Vontobel Holding Ltd. Purchases 8,497 Shares of The Charles Schwab Corporation $SCHW

Vontobel Holding Ltd. raised its position in The Charles Schwab Corporation (NYSE:SCHW) by 29.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,286 shares of the financial services provider’s stock after acquiring an additional 8,497 shares during the period. Vontobel Holding Ltd.’s holdings in Charles Schwab were worth $3,560,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SCHW. Revolve Wealth Partners LLC bought a new position in Charles Schwab in the third quarter worth $257,000. Highline Wealth Partners LLC raised its stake in shares of Charles Schwab by 3.5% in the 3rd quarter. Highline Wealth Partners LLC now owns 3,200 shares of the financial services provider’s stock valued at $306,000 after buying an additional 109 shares in the last quarter. OLD National Bancorp IN lifted its holdings in shares of Charles Schwab by 7.0% during the 3rd quarter. OLD National Bancorp IN now owns 21,787 shares of the financial services provider’s stock worth $2,080,000 after acquiring an additional 1,429 shares during the period. Trust Co. of Vermont boosted its position in shares of Charles Schwab by 33.6% during the 3rd quarter. Trust Co. of Vermont now owns 1,858 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 467 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Charles Schwab by 13.7% in the third quarter. Farther Finance Advisors LLC now owns 19,275 shares of the financial services provider’s stock valued at $1,840,000 after acquiring an additional 2,323 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.5%

NYSE SCHW opened at $101.73 on Friday. The stock’s 50 day simple moving average is $94.80 and its 200 day simple moving average is $94.09. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $102.11. The firm has a market cap of $180.77 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 0.83 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58.

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

Charles Schwab Announces Dividend

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

Insider Activity

In related news, insider Jonathan S. Beatty sold 3,072 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $98.00, for a total value of $301,056.00. Following the completion of the sale, the insider owned 11,923 shares of the company’s stock, 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 SEC, which is available at the SEC website. Also, insider Paul V. Woolway sold 3,205 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $93.33, for a total transaction of $299,122.65. Following the completion of the transaction, the insider owned 34,778 shares of the company’s stock, valued at $3,245,830.74. This trade represents a 8.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SCHW. UBS Group started coverage on shares of Charles Schwab in a research note on Thursday, December 11th. They set a “buy” rating and a $119.00 price target for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Charles Schwab in a report on Wednesday, October 8th. Bank of America boosted their price target on Charles Schwab from $88.00 to $91.00 and gave the company an “underperform” rating in a research note on Wednesday, December 10th. TD Cowen upped their price target on Charles Schwab from $129.00 to $134.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Finally, Cowen reissued a “buy” rating on shares of Charles Schwab in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $108.84.

Charles Schwab Company 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.