Daiwa Securities Group Inc. Has $14.30 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Daiwa Securities Group Inc. boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 11.2% in the third quarter, Holdings Channel.com reports. The fund owned 220,709 shares of the financial services provider’s stock after buying an additional 22,259 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Charles Schwab were worth $14,304,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Washington Trust Advisors Inc. increased its stake in shares of Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Charles Schwab in the 3rd quarter valued at approximately $25,000. Country Trust Bank acquired a new position in Charles Schwab in the 2nd quarter valued at approximately $26,000. American Capital Advisory LLC acquired a new stake in shares of Charles Schwab during the second quarter worth $27,000. Finally, Fortitude Family Office LLC increased its position in shares of Charles Schwab by 97.5% during the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after buying an additional 192 shares during the period. 84.38% of the stock is owned by institutional investors.

Charles Schwab Price Performance

SCHW stock opened at $81.26 on Monday. The stock has a market cap of $144.62 billion, a PE ratio of 31.74, a P/E/G ratio of 1.76 and a beta of 0.96. 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 Charles Schwab Co. has a 12 month low of $55.59 and a 12 month high of $82.50. The company has a 50-day moving average price of $70.55 and a 200 day moving average price of $69.76.

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

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.25 per share. 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 1.23%. Charles Schwab’s payout ratio is 39.06%.

Analyst Upgrades and Downgrades

A number of research firms have commented on SCHW. Wells Fargo & Company raised their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Barclays upped their price objective on Charles Schwab from $64.00 to $74.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Bank of America lowered their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group reduced their price objective on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $74.18.

Insider Buying and Selling at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the 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 sale, the director now directly owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. This represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the transaction, the director now owns 442,807 shares of the company’s stock, valued at $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 112,929 shares of company stock worth $8,196,624. 6.60% of the stock is owned by corporate insiders.

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.