The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Aurora Investment Counsel

Aurora Investment Counsel decreased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 29.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,933 shares of the financial services provider’s stock after selling 11,852 shares during the period. Charles Schwab accounts for 1.2% of Aurora Investment Counsel’s portfolio, making the stock its 27th largest position. Aurora Investment Counsel’s holdings in Charles Schwab were worth $2,058,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its holdings in Charles Schwab by 33.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock valued at $4,771,985,000 after buying an additional 17,369,091 shares during the period. Morningstar Investment Services LLC raised its stake in shares of Charles Schwab by 98.0% in the 4th quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock valued at $326,284,000 after acquiring an additional 2,322,156 shares during the period. Darsana Capital Partners LP lifted its holdings in shares of Charles Schwab by 200.0% during the 2nd quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock valued at $221,070,000 after acquiring an additional 2,000,000 shares in the last quarter. Mondrian Investment Partners LTD boosted its position in Charles Schwab by 28,736.1% during the 1st quarter. Mondrian Investment Partners LTD now owns 1,485,637 shares of the financial services provider’s stock worth $107,471,000 after purchasing an additional 1,480,485 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Charles Schwab in the 1st quarter valued at $105,563,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $64.81 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market capitalization of $115.19 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.21 and a beta of 0.97. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49. The company’s 50-day simple moving average is $64.10 and its 200-day simple moving average is $69.84.

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

Charles Schwab Dividend Announcement

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

Insider Buying and Selling at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the transaction, the director now directly owns 554,929 shares in the company, valued at approximately $35,543,202.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Walter W. Bettinger acquired 25,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was purchased at an average cost of $66.26 per share, for a total transaction of $1,656,500.00. Following the purchase, the chief executive officer now directly owns 827,377 shares in the company, valued at $54,822,000.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the completion of the sale, the director now owns 554,929 shares in the company, valued at $35,543,202.45. The disclosure for this sale can be found here. Insiders sold a total of 99,636 shares of company stock worth $6,457,104 over the last 90 days. Insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on SCHW shares. Jefferies Financial Group boosted their price objective on Charles Schwab from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. Deutsche Bank Aktiengesellschaft boosted their price target on Charles Schwab from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Bank of America lowered their price objective on shares of Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a research report on Wednesday, July 17th. JMP Securities reduced their target price on shares of Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating on the stock in a research report on Tuesday, July 23rd. Finally, UBS Group lowered their price target on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $73.31.

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.