World Investment Advisors LLC Acquires New Position in The Charles Schwab Co. (NYSE:SCHW)

World Investment Advisors LLC bought a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 142,124 shares of the financial services provider’s stock, valued at approximately $9,211,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Darsana Capital Partners LP grew its position in shares of Charles Schwab by 200.0% during the second quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock worth $221,070,000 after buying an additional 2,000,000 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Charles Schwab by 6.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock worth $1,858,706,000 after acquiring an additional 1,711,312 shares in the last quarter. AustralianSuper Pty Ltd increased its position in shares of Charles Schwab by 2,617.6% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock valued at $110,681,000 after purchasing an additional 1,644,931 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Charles Schwab in the 3rd quarter valued at $86,845,000. Finally, International Assets Investment Management LLC lifted its position in shares of Charles Schwab by 7,559.9% during the 3rd quarter. International Assets Investment Management LLC now owns 889,779 shares of the financial services provider’s stock worth $57,667,000 after purchasing an additional 878,163 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the transaction, the director now directly owns 442,807 shares in the company, valued at approximately $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,481,838.69. The trade was a 11.29 % 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 worth $9,419,271 over the last 90 days. Company insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SCHW shares. Barclays raised Charles Schwab from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $74.00 to $95.00 in a report on Monday. JPMorgan Chase & Co. raised their target price on Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Bank of America lowered their price target on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a report on Wednesday, October 16th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, JMP Securities restated a “market outperform” rating and issued a $94.00 target price (up previously from $84.00) on shares of Charles Schwab in a report on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and an average target price of $79.75.

Charles Schwab Stock Performance

NYSE SCHW opened at $82.83 on Friday. The business’s 50-day moving average price is $75.55 and its 200 day moving average price is $70.41. The Charles Schwab Co. has a 52-week low of $59.67 and a 52-week high of $83.35. The firm has a market cap of $147.41 billion, a P/E ratio of 32.36, a P/E/G ratio of 1.79 and a beta of 0.96. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

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

Charles Schwab Announces Dividend

The company also recently declared 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 of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.21%. Charles Schwab’s dividend payout ratio is currently 39.06%.

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.