IFM Investors Pty Ltd Has $24.92 Million Stock Holdings in The Charles Schwab Corporation $SCHW

IFM Investors Pty Ltd increased its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 7.7% during the first quarter, Holdings Channel reports. The institutional investor owned 318,346 shares of the financial services provider’s stock after purchasing an additional 22,652 shares during the quarter. IFM Investors Pty Ltd’s holdings in Charles Schwab were worth $24,920,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. bought a new position in Charles Schwab during the first quarter worth about $25,000. Westside Investment Management Inc. lifted its stake in Charles Schwab by 75.0% during the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 150 shares during the period. Stone House Investment Management LLC bought a new position in Charles Schwab during the first quarter worth about $31,000. Activest Wealth Management lifted its stake in Charles Schwab by 6,650.0% during the first quarter. Activest Wealth Management now owns 405 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 399 shares during the period. Finally, WFA Asset Management Corp bought a new position in Charles Schwab during the first quarter worth about $33,000. Institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SCHW shares. Raymond James Financial reissued an “outperform” rating and issued a $99.00 target price on shares of Charles Schwab in a report on Friday, July 18th. Barclays boosted their target price on Charles Schwab from $106.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Truist Financial boosted their target price on Charles Schwab from $107.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, August 15th. William Blair downgraded Charles Schwab from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 3rd. Finally, JMP Securities boosted their target price on Charles Schwab from $106.00 to $110.00 and gave the stock a “market outperform” rating in a report on Monday, July 21st. Sixteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $99.60.

Insider Activity at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 50,016 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $97.00, for a total transaction of $4,851,552.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nigel J. Murtagh sold 24,096 shares of the company’s stock in a transaction 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 sale, the insider owned 58,999 shares of the company’s stock, valued at $5,776,592.09. The trade was a 29.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 298,214 shares of company stock worth $29,022,580. 6.30% of the stock is owned by company insiders.

Charles Schwab Stock Performance

SCHW stock opened at $93.66 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.55 and a quick ratio of 0.55. The company has a 50 day moving average price of $95.29 and a 200 day moving average price of $86.52. The Charles Schwab Corporation has a fifty-two week low of $61.16 and a fifty-two week high of $99.59. The stock has a market capitalization of $170.01 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 0.92 and a beta of 0.96.

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

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a dividend of $0.27 per share. The ex-dividend date was Friday, August 8th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Charles Schwab’s payout ratio is presently 29.03%.

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

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.