Coppell Advisory Solutions LLC Acquires 9,249 Shares of The Charles Schwab Corporation $SCHW

Coppell Advisory Solutions LLC lifted its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 432.4% in the first quarter, Holdings Channel reports. The fund owned 11,388 shares of the financial services provider’s stock after purchasing an additional 9,249 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in Charles Schwab were worth $925,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Atwood & Palmer Inc. purchased a new stake in Charles Schwab during the first quarter valued at approximately $25,000. Westside Investment Management Inc. raised its holdings in Charles Schwab by 75.0% during the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider’s stock valued at $27,000 after buying an additional 150 shares during the period. Stone House Investment Management LLC purchased a new stake in Charles Schwab during the 1st quarter valued at $31,000. Activest Wealth Management lifted its position in Charles Schwab by 6,650.0% in the first quarter. Activest Wealth Management now owns 405 shares of the financial services provider’s stock worth $32,000 after buying an additional 399 shares during the last quarter. Finally, WFA Asset Management Corp purchased a new position in Charles Schwab during the first quarter worth $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 1.6%

Shares of NYSE:SCHW opened at $93.50 on Tuesday. The Charles Schwab Corporation has a 52-week low of $61.16 and a 52-week high of $99.59. The stock has a market cap of $169.72 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 0.91 and a beta of 0.96. The business’s 50 day moving average is $95.24 and its 200 day moving average is $86.47. 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 issued its earnings results on Friday, July 18th. The financial services provider reported $1.14 earnings per share for the quarter, beating 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 business had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same period in the previous year, the company posted $0.73 EPS. Charles Schwab’s revenue was up 24.8% on a year-over-year basis. Sell-side analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Charles Schwab’s dividend payout ratio is 29.03%.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SCHW shares. Raymond James Financial restated an “outperform” rating and issued a $99.00 target price on shares of Charles Schwab in a report on Friday, July 18th. Keefe, Bruyette & Woods raised their price objective on shares of Charles Schwab from $102.00 to $108.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. William Blair cut Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 3rd. Morgan Stanley increased their price target on Charles Schwab from $117.00 to $131.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Finally, Bank of America boosted their price objective on Charles Schwab from $83.00 to $84.00 and gave the company an “underperform” rating in a report on Monday, July 21st. Sixteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $99.60.

Insider Activity at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 50,016 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul V. Woolway sold 10,129 shares of Charles Schwab stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total transaction of $911,711.29. Following the transaction, the insider directly owned 39,154 shares in the company, valued at approximately $3,524,251.54. The trade was a 20.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 298,214 shares of company stock worth $29,022,580 over the last quarter. Corporate insiders own 6.30% of the company’s stock.

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.