Vinva Investment Management Ltd Sells 2,765 Shares of The Charles Schwab Co. (NYSE:SCHW)

Vinva Investment Management Ltd reduced its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,828 shares of the financial services provider’s stock after selling 2,765 shares during the period. Vinva Investment Management Ltd’s holdings in Charles Schwab were worth $3,017,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Country Trust Bank bought a new stake in Charles Schwab in the second quarter worth about $26,000. Capital Performance Advisors LLP bought a new stake in Charles Schwab in the third quarter worth about $25,000. Washington Trust Advisors Inc. raised its position in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares during the period. Fortitude Family Office LLC raised its position in shares of Charles Schwab by 97.5% in 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 period. Finally, American Capital Advisory LLC bought a new stake in shares of Charles Schwab in the second quarter valued at approximately $27,000. Institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the sale, the director now owns 442,807 shares of the company’s stock, valued at $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 127,968 shares of company stock valued at $9,419,271 in the last quarter. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

SCHW stock opened at $82.60 on Friday. 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 Charles Schwab Co. has a one year low of $55.59 and a one year high of $82.65. The stock has a market cap of $147.00 billion, a PE ratio of 32.27, a P/E/G ratio of 1.79 and a beta of 0.96. The firm has a 50 day simple moving average of $72.02 and a two-hundred day simple moving average of $70.03.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the previous year, the company earned $0.77 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts predict that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. Charles Schwab’s dividend payout ratio is presently 39.06%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Jefferies Financial Group lowered their price target on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Piper Sandler boosted their price target on shares of Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on shares of Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Bank of America lowered 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $74.18.

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.