Fort Washington Investment Advisors Inc. OH Sells 4,289 Shares of The Charles Schwab Co. (NYSE:SCHW)

Fort Washington Investment Advisors Inc. OH lowered its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 67,941 shares of the financial services provider’s stock after selling 4,289 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in The Charles Schwab were worth $2,462,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised its stake in shares of The Charles Schwab by 23.2% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,543 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 291 shares during the last quarter. World Asset Management Inc raised its stake in shares of The Charles Schwab by 1.0% during the third quarter. World Asset Management Inc now owns 30,828 shares of the financial services provider’s stock valued at $1,117,000 after acquiring an additional 295 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in shares of The Charles Schwab by 3.1% during the second quarter. Checchi Capital Advisers LLC now owns 9,936 shares of the financial services provider’s stock valued at $335,000 after acquiring an additional 297 shares during the last quarter. Birmingham Capital Management Co. Inc. AL increased its position in shares of The Charles Schwab by 1.0% during the second quarter. Birmingham Capital Management Co. Inc. AL now owns 30,385 shares of the financial services provider’s stock worth $1,025,000 after buying an additional 300 shares during the period. Finally, IFP Advisors Inc increased its position in shares of The Charles Schwab by 7.9% during the third quarter. IFP Advisors Inc now owns 4,205 shares of the financial services provider’s stock worth $153,000 after buying an additional 307 shares during the period. 85.31% of the stock is owned by hedge funds and other institutional investors.

SCHW has been the topic of a number of recent analyst reports. Bank of America raised their price target on shares of The Charles Schwab from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, October 16th. Credit Suisse Group raised their price target on shares of The Charles Schwab from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday, November 3rd. Raymond James reissued a “hold” rating on shares of The Charles Schwab in a research report on Thursday, August 6th. TheStreet raised shares of The Charles Schwab from a “c” rating to a “b-” rating in a research report on Thursday, October 8th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised shares of The Charles Schwab from a “neutral” rating to a “buy” rating and raised their price target for the company from $44.00 to $54.00 in a research report on Tuesday, November 17th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The Charles Schwab has a consensus rating of “Hold” and a consensus target price of $46.75.

NYSE SCHW opened at $46.61 on Friday. The company’s 50 day moving average is $40.85 and its 200-day moving average is $36.58. The firm has a market cap of $87.46 billion, a P/E ratio of 21.58 and a beta of 1.13. The Charles Schwab Co. has a 12-month low of $28.00 and a 12-month high of $51.65. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.33.

The Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Thursday, October 15th. The financial services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.43 billion. The Charles Schwab had a net margin of 29.80% and a return on equity of 14.02%. The Charles Schwab’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.70 earnings per share. Equities analysts expect that The Charles Schwab Co. will post 2.17 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.72 annualized dividend and a yield of 1.54%. The Charles Schwab’s dividend payout ratio is currently 26.47%.

In related news, Chairman Charles R. Schwab sold 66,288 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $37.74, for a total transaction of $2,501,709.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan M. Craig sold 6,326 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $40.00, for a total transaction of $253,040.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 799,560 shares of company stock valued at $36,762,640. 10.80% of the stock is owned by corporate insiders.

The Charles Schwab Company 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 The Charles Schwab (NYSE:SCHW)

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