Focus Partners Advisor Solutions LLC Buys 2,212 Shares of The Charles Schwab Corporation $SCHW

Focus Partners Advisor Solutions LLC raised its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 22.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,986 shares of the financial services provider’s stock after purchasing an additional 2,212 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Charles Schwab were worth $1,093,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHW. Brighton Jones LLC increased its stake in shares of Charles Schwab by 380.5% during the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after purchasing an additional 19,195 shares in the last quarter. Diversified Trust Co increased its stake in shares of Charles Schwab by 20.8% during the first quarter. Diversified Trust Co now owns 9,927 shares of the financial services provider’s stock valued at $777,000 after purchasing an additional 1,712 shares in the last quarter. Transcend Capital Advisors LLC bought a new position in shares of Charles Schwab during the first quarter valued at approximately $220,000. Allspring Global Investments Holdings LLC increased its stake in shares of Charles Schwab by 10.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 809,616 shares of the financial services provider’s stock valued at $62,883,000 after purchasing an additional 78,169 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC grew its holdings in shares of Charles Schwab by 2.9% during the first quarter. Avidian Wealth Enterprises LLC now owns 5,439 shares of the financial services provider’s stock valued at $426,000 after buying an additional 154 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Up 0.4%

Shares of SCHW stock opened at $94.76 on Tuesday. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $99.59. 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’s 50 day moving average is $94.40 and its 200 day moving average is $90.73. The stock has a market capitalization of $172.01 billion, a P/E ratio of 22.19, a P/E/G ratio of 0.85 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last issued its quarterly 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 business had revenue of $6.14 billion for the quarter, compared to analysts’ expectations 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 was up 26.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS. Research analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share 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 buyback $20.00 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 11.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Charles Schwab Announces Dividend

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

Insider Transactions at Charles Schwab

In other 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 transaction of $4,851,552.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 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 position. The disclosure for this sale can be found here. Insiders have sold 69,156 shares of company stock worth $6,686,934 in the last 90 days. 6.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Barclays increased their price target on shares of Charles Schwab from $114.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Charles Schwab from $119.00 to $120.00 and gave the company a “buy” rating in a report on Friday, October 17th. Cowen reiterated a “buy” rating on shares of Charles Schwab in a report on Friday, October 17th. Keefe, Bruyette & Woods increased their price target on shares of Charles Schwab from $109.00 to $111.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Morgan Stanley cut their price target on shares of Charles Schwab to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, October 1st. 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 company. According to MarketBeat.com, Charles Schwab currently has an average rating of “Moderate Buy” and a consensus target price of $106.00.

Charles Schwab 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.