The Charles Schwab Corporation $SCHW Shares Sold by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC decreased its position in The Charles Schwab Corporation (NYSE:SCHW) by 16.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,713 shares of the financial services provider’s stock after selling 547 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Charles Schwab were worth $248,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC acquired a new stake in Charles Schwab in the second quarter valued at approximately $25,000. Westside Investment Management Inc. raised its holdings in Charles Schwab by 75.0% in the first 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 stake in Charles Schwab in the second quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC raised 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 acquiring an additional 191 shares in the last quarter. Finally, Stone House Investment Management LLC acquired a new stake in Charles Schwab in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

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 shares were sold at an average price of $97.00, for a total value of $4,851,552.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul V. Woolway sold 3,290 shares of Charles Schwab stock in a transaction on Friday, August 1st. The shares were sold at an average price of $96.06, for a total transaction of $316,037.40. Following the completion of the transaction, the insider owned 41,188 shares in the company, valued at approximately $3,956,519.28. This trade represents a 7.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,156 shares of company stock worth $6,686,934 in the last three months. Insiders own 6.30% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW opened at $94.76 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.47. The firm has a market cap of $172.01 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 0.85 and a beta of 0.97. The company’s 50 day simple moving average is $94.40 and its 200-day simple moving average is $90.73. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $99.59.

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

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

Charles Schwab Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JMP Securities reissued a “market outperform” rating and set a $110.00 price objective on shares of Charles Schwab in a report on Friday, October 17th. William Blair cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 3rd. JPMorgan Chase & Co. raised their price objective on shares of Charles Schwab from $119.00 to $121.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Wells Fargo & Company set a $102.00 price objective on shares of Charles Schwab and gave the stock an “overweight” rating in a report on Friday, July 18th. Finally, Barclays raised their price objective on shares of Charles Schwab from $114.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. One investment 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Charles Schwab currently has an average rating of “Moderate Buy” and an average target price of $106.00.

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.