Aureus Asset Management LLC Has $44.21 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Aureus Asset Management LLC boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 682,136 shares of the financial services provider’s stock after buying an additional 16,044 shares during the quarter. Charles Schwab makes up approximately 2.9% of Aureus Asset Management LLC’s portfolio, making the stock its 10th largest holding. Aureus Asset Management LLC’s holdings in Charles Schwab were worth $44,209,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Country Trust Bank bought a new position in Charles Schwab during the second quarter worth about $26,000. Capital Performance Advisors LLP bought a new position in Charles Schwab during the third quarter worth about $25,000. Washington Trust Advisors Inc. boosted its position in Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares during the period. Fortitude Family Office LLC boosted its position in Charles Schwab by 97.5% during the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 192 shares during the period. Finally, American Capital Advisory LLC bought a new position in Charles Schwab during the second quarter worth about $27,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Up 0.2 %

Shares of SCHW opened at $82.76 on Monday. The firm’s 50 day simple moving average is $72.37 and its 200 day simple moving average is $69.97. The company has a market capitalization of $147.28 billion, a P/E ratio of 32.33, a P/E/G ratio of 1.79 and a beta of 0.96. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 1-year low of $59.61 and a 1-year high of $83.35.

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

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Insiders Place Their Bets

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the transaction, the director now owns 554,929 shares in the company, valued at approximately $35,543,202.45. This trade represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at $1,481,838.69. This represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 127,968 shares of company stock valued at $9,419,271. 6.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of research reports. Cowen increased their target price on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods raised their price objective on shares of Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. JMP Securities raised their price objective on shares of Charles Schwab from $82.00 to $84.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, 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 research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $75.56.

Charles Schwab Company 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.