Huntington National Bank boosted its position in shares of Charles Schwab Co. (NYSE:SCHW) by 49.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,061 shares of the financial services provider’s stock after acquiring an additional 2,673 shares during the period. Huntington National Bank’s holdings in Charles Schwab were worth $396,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acropolis Investment Management LLC purchased a new stake in Charles Schwab during the 2nd quarter valued at approximately $115,000. LFA Lugano Financial Advisors SA purchased a new stake in Charles Schwab during the 3rd quarter valued at approximately $111,000. Point72 Hong Kong Ltd purchased a new stake in Charles Schwab during the 2nd quarter valued at approximately $134,000. Kaizen Advisory LLC grew its holdings in Charles Schwab by 157.6% during the 2nd quarter. Kaizen Advisory LLC now owns 2,980 shares of the financial services provider’s stock valued at $152,000 after buying an additional 1,823 shares in the last quarter. Finally, Sun Life Financial INC grew its holdings in Charles Schwab by 1,041.8% during the 2nd quarter. Sun Life Financial INC now owns 3,254 shares of the financial services provider’s stock valued at $166,000 after buying an additional 2,969 shares in the last quarter. Institutional investors own 80.44% of the company’s stock.

SCHW stock opened at $45.60 on Tuesday. Charles Schwab Co. has a fifty-two week low of $43.33 and a fifty-two week high of $60.22. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $63.27 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 1.16 and a beta of 1.55.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Monday, October 15th. The financial services provider reported $0.65 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.65. Charles Schwab had a net margin of 32.65% and a return on equity of 19.46%. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period last year, the firm posted $0.42 earnings per share. Charles Schwab’s revenue for the quarter was up 19.1% compared to the same quarter last year. Analysts predict that Charles Schwab Co. will post 2.45 earnings per share for the current year.

A number of brokerages have issued reports on SCHW. Zacks Investment Research raised shares of Charles Schwab from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Tuesday, June 26th. ValuEngine lowered shares of Charles Schwab from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Barclays cut their price objective on shares of Charles Schwab from $65.00 to $57.00 and set an “overweight” rating for the company in a report on Monday. Citigroup cut their price objective on shares of Charles Schwab from $49.00 to $48.00 and set a “sell” rating for the company in a report on Monday, July 23rd. Finally, Wells Fargo & Co increased their price objective on shares of Charles Schwab from $54.00 to $56.00 and gave the company a “$54.22” rating in a report on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. Charles Schwab has an average rating of “Hold” and an average target price of $58.64.

In related news, Director Christopher V. Dodds sold 15,718 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $51.14, for a total value of $803,818.52. Following the completion of the transaction, the director now directly owns 7,592 shares of the company’s stock, valued at $388,254.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Marie A. Chandoha sold 8,424 shares of the firm’s stock in a transaction on Tuesday, October 16th. The shares were sold at an average price of $48.01, for a total transaction of $404,436.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,771 shares of company stock valued at $1,336,655. 11.50% of the stock is currently owned by insiders.

About Charles Schwab

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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