New England Research & Management Inc. Has $771,000 Position in The Charles Schwab Co. (NYSE:SCHW)

New England Research & Management Inc. lowered its position in The Charles Schwab Co. (NYSE:SCHW) by 53.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,900 shares of the financial services provider’s stock after selling 13,700 shares during the quarter. New England Research & Management Inc.’s holdings in Charles Schwab were worth $771,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SCHW. Country Trust Bank acquired a new stake in shares of Charles Schwab during the 2nd quarter worth about $26,000. American Capital Advisory LLC acquired a new stake in shares of Charles Schwab during the 2nd quarter worth about $27,000. Fortitude Family Office LLC lifted its stake in shares of Charles Schwab by 97.5% during the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after buying an additional 192 shares during the last quarter. CGC Financial Services LLC acquired a new stake in shares of Charles Schwab during 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. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of recent research reports. Morgan Stanley lowered their price target on shares of Charles Schwab from $70.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Monday. The Goldman Sachs Group lowered their price target on shares of Charles Schwab from $71.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, September 26th. Bank of America lowered their price target on shares of Charles Schwab from $72.00 to $66.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 17th. Wells Fargo & Company started coverage on shares of Charles Schwab in a research report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price target on the stock. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a report on Thursday, August 22nd. Three 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. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and an average price target of $72.25.

Charles Schwab Trading Down 0.7 %

SCHW traded down $0.46 during trading on Monday, reaching $64.29. 6,543,823 shares of the company’s stock were exchanged, compared to its average volume of 8,013,831. The firm has a fifty day moving average price of $63.97 and a two-hundred day moving average price of $69.72. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49. The stock has a market capitalization of $114.34 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.29 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS. As a group, equities research analysts forecast that The Charles Schwab Co. will post 3.06 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 dividend of $0.25 per share. The ex-dividend date was Friday, August 9th. This represents a $1.00 annualized dividend and a yield of 1.56%. Charles Schwab’s payout ratio is 41.84%.

Insiders Place Their Bets

In other Charles Schwab news, President Richard A. Wurster acquired 10,000 shares of the stock in a transaction on Wednesday, July 17th. The shares were purchased at an average price of $62.05 per share, for a total transaction of $620,500.00. Following the completion of the acquisition, the president now owns 144,228 shares in the company, valued at approximately $8,949,347.40. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Walter W. Bettinger bought 25,000 shares of the stock in a transaction dated Wednesday, July 17th. The stock was bought at an average price of $66.26 per share, for a total transaction of $1,656,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 827,377 shares in the company, valued at approximately $54,822,000.02. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Richard A. Wurster bought 10,000 shares of the stock in a transaction dated Wednesday, July 17th. The stock was purchased at an average price of $62.05 per share, with a total value of $620,500.00. Following the acquisition, the president now owns 144,228 shares of the company’s stock, valued at $8,949,347.40. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 99,636 shares of company stock worth $6,457,104. 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.