Hosking Partners LLP Sells 5,001 Shares of The Charles Schwab Corporation $SCHW

Hosking Partners LLP reduced its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 275,077 shares of the financial services provider’s stock after selling 5,001 shares during the period. Hosking Partners LLP’s holdings in Charles Schwab were worth $26,262,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SCHW. Norges Bank acquired a new stake in shares of Charles Schwab in the second quarter valued at about $1,889,858,000. Brown Advisory Inc. boosted its stake in Charles Schwab by 88.4% during the 2nd quarter. Brown Advisory Inc. now owns 12,162,260 shares of the financial services provider’s stock valued at $1,109,687,000 after purchasing an additional 5,708,208 shares during the period. Primecap Management Co. CA grew its holdings in Charles Schwab by 35.9% in the 2nd quarter. Primecap Management Co. CA now owns 19,034,806 shares of the financial services provider’s stock valued at $1,736,736,000 after buying an additional 5,032,728 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Charles Schwab by 28.3% during the second quarter. Bank of New York Mellon Corp now owns 14,182,132 shares of the financial services provider’s stock worth $1,293,978,000 after buying an additional 3,125,179 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Charles Schwab by 1.9% in the second quarter. Vanguard Group Inc. now owns 151,182,081 shares of the financial services provider’s stock valued at $13,793,853,000 after acquiring an additional 2,786,829 shares during the period. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Down 1.6%

Shares of NYSE:SCHW opened at $101.90 on Thursday. The Charles Schwab Corporation has a 12 month low of $65.88 and a 12 month high of $104.76. The firm has a market cap of $181.06 billion, a P/E ratio of 23.86, a P/E/G ratio of 0.72 and a beta of 0.94. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $96.08 and its two-hundred day moving average price is $94.93.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.06. Charles Schwab had a net margin of 35.93% and a return on equity of 21.02%. The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $5.93 billion. During the same quarter last year, the business posted $0.71 earnings per share. Charles Schwab’s revenue for the quarter was up 26.6% compared to the same quarter last year. As a group, research analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a dividend of $0.27 per share. The ex-dividend date was Friday, November 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. Charles Schwab’s payout ratio is presently 25.29%.

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of research reports. BMO Capital Markets initiated coverage on shares of Charles Schwab in a research report on Friday, October 3rd. They set an “outperform” rating and a $110.00 target price on the stock. Keefe, Bruyette & Woods increased their target price on shares of Charles Schwab from $109.00 to $111.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. UBS Group raised their price objective on Charles Schwab from $119.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday. Bank of America raised their target price on Charles Schwab from $88.00 to $91.00 and gave the stock an “underperform” rating in a research report on Wednesday, December 10th. Finally, Cowen reaffirmed a “buy” rating on shares of Charles Schwab in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Charles Schwab currently has an average rating of “Moderate Buy” and an average target price of $110.80.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 3,072 shares of Charles Schwab stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total value of $301,056.00. Following the completion of the sale, the insider directly owned 11,923 shares in the company, valued at $1,168,454. This trade represents a 20.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.