World Investment Advisors LLC Purchases Shares of 142,124 The Charles Schwab Co. (NYSE:SCHW)

World Investment Advisors LLC acquired a new stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 142,124 shares of the financial services provider's stock, valued at approximately $9,211,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sculati Wealth Management LLC raised its stake in shares of Charles Schwab by 0.7% in the third quarter. Sculati Wealth Management LLC now owns 42,988 shares of the financial services provider's stock valued at $2,786,000 after acquiring an additional 315 shares in the last quarter. Anchor Investment Management LLC raised its position in Charles Schwab by 11.2% in the 3rd quarter. Anchor Investment Management LLC now owns 36,229 shares of the financial services provider's stock valued at $2,348,000 after purchasing an additional 3,637 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Charles Schwab by 4.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 10,950 shares of the financial services provider's stock valued at $710,000 after buying an additional 498 shares during the period. Coldstream Capital Management Inc. grew its position in shares of Charles Schwab by 3.5% during the third quarter. Coldstream Capital Management Inc. now owns 19,277 shares of the financial services provider's stock worth $1,280,000 after buying an additional 653 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Charles Schwab by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 30,141,441 shares of the financial services provider's stock worth $1,945,614,000 after buying an additional 445,304 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Down 4.2 %

SCHW traded down $3.50 on Friday, reaching $79.35. The company's stock had a trading volume of 6,681,836 shares, compared to its average volume of 7,986,131. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 1 year low of $59.67 and a 1 year high of $83.35. The business's 50 day moving average is $75.55 and its 200 day moving average is $70.41. The stock has a market cap of $141.22 billion, a price-to-earnings ratio of 32.36, a price-to-earnings-growth ratio of 1.79 and a beta of 0.96.

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

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. Charles Schwab's dividend payout ratio (DPR) is presently 39.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Wells Fargo & Company raised their price target on Charles Schwab from $75.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on Charles Schwab from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Citigroup cut their target price on shares of Charles Schwab from $75.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday, September 27th. Finally, Cowen increased their price target on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a "hold" rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $79.75.

Insiders Place Their Bets

In related news, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the sale, the director now owns 442,807 shares in the company, valued at $36,057,774.01. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 127,968 shares of company stock valued at $9,419,271 in the last quarter. 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.