The Charles Schwab Co. (NYSE:SCHW) is Teewinot Capital Advisers L.L.C.’s 7th Largest Position

Teewinot Capital Advisers L.L.C. increased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 9.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 775,161 shares of the financial services provider’s stock after buying an additional 64,041 shares during the quarter. Charles Schwab accounts for approximately 5.6% of Teewinot Capital Advisers L.L.C.’s holdings, making the stock its 7th biggest position. Teewinot Capital Advisers L.L.C.’s holdings in Charles Schwab were worth $57,122,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Country Trust Bank acquired a new stake in shares of Charles Schwab during the 2nd quarter valued at $26,000. American Capital Advisory LLC purchased a new stake in shares of Charles Schwab during the second quarter worth $27,000. Fortitude Family Office LLC boosted 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 during the last quarter. CGC Financial Services LLC purchased a new position in Charles Schwab in the second quarter valued at about $29,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in Charles Schwab in the 2nd quarter worth about $29,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SCHW has been the subject of several research reports. Citigroup reduced their price target on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Friday. JMP Securities reduced their target price on shares of Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a research note on Tuesday, July 23rd. Wells Fargo & Company started coverage on shares of Charles Schwab in a research note on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price target on the stock. Barclays reduced their price objective on shares of Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Charles Schwab from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $73.31.

Charles Schwab Trading Up 0.9 %

Shares of Charles Schwab stock opened at $64.42 on Monday. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49. The company’s fifty day simple moving average is $64.10 and its 200-day simple moving average is $69.86. The company has a market cap of $114.57 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 1.21 and a beta of 0.97. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The business’s revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts expect that The Charles Schwab Co. will post 3.05 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a $0.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.55%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 780 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $75.00, for a total value of $58,500.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,355,175. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Charles Schwab news, insider Jonathan S. Beatty sold 780 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $75.00, for a total transaction of $58,500.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at $1,355,175. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $65.20, for a total value of $74,980.00. Following the sale, the insider now directly owns 61,887 shares in the company, valued at $4,035,032.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 99,636 shares of company stock valued at $6,457,104. 6.60% of the stock is owned by corporate insiders.

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.