Todays Report: Today, The Charles Schwab Corp. (SCHW) Stake Increased by TIAA CREF Trust Co. FSB MO

Today, The Charles Schwab Corp. (SCHW) Stake Increased by TIAA CREF Trust Co. FSB MO

TIAA CREF Trust Co. FSB MO raised its position in The Charles Schwab Corp. (NYSE:SCHW) by 13.5% during the third quarter, Holdings Channel reports. The fund owned 22,531 shares of the company’s stock after buying an additional 2,679 shares during the period. TIAA CREF Trust Co. FSB MO’s holdings in The Charles Schwab Corp. were worth $711,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SCHW. Lenox Wealth Management Inc. boosted its stake in The Charles Schwab Corp. by 12.1% in the second quarter. Lenox Wealth Management Inc. now owns 4,126 shares of the company’s stock worth $104,000 after buying an additional 445 shares during the last quarter. Reilly Financial Advisors LLC boosted its stake in The Charles Schwab Corp. by 10.4% in the second quarter. Reilly Financial Advisors LLC now owns 4,248 shares of the company’s stock worth $108,000 after buying an additional 400 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in The Charles Schwab Corp. by 33.9% in the second quarter. Integrated Investment Consultants LLC now owns 4,943 shares of the company’s stock worth $125,000 after buying an additional 1,252 shares during the last quarter. Financial Architects Inc boosted its stake in The Charles Schwab Corp. by 10.6% in the third quarter. Financial Architects Inc now owns 4,168 shares of the company’s stock worth $132,000 after buying an additional 400 shares during the last quarter. Finally, Cornerstone Advisors Inc. boosted its stake in The Charles Schwab Corp. by 38.0% in the third quarter. Cornerstone Advisors Inc. now owns 4,482 shares of the company’s stock worth $141,000 after buying an additional 1,235 shares during the last quarter. Institutional investors own 76.52% of the company’s stock.

Shares of The Charles Schwab Corp. (NYSE:SCHW) traded down 1.00% during mid-day trading on Monday, reaching $38.60. The company’s stock had a trading volume of 3,097,815 shares. The company’s 50-day moving average price is $33.68 and its 200-day moving average price is $30.28. The Charles Schwab Corp. has a 12-month low of $21.51 and a 12-month high of $39.22. The stock has a market capitalization of $51.17 billion, a P/E ratio of 31.13 and a beta of 1.68.

The Charles Schwab Corp. (NYSE:SCHW) last issued its earnings results on Monday, October 17th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.89 billion. The Charles Schwab Corp. had a return on equity of 13.64% and a net margin of 24.77%. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. On average, equities research analysts forecast that The Charles Schwab Corp. will post $1.29 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 14th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.72%. The ex-dividend date is Wednesday, November 9th. The Charles Schwab Corp.’s dividend payout ratio (DPR) is presently 22.95%.

A number of brokerages recently issued reports on SCHW. Jefferies Group restated a “buy” rating on shares of The Charles Schwab Corp. in a research note on Friday, August 5th. Barclays PLC boosted their price objective on The Charles Schwab Corp. from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, August 9th. Wells Fargo & Co. restated a “market perform” rating on shares of The Charles Schwab Corp. in a research note on Tuesday, October 18th. Deutsche Bank AG boosted their price objective on The Charles Schwab Corp. from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Finally, Zacks Investment Research upgraded The Charles Schwab Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The Charles Schwab Corp. currently has an average rating of “Buy” and a consensus price target of $33.69.

In other The Charles Schwab Corp. news, insider Marie A. Chandoha sold 6,076 shares of The Charles Schwab Corp. stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $32.00, for a total value of $194,432.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Walter W. Bettinger sold 612,000 shares of The Charles Schwab Corp. stock in a transaction that occurred on Wednesday, October 19th. The stock was sold at an average price of $32.65, for a total value of $19,981,800.00. Following the completion of the sale, the insider now directly owns 956,459 shares in the company, valued at approximately $31,228,386.35. The disclosure for this sale can be found here. Corporate insiders own 12.60% of the company’s stock.

About The Charles Schwab Corp.

The Charles Schwab Corporation is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

Related posts

Leave a Comment