2,281 Shares in The Charles Schwab Corporation $SCHW Purchased by Interchange Capital Partners LLC

Interchange Capital Partners LLC acquired a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) in the second quarter, Holdings Channel reports. The institutional investor acquired 2,281 shares of the financial services provider’s stock, valued at approximately $208,000.

Other institutional investors also recently bought and sold shares of the company. Princeton Global Asset Management LLC acquired a new position in Charles Schwab in the 2nd quarter valued at about $25,000. Westside Investment Management Inc. grew its position in Charles Schwab by 75.0% in the 1st 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 in the last quarter. RMG Wealth Management LLC acquired a new position in Charles Schwab in the 2nd quarter valued at about $27,000. CBIZ Investment Advisory Services LLC grew its position in 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 valued at $30,000 after acquiring an additional 191 shares in the last quarter. Finally, Stone House Investment Management LLC acquired a new position in Charles Schwab in the 1st quarter valued at about $31,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SCHW has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Charles Schwab in a research report on Saturday. The Goldman Sachs Group reiterated a “buy” rating and issued a $114.00 price objective on shares of Charles Schwab in a research note on Friday, October 17th. JMP Securities reiterated a “market outperform” rating and issued a $110.00 price objective on shares of Charles Schwab in a research note on Friday, October 17th. Cowen reiterated a “buy” rating on shares of Charles Schwab in a research note on Friday, October 17th. 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 assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $106.00.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 6,144 shares of Charles Schwab stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $96.81, for a total transaction of $594,800.64. Following the transaction, the insider owned 11,923 shares of the company’s stock, valued at $1,154,265.63. The trade was a 34.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Walter W. Bettinger sold 173,876 shares of Charles Schwab stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $98.84, for a total value of $17,185,903.84. Following the transaction, the chairman directly owned 590,734 shares in the company, valued at approximately $58,388,148.56. This trade represents a 22.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 267,128 shares of company stock valued at $26,232,077 over the last 90 days. 6.30% of the stock is owned by insiders.

Charles Schwab Price Performance

SCHW stock opened at $94.37 on Monday. The business has a 50 day moving average price of $94.43 and a 200 day moving average price of $90.60. The stock has a market cap of $171.30 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 0.85 and a beta of 0.97. The Charles Schwab Corporation has a fifty-two week low of $65.88 and a fifty-two week high of $99.59. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.47.

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

Charles Schwab Announces Dividend

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

Charles Schwab declared that its board has approved a stock repurchase program on Thursday, July 24th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 11.6% of its shares through open market purchases. Shares buyback programs are typically an indication 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.