's stock valued at $57,122,000 after acquiring an additional 64,041 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in Charles Schwab by 10.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 190,597 shares of the financial services provider's stock worth $13,788,000 after buying an additional 17,925 shares during the last quarter. Iowa State Bank grew its stake in Charles Schwab by 37.9% during the 3rd quarter. Iowa State Bank now owns 28,476 shares of the financial services provider's stock worth $1,846,000 after buying an additional 7,829 shares during the last quarter. Finally, Dudley & Shanley Inc. purchased a new position in Charles Schwab during the 1st quarter worth approximately $13,650,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Price Performance

SCHW traded up $0.15 during trading on Wednesday, reaching $71.06. 228,029 shares of the stock were exchanged, compared to its average volume of 8,053,867. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49. The business's 50 day moving average price is $65.32 and its two-hundred day moving average price is $69.48. The company has a market capitalization of $126.38 billion, a price-to-earnings ratio of 27.70, a P/E/G ratio of 1.65 and a beta of 0.97.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) 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 the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. The business's revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.77 earnings per share. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 3.11 earnings per share for the current year.

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the company's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the completion of the sale, the chairman now directly owns 60,619,371 shares in the company, valued at $4,396,116,784.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated 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 owns 554,929 shares in the company, valued at approximately $35,543,202.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction dated 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 completion of the sale, the chairman now owns 60,619,371 shares of the company's stock, valued at approximately $4,396,116,784.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 182,001 shares of company stock worth $12,512,592. 6.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Charles Schwab from $77.00 to $76.00 in a research note on Tuesday, October 15th. The Goldman Sachs Group lifted their target price on Charles Schwab from $67.00 to $74.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. Citigroup lowered their target price on Charles Schwab from $75.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, September 27th. Raymond James lowered their target price on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $76.00 to $81.00 and gave the company an "outperform" 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, the stock currently has an average rating of "Hold" and a consensus price target of $73.59.

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.

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