Hyperion Capital Advisors LP Reduces Stake in The Charles Schwab Corporation $SCHW

Hyperion Capital Advisors LP trimmed its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 13.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,936 shares of the financial services provider’s stock after selling 16,318 shares during the quarter. Charles Schwab accounts for 5.8% of Hyperion Capital Advisors LP’s portfolio, making the stock its 8th largest holding. Hyperion Capital Advisors LP’s holdings in Charles Schwab were worth $9,301,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SCHW. ICONIQ Capital LLC increased its holdings in shares of Charles Schwab by 36.1% during the 2nd quarter. ICONIQ Capital LLC now owns 10,868 shares of the financial services provider’s stock worth $992,000 after purchasing an additional 2,880 shares during the period. Gallagher Fiduciary Advisors LLC acquired a new position in Charles Schwab in the 2nd quarter valued at approximately $234,000. EP Wealth Advisors LLC lifted its position in shares of Charles Schwab by 2.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 39,425 shares of the financial services provider’s stock worth $3,597,000 after acquiring an additional 1,101 shares during the period. Engineers Gate Manager LP grew its holdings in shares of Charles Schwab by 167.4% during the 2nd quarter. Engineers Gate Manager LP now owns 166,500 shares of the financial services provider’s stock worth $15,191,000 after purchasing an additional 104,229 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its position in shares of Charles Schwab by 9.4% during the second quarter. Benjamin Edwards Inc. now owns 7,033 shares of the financial services provider’s stock valued at $642,000 after purchasing an additional 606 shares during the period. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

NYSE:SCHW opened at $96.63 on Friday. The Charles Schwab Corporation has a 1 year low of $65.88 and a 1 year high of $99.59. The firm has a 50 day moving average of $93.86 and a 200-day moving average of $93.40. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $171.71 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 0.81 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.31 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 business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $5.93 billion. During the same period in the prior year, the company earned $0.71 EPS. Charles Schwab’s revenue for the quarter was up 26.6% on a year-over-year basis. As a group, sell-side analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

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

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,205 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $93.33, for a total value of $299,122.65. Following the completion of the transaction, the insider directly owned 34,778 shares of the company’s stock, valued at approximately $3,245,830.74. The trade was a 8.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan S. Beatty sold 3,072 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total transaction of $301,056.00. Following the transaction, 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 disclosure for this sale is available in the SEC filing. Insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SCHW shares. Morgan Stanley lifted their price target on shares of Charles Schwab from $130.00 to $139.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Zacks Research lowered shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. BMO Capital Markets initiated coverage on shares of Charles Schwab in a research note on Friday, October 3rd. They issued an “outperform” rating and a $110.00 target price on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $114.00 price target on shares of Charles Schwab in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. lifted their price objective on Charles Schwab from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Charles Schwab has an average rating of “Moderate Buy” and an average price target of $108.37.

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.