Y Intercept Hong Kong Ltd Has $1.34 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Y Intercept Hong Kong Ltd increased its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 125.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,728 shares of the financial services provider's stock after buying an additional 11,537 shares during the period. Y Intercept Hong Kong Ltd's holdings in Charles Schwab were worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Diversified Trust Co increased its holdings in shares of Charles Schwab by 26.0% in the second quarter. Diversified Trust Co now owns 7,737 shares of the financial services provider's stock valued at $570,000 after purchasing an additional 1,595 shares during the last quarter. Swedbank AB increased its holdings in shares of Charles Schwab by 3.6% in the second quarter. Swedbank AB now owns 583,562 shares of the financial services provider's stock valued at $43,003,000 after purchasing an additional 20,411 shares during the last quarter. Fiduciary Financial Group LLC acquired a new position in shares of Charles Schwab in the second quarter valued at $3,697,000. Professional Financial Advisors LLC increased its holdings in shares of Charles Schwab by 1.9% in the second quarter. Professional Financial Advisors LLC now owns 19,063 shares of the financial services provider's stock valued at $1,405,000 after purchasing an additional 363 shares during the last quarter. Finally, Silver Lake Advisory LLC acquired a new position in shares of Charles Schwab in the second quarter valued at $744,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Charles Schwab

In other news, insider Nigel J. Murtagh sold 12,739 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the transaction, the insider now owns 59,092 shares of the company's stock, valued at $4,796,497.64. This represents a 17.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company's stock, valued at $1,481,838.69. This represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,968 shares of company stock valued at $9,419,271. 6.60% of the stock is currently owned by insiders.

Charles Schwab Price Performance

Shares of SCHW stock traded up $0.44 on Thursday, reaching $82.85. The company had a trading volume of 6,554,661 shares, compared to its average volume of 7,988,900. The stock has a market capitalization of $147.44 billion, a PE ratio of 32.25, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a one year low of $59.67 and a one year high of $83.35. The business's 50-day moving average is $75.16 and its 200 day moving average is $70.32.

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

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued 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 1.21%. Charles Schwab's dividend payout ratio (DPR) is currently 39.06%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Charles Schwab from $68.00 to $74.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Raymond James decreased their price target on shares of Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Wells Fargo & Company upped their price target on shares of Charles Schwab from $75.00 to $90.00 and gave the company an "equal weight" rating in a research note on Thursday. Citigroup decreased their price target on shares of Charles Schwab from $75.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, September 27th. Finally, JMP Securities restated a "market outperform" rating and issued a $94.00 price target (up from $84.00) on shares of Charles Schwab in a research note on Monday. One equities 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 data from MarketBeat.com, Charles Schwab has an average rating of "Hold" and a consensus price target of $79.75.

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.