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Recently, several institutional investors increased their shares in Charles Schwab (SCHW). Price T. Rowe Associates raised their stake by 33.4%, now owning over 69 million shares valued at $4.77 billion. Morningstar Investment Services upped their holdings by 98%, bringing their total to nearly 4.7 million shares worth $326 million. Darsana Capital Partners raised their position by 200%, while Mondrian Investment Partners increased theirs by an astonishing 28,736%. Healthcare of Ontario Pension Plan also entered with a $105.56 million stake. Institutional investors hold 84.38% of SCHW.
Insider Activity
In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares on September 17, totaling $576,450. She now owns 554,929 shares valued at $35.54 million. Another insider, Jonathan S. Beatty, sold 780 shares for $58,500. Insiders sold 99,636 shares worth $6.46 million in the last 90 days, owning 6.60% of the company.
Analyst Ratings
Recent analyst opinions on SCHW show mixed ratings. Goldman Sachs reduced its price target from $71 to $67, maintaining a “neutral” rating. Deutsche Bank raised theirs from $79 to $80, rating it a “buy.” Citigroup lowered its target from $75 to $72. Currently, there are three sell ratings, seven holds, and seven buys, with an average rating of “Hold” at a target price of $73.31.
Stock Performance
As of Thursday, SCHW traded at $63.32, down from a 12-month high of $79.49. The company has a market cap of $112.60 billion and a PE ratio of 26.49, with a net margin of 26.30% for the last quarter.
Dividends
Charles Schwab declared a quarterly dividend of $0.25, yielding 1.58%. The payout ratio stands at 41.84%.
Company Overview
The Charles Schwab Corporation provides financial services, including wealth management and securities brokerage, operating across the U.S. and internationally.
Additional Resources
See what other hedge funds are holding SCHW
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