Mondrian Investment Partners LTD Grows Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Mondrian Investment Partners LTD grew its stake in The Charles Schwab Co. (NYSE:SCHW) by 11.2% in the second quarter, Holdings Channel.com reports. The firm owned 1,651,666 shares of the financial services provider’s stock after acquiring an additional 166,029 shares during the quarter. Charles Schwab makes up approximately 1.9% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 24th biggest position. Mondrian Investment Partners LTD’s holdings in Charles Schwab were worth $121,711,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gryphon Financial Partners LLC acquired a new stake in Charles Schwab in the 4th quarter valued at approximately $466,000. Financial Advocates Investment Management purchased a new position in Charles Schwab during the 4th quarter valued at about $296,000. Level Four Advisory Services LLC grew its position in Charles Schwab by 11.9% in the 4th quarter. Level Four Advisory Services LLC now owns 7,743 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 822 shares in the last quarter. Gladstone Institutional Advisory LLC increased its stake in Charles Schwab by 45.1% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 14,875 shares of the financial services provider’s stock worth $1,023,000 after purchasing an additional 4,622 shares during the period. Finally, Coldstream Capital Management Inc. lifted its position in shares of Charles Schwab by 24.9% during the fourth quarter. Coldstream Capital Management Inc. now owns 17,312 shares of the financial services provider’s stock worth $1,191,000 after purchasing an additional 3,447 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SCHW. Piper Sandler lowered shares of Charles Schwab from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $80.00 to $64.00 in a report on Monday, July 29th. TD Cowen reiterated a “hold” rating and issued a $71.00 target price (down from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Jefferies Financial Group upped their price target on Charles Schwab from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, July 8th. JMP Securities decreased their price objective on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a research note on Tuesday, July 23rd. Finally, StockNews.com lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $73.75.

Charles Schwab Stock Performance

Shares of SCHW opened at $63.84 on Wednesday. The stock has a market capitalization of $113.46 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97. The Charles Schwab Co. has a 12-month low of $48.66 and a 12-month high of $79.49. The business’s fifty day moving average price is $64.93 and its 200 day moving average price is $70.03. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $0.75 EPS. Equities research analysts forecast that The Charles Schwab Co. will post 3.05 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insiders Place Their Bets

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $72.49, for a total transaction of $652,410.00. Following the completion of the sale, the director now directly owns 570,657 shares of the company’s stock, valued at $41,366,925.93. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Charles Schwab news, President Richard A. Wurster bought 10,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was bought at an average cost of $62.05 per share, with a total value of $620,500.00. Following the completion of the transaction, the president now directly owns 144,228 shares of the company’s stock, valued at approximately $8,949,347.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $72.49, for a total value of $652,410.00. Following the transaction, the director now directly owns 570,657 shares in the company, valued at approximately $41,366,925.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,636 shares of company stock worth $6,533,064. 6.60% of the stock is owned by corporate insiders.

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.