Mizuho Markets Americas LLC Invests $1 Million in The Charles Schwab Corporation $SCHW

Mizuho Markets Americas LLC purchased a new stake in The Charles Schwab Corporation (NYSE:SCHWFree Report) during the third quarter, HoldingsChannel.com reports. The firm purchased 10,500 shares of the financial services provider’s stock, valued at approximately $1,002,000.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in 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 purchasing an additional 2,786,829 shares in the last quarter. State Street Corp increased its position in shares of Charles Schwab by 0.7% in the 2nd quarter. State Street Corp now owns 72,464,619 shares of the financial services provider’s stock valued at $6,611,672,000 after buying an additional 531,329 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Charles Schwab by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 37,381,183 shares of the financial services provider’s stock valued at $3,399,181,000 after buying an additional 1,038,376 shares in the last quarter. Franklin Resources Inc. raised its stake in Charles Schwab by 2.8% during the 2nd quarter. Franklin Resources Inc. now owns 30,035,937 shares of the financial services provider’s stock worth $2,740,479,000 after buying an additional 815,625 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in Charles Schwab by 1.0% during the second quarter. Fisher Asset Management LLC now owns 21,376,690 shares of the financial services provider’s stock worth $1,950,409,000 after acquiring an additional 211,527 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Trading Up 1.0%

Shares of SCHW stock opened at $103.83 on Monday. The company has a market capitalization of $184.50 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 0.71 and a beta of 0.94. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.58 and a current ratio of 0.58. The company has a 50-day simple moving average of $97.15 and a two-hundred day simple moving average of $95.55. The Charles Schwab Corporation has a 52-week low of $65.88 and a 52-week high of $104.98.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.25 by $0.06. Charles Schwab had a return on equity of 21.02% and a net margin of 35.93%.The business had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $5.93 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. Charles Schwab’s revenue for the quarter was up 26.6% on a year-over-year basis. Research analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders 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 annualized dividend and a yield of 1.0%. Charles Schwab’s payout ratio is presently 25.29%.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 3,072 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total transaction of $301,056.00. Following the sale, the insider 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on SCHW. Deutsche Bank Aktiengesellschaft lifted their price target on Charles Schwab from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, October 17th. TD Cowen lifted their price target on Charles Schwab from $134.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Charles Schwab in a research report on Wednesday, October 8th. Cowen restated a “buy” rating on shares of Charles Schwab in a research report on Wednesday. Finally, Morgan Stanley lifted their price target on Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.45.

View Our Latest Stock Report on Charles Schwab

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Charles Schwab Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Corporation (NYSE:SCHWFree Report).

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

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