Andra AP fonden cut its stake in Charles Schwab Co. (NYSE:SCHW) by 12.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,600 shares of the financial services provider’s stock after selling 11,900 shares during the period. Andra AP fonden’s holdings in Charles Schwab were worth $3,371,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Stifel Financial Corp increased its position in Charles Schwab by 12.7% in the third quarter. Stifel Financial Corp now owns 1,114,479 shares of the financial services provider’s stock worth $46,608,000 after buying an additional 125,708 shares during the period. Redpoint Investment Management Pty Ltd increased its holdings in shares of Charles Schwab by 39.3% during the third quarter. Redpoint Investment Management Pty Ltd now owns 42,981 shares of the financial services provider’s stock valued at $1,798,000 after purchasing an additional 12,116 shares during the period. Voya Financial Advisors Inc. increased its holdings in shares of Charles Schwab by 12.3% during the third quarter. Voya Financial Advisors Inc. now owns 27,970 shares of the financial services provider’s stock valued at $1,158,000 after purchasing an additional 3,058 shares during the period. Colony Group LLC increased its holdings in shares of Charles Schwab by 9.0% during the third quarter. Colony Group LLC now owns 11,247 shares of the financial services provider’s stock valued at $470,000 after purchasing an additional 928 shares during the period. Finally, Psagot Investment House Ltd. increased its holdings in shares of Charles Schwab by 5.9% during the third quarter. Psagot Investment House Ltd. now owns 5,942 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 332 shares during the period. 78.85% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the company. Wells Fargo & Co reissued a “hold” rating on shares of Charles Schwab in a report on Tuesday, November 26th. Deutsche Bank raised their price target on Charles Schwab from $35.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Citigroup raised their price target on Charles Schwab from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Credit Suisse Group lowered their price target on Charles Schwab from $55.00 to $49.00 and set an “outperform” rating on the stock in a report on Tuesday, October 1st. Finally, Barclays raised Charles Schwab from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $35.00 to $49.00 in a report on Wednesday, November 27th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $45.78.

In related news, EVP Peter J. Morgan III sold 624 shares of Charles Schwab stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $49.70, for a total transaction of $31,012.80. Following the transaction, the executive vice president now directly owns 13,556 shares of the company’s stock, valued at $673,733.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Peter J. Morgan III sold 2,500 shares of Charles Schwab stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $49.02, for a total value of $122,550.00. Following the transaction, the executive vice president now directly owns 14,180 shares in the company, valued at $695,103.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 532,708 shares of company stock worth $24,395,161. 10.90% of the stock is owned by corporate insiders.

NYSE:SCHW opened at $49.57 on Tuesday. The business’s 50-day moving average price is $43.55 and its 200 day moving average price is $41.28. The firm has a market cap of $63.47 billion, a P/E ratio of 20.23, a PEG ratio of 3.11 and a beta of 1.40. Charles Schwab Co. has a 52-week low of $34.58 and a 52-week high of $50.97. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.40.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.65 billion. Charles Schwab had a return on equity of 20.81% and a net margin of 35.12%. Charles Schwab’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 earnings per share. Sell-side analysts expect that Charles Schwab Co. will post 2.73 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Thursday, November 7th. Charles Schwab’s payout ratio is currently 27.76%.

About Charles Schwab

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.

Read More: What are some reasons analysts would give stocks a buy rating?

Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.