Nomura Asset Management Co. Ltd. Increases Holdings in The Charles Schwab Corporation $SCHW

Nomura Asset Management Co. Ltd. increased its stake in The Charles Schwab Corporation (NYSE:SCHW) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 562,786 shares of the financial services provider’s stock after acquiring an additional 26,952 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Charles Schwab were worth $51,349,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Princeton Global Asset Management LLC purchased a new position in shares of Charles Schwab in the 2nd quarter worth approximately $25,000. RMG Wealth Management LLC purchased a new stake in Charles Schwab during the 2nd quarter valued at $27,000. CBIZ Investment Advisory Services LLC lifted its position 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 worth $30,000 after buying an additional 191 shares during the last quarter. Stone House Investment Management LLC purchased a new position in Charles Schwab during the first quarter worth $31,000. Finally, Activest Wealth Management increased its position in Charles Schwab by 6,650.0% during the first quarter. Activest Wealth Management now owns 405 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 399 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Down 2.5%

NYSE SCHW opened at $92.00 on Tuesday. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $99.59. 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 $163.47 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 0.85 and a beta of 1.02. The company’s 50-day simple moving average is $94.03 and its two-hundred day simple moving average is $92.58.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating 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 net margin of 35.93% and a return on equity of 21.26%. The company’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. Equities analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a $0.27 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Charles Schwab’s dividend payout ratio (DPR) is currently 25.29%.

Charles Schwab declared that its Board of Directors has initiated a share repurchase program 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 reacquire up to 11.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SCHW shares. Truist Financial raised their target price on shares of Charles Schwab from $112.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Morgan Stanley increased their price objective on shares of Charles Schwab from $130.00 to $139.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Keefe, Bruyette & Woods raised their price objective on shares of Charles Schwab from $109.00 to $111.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Piper Sandler restated a “neutral” rating on shares of Charles Schwab in a research report on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $106.45.

Insider Transactions at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 50,016 shares of Charles Schwab stock in a transaction dated Wednesday, August 27th. The stock was 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 at the SEC website. Also, insider Jonathan S. Beatty sold 6,144 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $96.81, for a total transaction of $594,800.64. Following the completion of the transaction, the insider owned 11,923 shares of the company’s stock, valued at $1,154,265.63. This represents a 34.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 68,938 shares of company stock valued at $6,671,953. Corporate insiders own 6.30% of the company’s stock.

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.