Epoch Investment Partners Inc. Has $2.10 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Epoch Investment Partners Inc. grew its holdings in The Charles Schwab Co. (NYSE:SCHW) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,437 shares of the financial services provider’s stock after buying an additional 1,415 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Charles Schwab were worth $2,096,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHW. Country Trust Bank acquired a new stake in Charles Schwab in the 2nd quarter valued at $26,000. American Capital Advisory LLC bought a new position in shares of Charles Schwab during the second quarter valued at $27,000. Fortitude Family Office LLC boosted its stake in shares of Charles Schwab by 97.5% in the 2nd 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. CGC Financial Services LLC bought a new stake in shares of Charles Schwab in the 2nd quarter worth about $29,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in shares of Charles Schwab during the 2nd quarter worth about $29,000. 84.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $61.96, for a total value of $557,640.00. Following the completion of the sale, the director now directly owns 567,057 shares of the company’s stock, valued at approximately $35,134,851.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $61.96, for a total value of $557,640.00. Following the completion of the sale, the director now owns 567,057 shares in the company, valued at approximately $35,134,851.72. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $65.20, for a total value of $74,980.00. Following the transaction, the insider now owns 61,887 shares in the company, valued at $4,035,032.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,636 shares of company stock worth $6,457,104. Insiders own 6.60% of the company’s stock.

Charles Schwab Trading Down 0.7 %

SCHW opened at $64.95 on Tuesday. The firm has a 50 day simple moving average of $64.08 and a 200 day simple moving average of $69.93. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. The company has a market cap of $115.43 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 1.19 and a beta of 0.97. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The company had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter in the previous year, the company posted $0.75 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 3.05 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.54%. The ex-dividend date was Friday, August 9th. Charles Schwab’s payout ratio is 41.84%.

Wall Street Analyst Weigh In

A number of research firms have commented on SCHW. Barclays reduced their price target on shares of Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 17th. Jefferies Financial Group increased their price target on Charles Schwab from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Piper Sandler downgraded Charles Schwab from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $80.00 to $64.00 in a research report on Monday, July 29th. TD Cowen restated a “hold” rating and set a $71.00 target price (down previously from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Finally, Bank of America cut their price target on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a report on Wednesday, July 17th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $73.75.

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.