Rothschild & Co. Asset Management US Inc. Grows Stock Position in Charles Schwab Co. (NYSE:SCHW)

Rothschild & Co. Asset Management US Inc. raised its holdings in Charles Schwab Co. (NYSE:SCHW) by 64.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,054,678 shares of the financial services provider’s stock after buying an additional 412,124 shares during the quarter. Rothschild & Co. Asset Management US Inc. owned about 0.08% of Charles Schwab worth $42,387,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC raised its stake in shares of Charles Schwab by 133.3% in the second quarter. FNY Investment Advisers LLC now owns 700 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 400 shares during the last quarter. Quantamental Technologies LLC purchased a new position in shares of Charles Schwab in the first quarter worth about $32,000. Berman Capital Advisors LLC raised its stake in shares of Charles Schwab by 260.7% in the first quarter. Berman Capital Advisors LLC now owns 1,046 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 756 shares during the last quarter. Spectrum Management Group Inc. raised its stake in shares of Charles Schwab by 44.5% in the first quarter. Spectrum Management Group Inc. now owns 1,071 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 330 shares during the last quarter. Finally, First PREMIER Bank purchased a new position in shares of Charles Schwab in the second quarter worth about $49,000. Institutional investors own 79.00% of the company’s stock.

SCHW stock traded down $2.22 during trading on Monday, hitting $38.53. 678,900 shares of the company traded hands, compared to its average volume of 9,855,104. The stock’s 50-day moving average is $41.29. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $54.40 billion, a P/E ratio of 15.80, a PEG ratio of 2.68 and a beta of 1.25. Charles Schwab Co. has a 1 year low of $37.83 and a 1 year high of $52.70.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.01. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.68 billion. Charles Schwab had a return on equity of 20.60% and a net margin of 35.29%. Charles Schwab’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $0.60 earnings per share. Research analysts predict that Charles Schwab Co. will post 2.68 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, August 8th. Charles Schwab’s dividend payout ratio is currently 27.76%.

In other Charles Schwab news, EVP Jonathan M. Craig sold 3,740 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $40.20, for a total value of $150,348.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen T. Mclin sold 4,356 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $43.85, for a total value of $191,010.60. Following the completion of the sale, the director now directly owns 7,592 shares in the company, valued at $332,909.20. The disclosure for this sale can be found here. 10.90% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on SCHW. Wells Fargo & Co upgraded Charles Schwab from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research note on Monday, July 22nd. Bank of America cut Charles Schwab from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $49.00 to $43.00 in a research note on Friday, July 12th. Keefe, Bruyette & Woods cut Charles Schwab from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $51.00 to $43.50 in a research note on Friday, July 12th. Deutsche Bank cut Charles Schwab from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $52.00 to $43.00 in a research note on Tuesday, June 18th. Finally, Morgan Stanley reduced their price objective on Charles Schwab from $53.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $47.80.

Charles Schwab Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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