Bamco Inc. NY Has $471.12 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Bamco Inc. NY cut its holdings in The Charles Schwab Co. (NYSE:SCHW) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,269,280 shares of the financial services provider’s stock after selling 105,401 shares during the quarter. Charles Schwab comprises 1.3% of Bamco Inc. NY’s holdings, making the stock its 15th biggest position. Bamco Inc. NY owned approximately 0.41% of Charles Schwab worth $471,122,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Darsana Capital Partners LP raised its holdings in Charles Schwab by 200.0% during the second quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock worth $221,070,000 after acquiring an additional 2,000,000 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Charles Schwab by 6.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock valued at $1,858,706,000 after purchasing an additional 1,711,312 shares during the period. AustralianSuper Pty Ltd lifted its stake in Charles Schwab by 2,617.6% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock valued at $110,681,000 after purchasing an additional 1,644,931 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Charles Schwab by 7,559.9% during the third quarter. International Assets Investment Management LLC now owns 889,779 shares of the financial services provider’s stock worth $57,667,000 after purchasing an additional 878,163 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Charles Schwab by 112.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,402,400 shares of the financial services provider’s stock worth $90,890,000 after buying an additional 740,800 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SCHW. Bank of America cut their price objective on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research report on Wednesday, October 16th. Barclays lifted their price objective on shares of Charles Schwab from $64.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. JMP Securities increased their price objective on shares of Charles Schwab from $82.00 to $84.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 16th. Cowen lifted their target price on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. increased their price target on shares of Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $75.56.

Charles Schwab Trading Up 0.2 %

Shares of SCHW stock opened at $82.76 on Monday. The stock has a 50 day simple moving average of $72.37 and a 200 day simple moving average of $69.97. The Charles Schwab Co. has a 1 year low of $59.61 and a 1 year high of $83.35. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market cap of $147.28 billion, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 1.79 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. Charles Schwab’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 EPS. On average, research analysts predict that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

Insider Buying and Selling at Charles Schwab

In other news, Chairman Charles R. Schwab sold 62,345 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the sale, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. The trade was a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now directly owns 554,929 shares of the company’s stock, valued at $35,543,202.45. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 127,968 shares of company stock worth $9,419,271 over the last three months. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab 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.