19,342 Shares in The Charles Schwab Corporation $SCHW Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in The Charles Schwab Corporation (NYSE:SCHW) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,342 shares of the financial services provider’s stock, valued at approximately $1,765,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Princeton Global Asset Management LLC acquired a new position in shares of Charles Schwab during the 2nd quarter valued at $25,000. RMG Wealth Management LLC bought a new stake in Charles Schwab in the second quarter valued at $27,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Charles Schwab during the second quarter valued at about $32,000. Hoese & Co LLP raised its holdings in shares of Charles Schwab by 131.6% during the second quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 200 shares during the period. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of Charles Schwab by 97.9% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 191 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Paul V. Woolway sold 3,205 shares of Charles Schwab stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $93.33, for a total transaction of $299,122.65. Following the sale, the insider directly owned 34,778 shares in the company, valued at $3,245,830.74. The trade was a 8.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Peter J. Morgan III sold 50,016 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $97.00, for a total transaction of $4,851,552.00. The SEC filing for this sale provides additional information. Insiders sold a total of 65,866 shares of company stock valued at $6,370,897 in the last ninety days. 6.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SCHW. Piper Sandler reaffirmed a “neutral” rating on shares of Charles Schwab in a research report on Tuesday, October 14th. JPMorgan Chase & Co. boosted their price objective on Charles Schwab from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Zacks Research lowered Charles Schwab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. BMO Capital Markets initiated coverage on shares of Charles Schwab in a research note on Friday, October 3rd. They set an “outperform” rating and a $110.00 price target for the company. Finally, Bank of America upped their price objective on shares of Charles Schwab from $84.00 to $86.00 and gave the stock an “underperform” rating in a report on Thursday, October 2nd. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $106.45.

Charles Schwab Trading Up 0.5%

Shares of SCHW stock opened at $96.05 on Wednesday. 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 company has a market capitalization of $170.67 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 0.85 and a beta of 1.02. The Charles Schwab Corporation has a 52-week low of $65.88 and a 52-week high of $99.59. The company has a 50-day simple moving average of $94.02 and a two-hundred day simple moving average of $92.19.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Thursday, October 16th. The financial services provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.06. The firm had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $5.93 billion. Charles Schwab had a return on equity of 21.26% and a net margin of 35.93%.The company’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 EPS. Research analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab declared that its board has approved a stock 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 buy up to 11.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid 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 is 25.29%.

Charles Schwab Company 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.