River & Mercantile Asset Management LLP purchased a new position in shares of Charles Schwab Co. (NYSE:SCHW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,496 shares of the financial services provider’s stock, valued at approximately $1,547,000.

Other institutional investors also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC boosted its holdings in shares of Charles Schwab by 12,401.9% during the second quarter. Nuveen Asset Management LLC now owns 6,862,927 shares of the financial services provider’s stock worth $275,821,000 after purchasing an additional 6,808,032 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Charles Schwab by 3.7% during the second quarter. BlackRock Inc. now owns 87,080,690 shares of the financial services provider’s stock worth $3,499,773,000 after purchasing an additional 3,140,824 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Charles Schwab by 24.0% during the first quarter. Clearbridge Investments LLC now owns 14,863,818 shares of the financial services provider’s stock worth $635,577,000 after purchasing an additional 2,880,846 shares during the last quarter. Boston Partners boosted its holdings in shares of Charles Schwab by 287.1% during the second quarter. Boston Partners now owns 3,792,595 shares of the financial services provider’s stock worth $152,428,000 after purchasing an additional 2,812,729 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Charles Schwab by 132.2% during the second quarter. CIBC Private Wealth Group LLC now owns 3,490,027 shares of the financial services provider’s stock worth $140,265,000 after purchasing an additional 1,987,302 shares during the last quarter. 79.02% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on the company. UBS Group decreased their price objective on Charles Schwab from $36.00 to $33.00 and set a “sell” rating on the stock in a report on Wednesday, October 2nd. Citigroup raised their price objective on Charles Schwab from $43.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Compass Point set a $45.00 price objective on Charles Schwab and gave the stock a “hold” rating in a report on Tuesday, July 2nd. Keefe, Bruyette & Woods cut Charles Schwab from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $51.00 to $43.50 in a report on Friday, July 12th. Finally, ValuEngine upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. Charles Schwab has a consensus rating of “Hold” and a consensus target price of $44.34.

In other Charles Schwab news, Director Stephen T. Mclin sold 5,093 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $37.56, for a total transaction of $191,293.08. Following the transaction, the director now owns 7,297 shares in the company, valued at $274,075.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Jonathan M. Craig sold 3,740 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $40.20, for a total value of $150,348.00. The disclosure for this sale can be found here. Insiders sold 219,677 shares of company stock worth $8,997,842 in the last quarter. 10.90% of the stock is owned by insiders.

Charles Schwab stock traded up $0.40 during midday trading on Wednesday, reaching $35.63. The stock had a trading volume of 768,412 shares, compared to its average volume of 8,111,228. Charles Schwab Co. has a twelve month low of $34.58 and a twelve month high of $52.35. The stock has a market capitalization of $46.63 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 2.37 and a beta of 1.32. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.31 and a current ratio of 0.31. The stock’s 50-day simple moving average is $39.47 and its 200 day simple moving average is $41.72.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.01. Charles Schwab had a return on equity of 20.52% and a net margin of 35.29%. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts predict that Charles Schwab Co. will post 2.65 earnings per share for the current fiscal year.

Charles Schwab Company Profile

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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