Blue Whale Capital LLP Invests $31.59 Million in The Charles Schwab Corporation $SCHW

Blue Whale Capital LLP acquired a new stake in The Charles Schwab Corporation (NYSE:SCHW) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 342,398 shares of the financial services provider’s stock, valued at approximately $31,593,000. Charles Schwab comprises approximately 1.0% of Blue Whale Capital LLP’s investment portfolio, making the stock its 22nd largest holding.

Other large investors have also added to or reduced their stakes in the company. Dogwood Wealth Management LLC grew its position in Charles Schwab by 99.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 123 shares in the last quarter. Compass Financial Management LLC bought a new stake in Charles Schwab during the 2nd quarter worth about $27,000. Scarborough Advisors LLC acquired a new position in shares of Charles Schwab during the 1st quarter worth about $29,000. McIlrath & Eck LLC boosted its stake in shares of Charles Schwab by 143.2% during the 4th quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock worth $32,000 after buying an additional 189 shares during the last quarter. Finally, Main Street Group LTD bought a new position in shares of Charles Schwab in the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

SCHW has been the topic of a number of recent research reports. Citigroup reaffirmed a “market outperform” rating on shares of Charles Schwab in a research report on Wednesday, July 22nd. BMO Capital Markets downgraded Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price target for the company. in a research note on Monday, July 20th. Argus boosted their price target on Charles Schwab from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Zacks Research upgraded Charles Schwab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Charles Schwab in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $121.17.

Charles Schwab Stock Up 0.1%

Shares of SCHW stock opened at $112.36 on Monday. The Charles Schwab Corporation has a 52-week low of $83.96 and a 52-week high of $112.40. The stock has a market cap of $194.31 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 0.84 and a beta of 0.76. The firm’s 50-day moving average is $101.59 and its 200-day moving average is $96.09. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.64.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. The business had revenue of $7.07 billion during the quarter, compared to analysts’ expectations of $6.90 billion. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%.Charles Schwab’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the company posted $1.14 earnings per share. Sell-side analysts predict that The Charles Schwab Corporation will post 6.46 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 14th. Charles Schwab’s payout ratio is 23.27%.

Insider Buying and Selling

In other news, Chairman Walter W. Bettinger sold 192,488 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $103.90, for a total value of $19,999,503.20. Following the completion of the sale, the chairman owned 529,346 shares of the company’s stock, valued at approximately $54,999,049.40. The trade was a 26.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dennis Howard sold 28,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $105.01, for a total value of $2,940,280.00. Following the completion of the sale, the insider owned 10,470 shares of the company’s stock, valued at approximately $1,099,454.70. This trade represents a 72.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 398,984 shares of company stock valued at $41,699,569. 6.30% of the stock is currently owned by insiders.

Charles Schwab Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.