Axa S.A. Has $12.73 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Axa S.A. raised its stake in The Charles Schwab Co. (NYSE:SCHW) by 0.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 172,707 shares of the financial services provider’s stock after buying an additional 224 shares during the quarter. Axa S.A.’s holdings in Charles Schwab were worth $12,727,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SCHW. Country Trust Bank bought a new position in Charles Schwab during the 2nd quarter valued at $26,000. Fortitude Family Office LLC lifted its position in shares of Charles Schwab by 97.5% during the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. American Capital Advisory LLC purchased a new position in Charles Schwab during the second quarter worth about $27,000. CGC Financial Services LLC bought a new stake in Charles Schwab in the 2nd quarter worth about $29,000. Finally, Mizuho Securities Co. Ltd. purchased a new stake in Charles Schwab in the 2nd quarter valued at about $29,000. Institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SCHW shares. TD Cowen reaffirmed 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. UBS Group lowered their target price on Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. JMP Securities lowered their price objective on shares of Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating on the stock in a research report on Tuesday, July 23rd. Piper Sandler downgraded Charles Schwab from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $80.00 to $64.00 in a research note on Monday, July 29th. Finally, Bank of America decreased their target price on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a research report on Wednesday, July 17th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab currently has an average rating of “Hold” and a consensus price target of $73.31.

Charles Schwab Stock Up 0.9 %

Shares of NYSE:SCHW opened at $64.42 on Friday. The company has a market cap of $114.57 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 1.21 and a beta of 0.97. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49. The firm has a fifty day moving average price of $64.10 and a two-hundred day moving average price of $69.81. 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, topping the consensus estimate of $0.72 by $0.01. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The business had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the previous year, the business earned $0.75 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. Analysts anticipate that The Charles Schwab Co. will post 3.05 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 780 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $75.00, for a total value of $58,500.00. Following the transaction, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,355,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Jonathan S. Beatty sold 780 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $75.00, for a total transaction of $58,500.00. Following the transaction, the insider now directly owns 18,069 shares in the company, valued at approximately $1,355,175. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Walter W. Bettinger bought 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was purchased at an average price of $66.26 per share, with a total value of $1,656,500.00. Following the transaction, the chief executive officer now directly owns 827,377 shares in the company, valued at $54,822,000.02. The disclosure for this purchase can be found here. Insiders sold a total of 99,636 shares of company stock worth $6,457,104 over the last three months. 6.60% of the stock is owned by insiders.

Charles Schwab 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.