The Charles Schwab Corporation $SCHW Position Increased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 18.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 286,460 shares of the financial services provider’s stock after purchasing an additional 43,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Charles Schwab were worth $26,137,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Advisory Alpha LLC boosted its holdings in shares of Charles Schwab by 5.2% during the second quarter. Advisory Alpha LLC now owns 5,258 shares of the financial services provider’s stock valued at $480,000 after acquiring an additional 258 shares during the period. SYM FINANCIAL Corp lifted its position in Charles Schwab by 14.4% in the 2nd quarter. SYM FINANCIAL Corp now owns 3,302 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 416 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Charles Schwab by 31.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 495,032 shares of the financial services provider’s stock valued at $45,167,000 after purchasing an additional 118,607 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Charles Schwab during the 2nd quarter valued at about $8,154,000. Finally, Transcend Capital Advisors LLC grew its position in Charles Schwab by 142.9% in the 2nd quarter. Transcend Capital Advisors LLC now owns 6,813 shares of the financial services provider’s stock worth $622,000 after purchasing an additional 4,008 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Peter J. Morgan III sold 50,016 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $97.00, for a total transaction of $4,851,552.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul V. Woolway sold 3,205 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $93.33, for a total value of $299,122.65. Following the completion of the transaction, the insider owned 34,778 shares of the company’s stock, valued at $3,245,830.74. This trade represents a 8.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,156 shares of company stock worth $6,686,934. Insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SCHW shares. BMO Capital Markets initiated coverage on Charles Schwab in a report on Friday, October 3rd. They set an “outperform” rating and a $110.00 price target on the stock. Morgan Stanley cut their target price on Charles Schwab to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 1st. JPMorgan Chase & Co. boosted their price target on Charles Schwab from $119.00 to $121.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Cowen reissued a “buy” rating on shares of Charles Schwab in a report on Friday, October 17th. Finally, Bank of America lifted their price objective on shares of Charles Schwab from $84.00 to $86.00 and gave the company an “underperform” rating in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $94.76 on Tuesday. The Charles Schwab Corporation has a twelve month low of $65.88 and a twelve month high of $99.59. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average of $94.40 and a two-hundred day moving average of $90.73. The company has a market capitalization of $172.01 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 0.85 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.06. Charles Schwab had a net margin of 35.93% and a return on equity of 21.26%. The company had revenue of $6.14 billion for the quarter, compared to analysts’ expectations of $5.93 billion. During the same quarter in the previous year, the company posted $0.71 EPS. The business’s revenue was up 26.6% compared to the same quarter last year. As a group, analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab announced that its board has approved a share repurchase plan on Thursday, July 24th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 11.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. Charles Schwab’s dividend payout ratio is currently 25.29%.

Charles Schwab Company 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.