GW Henssler & Associates Ltd. Sells 9,840 Shares of The Charles Schwab Corporation $SCHW

GW Henssler & Associates Ltd. trimmed its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 273,285 shares of the financial services provider’s stock after selling 9,840 shares during the period. Charles Schwab makes up approximately 1.2% of GW Henssler & Associates Ltd.’s holdings, making the stock its 28th largest holding. GW Henssler & Associates Ltd.’s holdings in Charles Schwab were worth $21,393,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Cigna Investments Inc. New raised its stake in shares of Charles Schwab by 8.4% in the 1st quarter. Cigna Investments Inc. New now owns 16,774 shares of the financial services provider’s stock valued at $1,313,000 after buying an additional 1,306 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in Charles Schwab in the 1st quarter valued at about $111,559,000. Focus Partners Advisor Solutions LLC increased its position in Charles Schwab by 106.4% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 9,774 shares of the financial services provider’s stock valued at $765,000 after acquiring an additional 5,039 shares in the last quarter. First Financial Bankshares Inc bought a new position in shares of Charles Schwab in the 1st quarter valued at about $204,000. Finally, FJ Capital Management LLC bought a new position in shares of Charles Schwab in the 1st quarter valued at about $4,778,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SCHW shares. JMP Securities raised their target price on shares of Charles Schwab from $106.00 to $110.00 and gave the company a “market outperform” rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $102.00 to $108.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Morgan Stanley lifted their price objective on shares of Charles Schwab from $117.00 to $131.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Raymond James Financial reiterated an “outperform” rating and issued a $99.00 price objective on shares of Charles Schwab in a report on Friday, July 18th. Finally, Wells Fargo & Company set a $102.00 target price on shares of Charles Schwab and gave the stock an “overweight” rating in a report on Friday, July 18th. Sixteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.60.

Insider Buying and Selling

In other Charles Schwab news, insider Nigel J. Murtagh sold 24,096 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $97.91, for a total transaction of $2,359,239.36. Following the completion of the sale, the insider owned 58,999 shares of the company’s stock, valued at approximately $5,776,592.09. This represents a 29.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan S. Beatty sold 6,144 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $96.81, for a total transaction of $594,800.64. Following the sale, the insider directly owned 11,923 shares of the company’s stock, valued at $1,154,265.63. This represents a 34.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 295,009 shares of company stock valued at $28,717,464 over the last three months. Insiders own 6.30% of the company’s stock.

Charles Schwab Stock Down 1.2%

Shares of NYSE SCHW opened at $95.91 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.47. The company has a market cap of $174.10 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 0.94 and a beta of 0.96. The Charles Schwab Corporation has a 12 month low of $61.16 and a 12 month high of $99.59. The stock has a 50-day moving average price of $94.58 and a two-hundred day moving average price of $85.88.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.10 by $0.04. The firm had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.64 billion. Charles Schwab had a return on equity of 19.30% and a net margin of 33.68%.The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.73 earnings per share. As a group, analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. Charles Schwab’s dividend payout ratio is currently 29.03%.

Charles Schwab announced that its board has authorized a share repurchase plan on Thursday, July 24th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 11.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

About Charles Schwab

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.