Healthcare of Ontario Pension Plan Trust Fund Grows Holdings in The Charles Schwab Co. (NYSE:SCHW)

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 112.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,402,400 shares of the financial services provider’s stock after buying an additional 740,800 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.08% of Charles Schwab worth $90,890,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHW. WorthPointe LLC acquired a new stake in shares of Charles Schwab during the 3rd quarter valued at approximately $225,000. Bridgewater Associates LP acquired a new stake in shares of Charles Schwab during the 3rd quarter valued at approximately $1,754,000. Cynosure Group LLC raised its position in shares of Charles Schwab by 4.7% during the 3rd quarter. Cynosure Group LLC now owns 11,480 shares of the financial services provider’s stock valued at $744,000 after acquiring an additional 516 shares in the last quarter. Goodman Financial Corp raised its position in shares of Charles Schwab by 2.0% during the 3rd quarter. Goodman Financial Corp now owns 208,988 shares of the financial services provider’s stock valued at $13,544,000 after acquiring an additional 4,026 shares in the last quarter. Finally, North Peak Capital Management LLC raised its position in shares of Charles Schwab by 6.4% during the 3rd quarter. North Peak Capital Management LLC now owns 1,897,155 shares of the financial services provider’s stock valued at $122,955,000 after acquiring an additional 114,280 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Trading Up 0.6 %

NYSE:SCHW opened at $82.22 on Wednesday. The Charles Schwab Co. has a 1 year low of $55.59 and a 1 year high of $82.50. The stock has a market cap of $146.32 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 1.77 and a beta of 0.96. The business has a fifty day moving average of $71.28 and a 200-day moving average of $69.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last released its quarterly 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. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the prior year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts predict that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors 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 annualized dividend and a yield of 1.22%. Charles Schwab’s dividend payout ratio is currently 39.06%.

Insider Activity 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 stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the completion of the transaction, the director now owns 554,929 shares in the company, valued at $35,543,202.45. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the transaction, the chairman now owns 60,619,371 shares of the company’s stock, valued at $4,396,116,784.92. This trade represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 125,668 shares of company stock valued at $9,230,648 over the last 90 days. 6.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SCHW. Bank of America dropped their price target on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upped their price target on Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Barclays increased their target price on Charles Schwab from $64.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group increased their target price on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and an average target price of $74.18.

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.