Leavell Investment Management Inc. Increases Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Leavell Investment Management Inc. increased its stake in The Charles Schwab Co. (NYSE:SCHW) by 71.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,026 shares of the financial services provider’s stock after acquiring an additional 5,029 shares during the quarter. Leavell Investment Management Inc.’s holdings in Charles Schwab were worth $779,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of Charles Schwab during the third quarter valued at approximately $25,000. Verity Asset Management Inc. increased its position in shares of Charles Schwab by 51.3% during the third quarter. Verity Asset Management Inc. now owns 6,291 shares of the financial services provider’s stock worth $408,000 after purchasing an additional 2,133 shares in the last quarter. Mainstream Capital Management LLC acquired a new position in Charles Schwab in the 3rd quarter valued at $1,028,000. Hara Capital LLC lifted its holdings in Charles Schwab by 34.8% in the 3rd quarter. Hara Capital LLC now owns 9,612 shares of the financial services provider’s stock valued at $623,000 after purchasing an additional 2,480 shares in the last quarter. Finally, JB Capital LLC boosted its stake in Charles Schwab by 13.4% during the 3rd quarter. JB Capital LLC now owns 48,210 shares of the financial services provider’s stock worth $3,124,000 after purchasing an additional 5,687 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Up 1.0 %

NYSE:SCHW opened at $73.90 on Monday. The Charles Schwab Co. has a 52 week low of $53.49 and a 52 week high of $79.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The stock’s fifty day moving average is $67.24 and its two-hundred day moving average is $69.48. The stock has a market capitalization of $131.43 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 1.69 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. Charles Schwab’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.77 EPS. Research analysts anticipate that The Charles Schwab Co. will post 3.11 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, November 8th. Charles Schwab’s payout ratio is currently 39.06%.

Insiders Place Their Bets

In other news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the sale, the director now owns 551,329 shares of the company’s stock, valued at approximately $39,783,900.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the sale, the director now directly owns 551,329 shares in the company, valued at approximately $39,783,900.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 62,345 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the completion of the sale, the chairman now owns 60,619,371 shares in the company, valued at $4,396,116,784.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,465 shares of company stock worth $8,050,109 in the last ninety days. 6.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SCHW. TD Cowen reiterated a “hold” rating and issued a $71.00 target price (down from $88.00) on shares of Charles Schwab in a research report on Wednesday, July 17th. Jefferies Financial Group cut their price objective on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a report on Friday, October 4th. Citigroup lowered their target price on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, September 27th. Wells Fargo & Company increased their price target on Charles Schwab from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Finally, Morgan Stanley boosted their price objective on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $73.94.

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.