WD Rutherford LLC Purchases Shares of 580 The Charles Schwab Corporation $SCHW

WD Rutherford LLC purchased a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 580 shares of the financial services provider’s stock, valued at approximately $53,000.

A number of other institutional investors have also bought and sold shares of SCHW. Atwood & Palmer Inc. bought a new stake in Charles Schwab during the first quarter valued at $25,000. Westside Investment Management Inc. boosted its position 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 valued at $27,000 after acquiring an additional 150 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its position in Charles Schwab by 97.9% during the first quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 191 shares during the last quarter. Stone House Investment Management LLC bought a new stake in Charles Schwab during the first quarter valued at $31,000. Finally, Activest Wealth Management boosted its position 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 valued at $32,000 after acquiring an additional 399 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In related news, insider Jonathan S. Beatty sold 6,144 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $96.81, for a total value of $594,800.64. Following the sale, the insider owned 11,923 shares in the company, valued at $1,154,265.63. This represents a 34.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul V. Woolway sold 3,205 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $95.20, for a total transaction of $305,116.00. Following the completion of the sale, the insider directly owned 37,983 shares of the company’s stock, valued at $3,615,981.60. The trade was a 7.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 267,213 shares of company stock worth $26,232,180 over the last ninety days. Insiders own 6.30% of the company’s stock.

Charles Schwab Trading Up 0.8%

SCHW opened at $95.52 on Friday. 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 Charles Schwab Corporation has a fifty-two week low of $62.41 and a fifty-two week high of $99.59. The firm has a market capitalization of $173.39 billion, a PE ratio of 25.68, a P/E/G ratio of 0.94 and a beta of 0.96. The company’s 50-day moving average is $95.55 and its 200 day moving average is $88.04.

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

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

Charles Schwab Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently weighed in on SCHW. Truist Financial upped their price objective on shares of Charles Schwab from $107.00 to $112.00 and gave the company a “buy” rating in a report on Friday, August 15th. Citigroup upped their price objective on shares of Charles Schwab from $105.00 to $110.00 and gave the company a “buy” rating in a report on Monday, July 21st. Raymond James Financial reiterated an “outperform” rating and set a $99.00 price objective on shares of Charles Schwab in a report on Friday, July 18th. Morgan Stanley upped 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. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $102.00 to $108.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Sixteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $100.00.

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.