The Charles Schwab Corporation $SCHW Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB increased its stake in The Charles Schwab Corporation (NYSE:SCHW) by 11.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,040,864 shares of the financial services provider’s stock after purchasing an additional 305,904 shares during the period. Nordea Investment Management AB’s holdings in Charles Schwab were worth $291,436,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its holdings in Charles Schwab by 2,112.7% in the 2nd quarter. Federated Hermes Inc. now owns 181,793 shares of the financial services provider’s stock worth $16,587,000 after buying an additional 173,577 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Charles Schwab by 26.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 190,538 shares of the financial services provider’s stock worth $17,387,000 after acquiring an additional 40,275 shares during the period. Figure 8 Investment Strategies LLC bought a new position in shares of Charles Schwab in the second quarter worth $924,000. PFG Investments LLC increased its holdings in shares of Charles Schwab by 10.2% during the second quarter. PFG Investments LLC now owns 5,951 shares of the financial services provider’s stock valued at $543,000 after purchasing an additional 550 shares during the period. Finally, W.H. Cornerstone Investments Inc. bought a new stake in shares of Charles Schwab during the second quarter valued at about $246,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Price Performance

NYSE SCHW opened at $101.95 on Tuesday. The stock has a market capitalization of $181.16 billion, a P/E ratio of 23.88, a P/E/G ratio of 0.70 and a beta of 0.94. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.58 and a current ratio of 0.58. The business’s fifty day moving average is $96.51 and its two-hundred day moving average is $95.22. The Charles Schwab Corporation has a 1 year low of $65.88 and a 1 year high of $104.76.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Thursday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.06. Charles Schwab had a return on equity of 21.02% and a net margin of 35.93%.The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $5.93 billion. During the same period in the previous year, the firm earned $0.71 earnings per share. Charles Schwab’s revenue for the quarter was up 26.6% compared to the same quarter last year. On average, research analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, November 14th. Charles Schwab’s dividend payout ratio (DPR) is presently 25.29%.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 3,072 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $98.00, for a total transaction of $301,056.00. Following the sale, the insider owned 11,923 shares in the company, valued at $1,168,454. The trade was a 20.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SCHW has been the topic of several research analyst reports. Barclays raised their target price on shares of Charles Schwab from $111.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday. Wolfe Research set a $120.00 price objective on shares of Charles Schwab in a research note on Monday. Keefe, Bruyette & Woods boosted their target price on Charles Schwab from $109.00 to $111.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Cowen reaffirmed a “buy” rating on shares of Charles Schwab in a research note on Friday, October 17th. Finally, Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $111.57.

About Charles Schwab

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.