The Charles Schwab Corporation $SCHW Shares Sold by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. lowered its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 1.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,716 shares of the financial services provider’s stock after selling 489 shares during the period. Charles Schwab makes up about 1.7% of SGL Investment Advisors Inc.’s investment portfolio, making the stock its 24th largest position. SGL Investment Advisors Inc.’s holdings in Charles Schwab were worth $3,560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SCHW. Atwood & Palmer Inc. acquired a new position in Charles Schwab in the 1st quarter worth $25,000. Westside Investment Management Inc. increased its position in shares of 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 acquiring an additional 150 shares during the last quarter. RMG Wealth Management LLC acquired a new position in shares of Charles Schwab in the second quarter worth about $27,000. CBIZ Investment Advisory Services LLC boosted its holdings in Charles Schwab by 97.9% in 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. Finally, Stone House Investment Management LLC purchased a new position in Charles Schwab in the first quarter valued at about $31,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 50,016 shares of Charles Schwab stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $97.00, for a total transaction of $4,851,552.00. The transaction 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 firm’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $97.91, for a total value of $2,359,239.36. Following the sale, the insider directly owned 58,999 shares of the company’s stock, valued at $5,776,592.09. This trade represents a 29.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 267,128 shares of company stock worth $26,232,077. 6.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on SCHW shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $99.00 target price on shares of Charles Schwab in a research report on Friday, July 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Charles Schwab in a research note on Saturday, September 27th. Morgan Stanley decreased their price objective on shares of Charles Schwab to $130.00 and set an “overweight” rating for the company in a report on Wednesday, October 1st. Redburn Atlantic raised shares of Charles Schwab from a “sell” rating to a “neutral” rating and increased their price target for the stock from $65.00 to $82.00 in a research report on Monday, June 9th. Finally, Barclays raised their price target on shares of Charles Schwab from $106.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.52.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $93.98 on Tuesday. The stock has a fifty day moving average of $95.29 and a 200-day moving average of $88.82. The company has a market capitalization of $170.59 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 0.91 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 Charles Schwab Corporation has a one year low of $64.16 and a one year high of $99.59.

Charles Schwab (NYSE:SCHW) last issued its quarterly 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 return on equity of 19.30% and a net margin of 33.68%.The firm had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter last year, the business posted $0.73 EPS. Charles Schwab’s revenue was up 24.8% on a year-over-year basis. As a group, equities analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab declared that its Board of Directors has approved a stock buyback program on Thursday, July 24th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 11.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Charles Schwab Announces Dividend

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

Charles Schwab 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.