The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department decreased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 46.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,283 shares of the financial services provider’s stock after selling 6,396 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Charles Schwab were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHW. Natixis acquired a new stake in shares of Charles Schwab in the 1st quarter worth approximately $523,000. Capital International Investors grew its position in Charles Schwab by 47.6% in the 1st quarter. Capital International Investors now owns 1,125,330 shares of the financial services provider’s stock worth $81,406,000 after purchasing an additional 362,981 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Charles Schwab by 81.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,507,634 shares of the financial services provider’s stock worth $109,062,000 after purchasing an additional 677,276 shares during the last quarter. Gabelli Funds LLC grew its position in Charles Schwab by 5.8% in the 1st quarter. Gabelli Funds LLC now owns 52,350 shares of the financial services provider’s stock worth $3,787,000 after purchasing an additional 2,850 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Charles Schwab during the 1st quarter valued at about $154,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $80.80 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a fifty-two week low of $55.42 and a fifty-two week high of $82.50. The stock has a 50 day moving average price of $70.17 and a two-hundred day moving average price of $69.82. The company has a market capitalization of $143.80 billion, a P/E ratio of 31.56, a PEG ratio of 1.74 and a beta of 0.96.

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

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. Charles Schwab’s payout ratio is currently 39.06%.

Analyst Ratings Changes

Several brokerages recently issued reports on SCHW. Raymond James cut their price target on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their price objective on shares of Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Wells Fargo & Company boosted their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Finally, Barclays upped their price target on shares of Charles Schwab from $64.00 to $74.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab has an average rating of “Hold” and an average price target of $74.18.

Insider Activity

In other news, Chairman Charles R. Schwab sold 62,345 shares of the business’s stock in a transaction that occurred on 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 transaction, the chairman now owns 60,619,371 shares of the company’s stock, valued at approximately $4,396,116,784.92. The trade was a 0.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the transaction, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 112,929 shares of company stock valued at $8,196,624 in the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab 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.