Blue Whale Capital LLP Sells 986,014 Shares of The Charles Schwab Co. (NYSE:SCHW)

Blue Whale Capital LLP decreased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 80.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 240,986 shares of the financial services provider’s stock after selling 986,014 shares during the period. Charles Schwab makes up about 1.2% of Blue Whale Capital LLP’s holdings, making the stock its 19th largest holding. Blue Whale Capital LLP’s holdings in Charles Schwab were worth $15,618,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SCHW. Washington Trust Advisors Inc. raised its position in Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Charles Schwab during the third quarter valued at about $25,000. Country Trust Bank purchased a new stake in Charles Schwab during the second quarter valued at about $26,000. American Capital Advisory LLC purchased a new stake in Charles Schwab during the second quarter valued at about $27,000. Finally, Fortitude Family Office LLC raised its position in Charles Schwab by 97.5% during the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $81.26 on Monday. The Charles Schwab Co. has a twelve month low of $55.59 and a twelve month high of $82.50. The firm has a market cap of $144.62 billion, a P/E ratio of 31.74, a PEG ratio of 1.76 and a beta of 0.96. The company has a 50 day moving average of $70.55 and a 200 day moving average of $69.76. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

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

Charles Schwab Announces Dividend

The business also recently announced 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 dividend payout ratio is presently 39.06%.

Wall Street Analyst Weigh In

Several research firms have recently commented on SCHW. Barclays lifted their price objective on Charles Schwab from $64.00 to $74.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Cowen lifted their price objective on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. JMP Securities lifted their price objective on Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 16th. Wells Fargo & Company lifted their price objective on Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Charles Schwab has an average rating of “Hold” and a consensus target price of $74.18.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s 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 completion of the sale, the director now directly owns 554,929 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 112,929 shares of company stock worth $8,196,624. 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.