Radnor Capital Management LLC Acquires New Position in The Charles Schwab Co. (NYSE:SCHW)

Radnor Capital Management LLC acquired a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 93,827 shares of the financial services provider’s stock, valued at approximately $6,081,000. Charles Schwab makes up about 0.9% of Radnor Capital Management LLC’s investment portfolio, making the stock its 16th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Country Trust Bank purchased a new position in Charles Schwab during the second quarter valued at approximately $26,000. Fortitude Family Office LLC grew its position in Charles Schwab by 97.5% during the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. American Capital Advisory LLC purchased a new position in Charles Schwab during the second quarter valued at approximately $27,000. CGC Financial Services LLC purchased a new position in Charles Schwab during the second quarter valued at approximately $29,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in Charles Schwab during the second quarter valued at approximately $29,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $72.16, for a total value of $2,150,368.00. Following the sale, the director now owns 551,329 shares of the company’s stock, valued at approximately $39,783,900.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $72.16, for a total value of $2,150,368.00. Following the sale, the director now owns 551,329 shares of the company’s stock, valued at approximately $39,783,900.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 62,345 shares of the company’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 completion of 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 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,465 shares of company stock valued at $8,050,109. 6.60% of the stock is owned by insiders.

Charles Schwab Trading Up 0.5 %

Shares of Charles Schwab stock opened at $71.33 on Wednesday. The firm has a market capitalization of $126.86 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42. The company’s fifty day moving average price is $66.67 and its two-hundred day moving average price is $69.45. The Charles Schwab Co. has a 52-week low of $53.49 and a 52-week high of $79.49.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 EPS. On average, analysts expect that The Charles Schwab Co. will post 3.11 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Wall Street Analyst Weigh In

SCHW has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Charles Schwab from $77.00 to $76.00 in a research report on Tuesday, October 15th. Morgan Stanley boosted their target price on shares of Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Jefferies Financial Group decreased their target price on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $73.94.

About Charles Schwab

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.