The Charles Schwab Corporation $SCHW Stock Position Lowered by GS Investments Inc.

GS Investments Inc. decreased its position in The Charles Schwab Corporation (NYSE:SCHW) by 1.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 55,455 shares of the financial services provider’s stock after selling 643 shares during the period. Charles Schwab makes up about 2.2% of GS Investments Inc.’s investment portfolio, making the stock its 16th largest position. GS Investments Inc.’s holdings in Charles Schwab were worth $5,060,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Princeton Global Asset Management LLC acquired a new stake in Charles Schwab in the 2nd quarter valued at about $25,000. RMG Wealth Management LLC acquired a new position in shares of Charles Schwab in the 2nd quarter worth approximately $27,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of Charles Schwab by 97.9% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 191 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in Charles Schwab during the first quarter valued at approximately $31,000. Finally, 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 valued at $32,000 after purchasing an additional 399 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 50,016 shares of the business’s stock in a transaction that occurred 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 filing with the SEC, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 6,144 shares of the company’s 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 completion of the transaction, the insider owned 11,923 shares in the company, valued at approximately $1,154,265.63. This represents a 34.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 65,866 shares of company stock valued at $6,370,897 in the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $95.33 on Friday. The company’s fifty day moving average is $94.03 and its two-hundred day moving average is $91.87. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.47. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $99.59. The company has a market cap of $173.05 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 0.85 and a beta of 1.02.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.25 by $0.06. Charles Schwab had a return on equity of 21.26% and a net margin of 35.93%.The business had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $5.93 billion. During the same quarter last year, the firm posted $0.71 earnings per share. Charles Schwab’s revenue was up 26.6% compared to the same quarter last year. Equities analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab declared that its board has approved a stock repurchase plan on Thursday, July 24th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 11.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Charles Schwab’s dividend payout ratio (DPR) is presently 25.29%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. 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 report on Monday, November 3rd. TD Cowen raised their price objective on Charles Schwab from $129.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Cowen restated a “buy” rating on shares of Charles Schwab in a report on Friday, October 17th. Zacks Research lowered Charles Schwab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Finally, Piper Sandler reiterated a “neutral” rating on shares of Charles Schwab in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $106.45.

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.