Qsemble Capital Management LP Takes $682,000 Position in The Charles Schwab Co. (NYSE:SCHW)

Qsemble Capital Management LP purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,527 shares of the financial services provider’s stock, valued at approximately $682,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. B. Riley Wealth Advisors Inc. increased its holdings in shares of Charles Schwab by 4.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 39,956 shares of the financial services provider’s stock valued at $2,890,000 after purchasing an additional 1,850 shares during the period. Comerica Bank boosted its stake in shares of Charles Schwab by 0.7% in the first quarter. Comerica Bank now owns 366,519 shares of the financial services provider’s stock valued at $26,514,000 after purchasing an additional 2,491 shares during the period. Plato Investment Management Ltd grew its position in shares of Charles Schwab by 806.6% during the first quarter. Plato Investment Management Ltd now owns 23,898 shares of the financial services provider’s stock worth $1,729,000 after buying an additional 21,262 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in Charles Schwab during the first quarter valued at approximately $78,000. Finally, Kozak & Associates Inc. increased its position in Charles Schwab by 5.9% in the first quarter. Kozak & Associates Inc. now owns 131,482 shares of the financial services provider’s stock worth $10,261,000 after buying an additional 7,296 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of recent analyst reports. Morgan Stanley increased their price objective on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Bank of America dropped their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 16th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Barclays increased their price objective on Charles Schwab from $64.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Citigroup lowered their price target on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, September 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $74.18.

Charles Schwab Price Performance

Charles Schwab stock opened at $82.22 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock’s 50 day moving average is $71.28 and its 200 day moving average is $69.85. The Charles Schwab Co. has a one year low of $55.59 and a one year high of $82.50. The firm has a market cap of $146.32 billion, a P/E ratio of 32.12, a P/E/G ratio of 1.77 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. As a group, research analysts expect that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Insider Buying and Selling at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the sale, the director now owns 554,929 shares in the company, valued at approximately $35,543,202.45. This trade represents a 1.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the transaction, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,668 shares of company stock worth $9,230,648 over the last ninety days. 6.60% of the stock is currently owned by company 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.