Continuum Advisory LLC Buys New Shares in The Charles Schwab Corporation $SCHW

Continuum Advisory LLC purchased a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,966 shares of the financial services provider’s stock, valued at approximately $458,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Charles Schwab by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 37,667,640 shares of the financial services provider’s stock worth $3,747,646,000 after buying an additional 98,242 shares during the last quarter. Swiss Life Asset Management Ltd lifted its holdings in Charles Schwab by 4.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 407,179 shares of the financial services provider’s stock valued at $40,681,000 after acquiring an additional 16,482 shares during the period. Eurizon Capital SGR S.p.A. purchased a new stake in Charles Schwab in the 4th quarter worth approximately $35,233,000. Norges Bank purchased a new stake in Charles Schwab in the 4th quarter worth approximately $1,994,189,000. Finally, Seaview Investment Managers LLC acquired a new stake in shares of Charles Schwab during the 4th quarter worth approximately $8,027,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In related news, insider Jonathan S. Beatty sold 1,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $111.33, for a total transaction of $111,330.00. Following the completion of the sale, the insider owned 10,738 shares of the company’s stock, valued at approximately $1,195,461.54. This represents a 8.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Walter W. Bettinger sold 74,388 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $110.91, for a total transaction of $8,250,373.08. Following the completion of the sale, the chairman owned 610,360 shares of the company’s stock, valued at approximately $67,695,027.60. The trade was a 10.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 649,582 shares of company stock worth $69,948,015 over the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Stock Down 0.9%

SCHW stock opened at $109.43 on Friday. The Charles Schwab Corporation has a 52 week low of $83.96 and a 52 week high of $114.53. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.52. The firm has a 50-day simple moving average of $105.23 and a 200-day simple moving average of $96.78. The stock has a market capitalization of $189.24 billion, a P/E ratio of 19.90, a P/E/G ratio of 0.96 and a beta of 0.76.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. The firm had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.53%. Charles Schwab’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period last year, the company posted $1.14 EPS. Equities analysts forecast that The Charles Schwab Corporation will post 6.46 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.32 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.2%. Charles Schwab’s dividend payout ratio (DPR) is presently 23.27%.

Analyst Ratings Changes

SCHW has been the subject of several analyst reports. Argus boosted their target price on shares of Charles Schwab from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Compass Point initiated coverage on shares of Charles Schwab in a research report on Monday, August 3rd. They set a “buy” rating and a $135.00 price target on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Charles Schwab in a report on Wednesday, July 22nd. BMO Capital Markets lowered shares of Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 target price on the stock. in a research note on Monday, July 20th. Finally, Wolfe Research restated an “outperform” rating and set a $127.00 target price on shares of Charles Schwab in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Charles Schwab currently has an average rating of “Moderate Buy” and a consensus price target of $121.17.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.