Regal Partners Ltd Has $16.49 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Regal Partners Ltd boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 8.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,444 shares of the financial services provider's stock after buying an additional 20,306 shares during the period. Charles Schwab comprises 1.5% of Regal Partners Ltd's portfolio, making the stock its 19th largest holding. Regal Partners Ltd's holdings in Charles Schwab were worth $16,491,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SCHW. Vanguard Group Inc. boosted its stake in shares of Charles Schwab by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 120,963,133 shares of the financial services provider's stock valued at $8,750,473,000 after purchasing an additional 1,042,823 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Charles Schwab by 4.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider's stock valued at $5,230,657,000 after purchasing an additional 2,946,327 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Charles Schwab by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 10,886,058 shares of the financial services provider's stock valued at $802,193,000 after purchasing an additional 225,397 shares in the last quarter. Allen Investment Management LLC boosted its stake in shares of Charles Schwab by 3.0% in the 2nd quarter. Allen Investment Management LLC now owns 8,712,364 shares of the financial services provider's stock valued at $642,014,000 after purchasing an additional 251,485 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Charles Schwab by 8.9% in the 1st quarter. Lazard Asset Management LLC now owns 7,305,050 shares of the financial services provider's stock valued at $528,445,000 after purchasing an additional 596,589 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Activity

In related news, insider Jonathan S. Beatty sold 2,500 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was 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 approximately $1,391,674.38. The trade was a 12.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business's 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 of the company's stock, valued at $35,543,202.45. This represents a 1.60 % 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 ninety days. 6.60% of the stock is owned by insiders.

Charles Schwab Trading Up 2.5 %

NYSE:SCHW traded up $1.94 on Thursday, hitting $80.19. 14,451,210 shares of the stock were exchanged, compared to its average volume of 8,101,502. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.47. The stock has a market capitalization of $142.71 billion, a price-to-earnings ratio of 31.32, a P/E/G ratio of 1.79 and a beta of 0.96. The company's 50-day moving average price is $68.05 and its 200 day moving average price is $69.54. The Charles Schwab Co. has a 52 week low of $55.09 and a 52 week high of $82.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. Charles Schwab's revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. On average, equities research analysts forecast that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. Charles Schwab's dividend payout ratio (DPR) is presently 39.06%.

Analyst Ratings Changes

Several equities research analysts have recently commented on SCHW shares. JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $86.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group boosted their target price on shares of Charles Schwab from $67.00 to $74.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their price target on Charles Schwab from $76.00 to $81.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. JMP Securities lifted their price target on Charles Schwab from $82.00 to $84.00 and gave the company a "market outperform" rating in a report on Wednesday, October 16th. Finally, Raymond James cut their price target on Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $74.18.

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.