The Charles Schwab Corporation $SCHW Stake Lessened by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC lessened its stake in The Charles Schwab Corporation (NYSE:SCHW) by 15.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,732 shares of the financial services provider’s stock after selling 2,026 shares during the period. Uhlmann Price Securities LLC’s holdings in Charles Schwab were worth $979,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCHW. Westside Investment Management Inc. increased its stake in shares of Charles Schwab by 75.0% in the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider’s stock worth $27,000 after buying an additional 150 shares during the last quarter. RMG Wealth Management LLC bought a new stake in Charles Schwab during the second quarter valued at $27,000. CBIZ Investment Advisory Services LLC increased its stake 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 purchasing 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 increased 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.

Analyst Upgrades and Downgrades

SCHW has been the subject of several recent research reports. Bank of America boosted their target price on shares of Charles Schwab from $84.00 to $86.00 and gave the company an “underperform” rating in a research note on Thursday, October 2nd. Barclays boosted their target price on shares of Charles Schwab from $114.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday. Wells Fargo & Company set a $102.00 target price on shares of Charles Schwab and gave the company an “overweight” rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charles Schwab from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday. Finally, Piper Sandler reiterated a “neutral” rating on shares of Charles Schwab in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.70.

Insiders Place Their Bets

In related news, insider Paul V. Woolway sold 3,205 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $93.33, for a total value of $299,122.65. Following the completion of the sale, the insider owned 34,778 shares of the company’s stock, valued at $3,245,830.74. This represents a 8.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Peter J. Morgan III sold 50,016 shares of the company’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $97.00, for a total transaction of $4,851,552.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 267,128 shares of company stock valued at $26,232,077. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW opened at $94.17 on Monday. The Charles Schwab Corporation has a 1 year low of $65.88 and a 1 year high of $99.59. The company has a market cap of $170.93 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 0.88 and a beta of 0.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a fifty day moving average of $94.68 and a 200-day moving average of $89.76.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.06. Charles Schwab had a net margin of 35.93% and a return on equity of 21.26%. The company had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $5.93 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 26.6% compared to the same quarter last year. As a group, equities analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.08 annualized dividend and a yield of 1.1%. Charles Schwab’s dividend payout ratio is presently 25.29%.

Charles Schwab announced that its board has authorized a stock repurchase program on Thursday, July 24th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 11.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership 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.