Versant Capital Management Inc Boosts Stake in The Charles Schwab Co. (NYSE:SCHW)

Versant Capital Management Inc boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 302.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 555 shares of the financial services provider’s stock after buying an additional 417 shares during the period. Versant Capital Management Inc’s holdings in Charles Schwab were worth $41,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SCHW. Nelson Capital Management LLC increased its position in shares of Charles Schwab by 0.4% in the 1st quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider’s stock valued at $2,729,000 after acquiring an additional 141 shares during the period. Abbrea Capital LLC increased its position in shares of Charles Schwab by 2.5% in the 1st quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider’s stock valued at $418,000 after acquiring an additional 142 shares during the period. Sweet Financial Partners LLC increased its position in shares of Charles Schwab by 3.5% in the 1st quarter. Sweet Financial Partners LLC now owns 4,430 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 150 shares during the period. Ironwood Financial llc increased its position in shares of Charles Schwab by 1.6% in the 1st quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after acquiring an additional 160 shares during the period. Finally, Sculati Wealth Management LLC increased its position in shares of Charles Schwab by 0.4% in the 4th quarter. Sculati Wealth Management LLC now owns 42,971 shares of the financial services provider’s stock valued at $2,956,000 after acquiring an additional 165 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

SCHW stock traded up $0.51 during mid-day trading on Tuesday, reaching $62.80. The company’s stock had a trading volume of 7,690,532 shares, compared to its average volume of 8,036,733. The stock has a market cap of $111.61 billion, a PE ratio of 26.28, a P/E/G ratio of 1.18 and a beta of 0.99. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. The company’s 50 day moving average is $70.80 and its two-hundred day moving average is $70.05.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.65%. Charles Schwab’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. Equities research analysts expect that The Charles Schwab Co. will post 3.09 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be issued a $0.25 dividend. The ex-dividend date is Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.59%. Charles Schwab’s payout ratio is 41.84%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SCHW. JPMorgan Chase & Co. cut their target price on Charles Schwab from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Charles Schwab from $84.00 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. StockNews.com lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Jefferies Financial Group upped their price target on shares of Charles Schwab from $85.00 to $88.00 and gave the company a “buy” rating in a report on Monday, July 8th. Finally, UBS Group lowered their price target on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $74.27.

Insider Transactions at Charles Schwab

In related news, insider Bernard J. Clark sold 77,431 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total value of $5,492,955.14. Following the sale, the insider now directly owns 121,666 shares in the company, valued at approximately $8,630,986.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Charles Schwab news, insider Bernard J. Clark sold 77,431 shares of Charles Schwab stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total value of $5,492,955.14. Following the completion of the transaction, the insider now directly owns 121,666 shares of the company’s stock, valued at approximately $8,630,986.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Walter W. Bettinger acquired 25,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was bought at an average price of $66.26 per share, with a total value of $1,656,500.00. Following the purchase, the chief executive officer now directly owns 827,377 shares in the company, valued at approximately $54,822,000.02. The disclosure for this purchase can be found here. Insiders sold 273,586 shares of company stock worth $19,570,869 in the last 90 days. Insiders own 6.60% of the company’s stock.

Charles Schwab Company Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.