Robeco Institutional Asset Management B.V. Acquires 261,856 Shares of The Charles Schwab Corporation $SCHW

Robeco Institutional Asset Management B.V. increased its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 131.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 461,441 shares of the financial services provider’s stock after acquiring an additional 261,856 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Charles Schwab were worth $42,102,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. BSW Wealth Partners grew its position in Charles Schwab by 4.6% in the 2nd quarter. BSW Wealth Partners now owns 5,425 shares of the financial services provider’s stock worth $495,000 after purchasing an additional 240 shares during the last quarter. USA Financial Formulas bought a new position in Charles Schwab during the second quarter valued at about $900,000. Vigilare Wealth Management acquired a new position in Charles Schwab in the 2nd quarter valued at approximately $915,000. Childress Capital Advisors LLC lifted its position in shares of Charles Schwab by 36.9% in the 2nd quarter. Childress Capital Advisors LLC now owns 4,896 shares of the financial services provider’s stock worth $447,000 after acquiring an additional 1,319 shares during the period. Finally, PFG Investments LLC grew its holdings in shares of Charles Schwab by 10.2% during the 2nd quarter. PFG Investments LLC now owns 5,951 shares of the financial services provider’s stock worth $543,000 after purchasing an additional 550 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Up 1.5%

SCHW stock opened at $94.13 on Friday. The business has a fifty day moving average price of $95.37 and a 200 day moving average price of $88.57. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.55 and a quick ratio of 0.55. The Charles Schwab Corporation has a fifty-two week low of $64.07 and a fifty-two week high of $99.59. The stock has a market capitalization of $170.87 billion, a price-to-earnings ratio of 25.30, a P/E/G ratio of 0.90 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, topping 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 company had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The business’s revenue was up 24.8% on a year-over-year basis. Analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

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

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 29.03%.

Insider Buying and Selling

In other news, insider Paul V. Woolway sold 3,290 shares of the company’s stock in a transaction that occurred 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 directly owned 41,188 shares in the company, valued at approximately $3,956,519.28. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Walter W. Bettinger sold 173,876 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $98.84, for a total transaction of $17,185,903.84. Following the sale, the chairman directly owned 590,734 shares in the company, valued at $58,388,148.56. This trade represents a 22.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 267,128 shares of company stock valued at $26,232,077. Insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on SCHW shares. Morgan Stanley reduced their target price on Charles Schwab to $130.00 and set an “overweight” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Charles Schwab from $114.00 to $113.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. Redburn Atlantic raised shares of Charles Schwab from a “sell” rating to a “neutral” rating and increased their price target for the stock from $65.00 to $82.00 in a research report on Monday, June 9th. Raymond James Financial restated an “outperform” rating and set a $99.00 price target on shares of Charles Schwab in a research note on Friday, July 18th. Finally, Barclays upped their price objective on Charles Schwab from $106.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Seventeen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.52.

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.