The Charles Schwab Corporation $SCHW Shares Bought by Sei Investments Co.

Sei Investments Co. increased its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 21.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,545,740 shares of the financial services provider’s stock after acquiring an additional 275,842 shares during the quarter. Sei Investments Co.’s holdings in Charles Schwab were worth $141,032,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHW. Princeton Global Asset Management LLC purchased a new stake in Charles Schwab during the 2nd quarter worth approximately $25,000. RMG Wealth Management LLC acquired a new stake in shares of Charles Schwab during the second quarter worth approximately $27,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Charles Schwab during the second quarter worth approximately $32,000. Hoese & Co LLP increased its stake in shares of Charles Schwab by 131.6% in the second quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock worth $32,000 after buying an additional 200 shares during the last quarter. Finally, Evelyn Partners Asset Management Ltd acquired a new stake in Charles Schwab in the second quarter valued at $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 3,072 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $98.00, for a total value of $301,056.00. Following the sale, the insider owned 11,923 shares in the company, valued at approximately $1,168,454. This trade represents a 20.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul V. Woolway sold 3,205 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $93.33, for a total value of $299,122.65. Following the transaction, the insider owned 34,778 shares of the company’s stock, valued at approximately $3,245,830.74. This represents a 8.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.30% of the stock is owned by company insiders.

Charles Schwab Stock Up 1.2%

NYSE:SCHW opened at $97.00 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average of $93.81 and a 200-day moving average of $93.34. The firm has a market capitalization of $172.36 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 0.85 and a beta of 0.96. The Charles Schwab Corporation has a 52 week low of $65.88 and a 52 week high of $99.59.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.06. The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $5.93 billion. Charles Schwab had a return on equity of 21.02% and a net margin of 35.93%.The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 EPS. Analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a dividend of $0.27 per share. The ex-dividend date was Friday, November 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. Charles Schwab’s dividend payout ratio is currently 25.29%.

Analyst Ratings Changes

SCHW has been the subject of several recent analyst reports. Cowen reissued a “buy” rating on shares of Charles Schwab in a report on Friday, October 17th. Keefe, Bruyette & Woods lifted their price target on Charles Schwab from $109.00 to $111.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Morgan Stanley boosted their price objective on Charles Schwab from $130.00 to $139.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Barclays increased their target price on Charles Schwab from $114.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Finally, JPMorgan Chase & Co. boosted their price target on Charles Schwab from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Charles Schwab presently has an average rating of “Moderate Buy” and a consensus target price of $108.58.

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.