The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec grew its holdings in The Charles Schwab Co. (NYSE:SCHW) by 141.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,099,801 shares of the financial services provider’s stock after acquiring an additional 644,440 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Charles Schwab were worth $71,278,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SCHW. Auxier Asset Management purchased a new position in Charles Schwab during the third quarter valued at approximately $522,000. William Allan Corp increased its holdings in Charles Schwab by 1.0% in the third quarter. William Allan Corp now owns 49,155 shares of the financial services provider’s stock valued at $3,186,000 after buying an additional 482 shares in the last quarter. Icon Wealth Advisors LLC raised its position in shares of Charles Schwab by 4.2% in the third quarter. Icon Wealth Advisors LLC now owns 5,514 shares of the financial services provider’s stock worth $357,000 after acquiring an additional 222 shares during the period. Providence Wealth Advisors LLC boosted its stake in shares of Charles Schwab by 2.4% during the 3rd quarter. Providence Wealth Advisors LLC now owns 16,807 shares of the financial services provider’s stock worth $1,203,000 after acquiring an additional 400 shares in the last quarter. Finally, Financial Counselors Inc. grew its position in shares of Charles Schwab by 5.5% during the 3rd quarter. Financial Counselors Inc. now owns 275,976 shares of the financial services provider’s stock valued at $17,886,000 after acquiring an additional 14,495 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. 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 90 days. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 0.2 %

NYSE:SCHW opened at $82.76 on Friday. The Charles Schwab Co. has a 52 week low of $59.61 and a 52 week high of $83.35. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average is $72.37 and its two-hundred day moving average is $70.03. The stock has a market capitalization of $147.28 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 1.79 and a beta of 0.96.

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

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.25 per share. The ex-dividend date 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 presently 39.06%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SCHW shares. Wells Fargo & Company boosted their price objective on Charles Schwab from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Cowen boosted their price target 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. Jefferies Financial Group decreased their price objective on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, October 4th. JPMorgan Chase & Co. boosted their target price 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. Finally, The Goldman Sachs Group raised their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and a consensus price target 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.