Teewinot Capital Advisers L.L.C. Reduces Stock Holdings in The Charles Schwab Corporation $SCHW

Teewinot Capital Advisers L.L.C. decreased its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 92.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,934 shares of the financial services provider’s stock after selling 591,668 shares during the quarter. Charles Schwab accounts for about 0.4% of Teewinot Capital Advisers L.L.C.’s investment portfolio, making the stock its 20th largest position. Teewinot Capital Advisers L.L.C.’s holdings in Charles Schwab were worth $3,517,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Atwood & Palmer Inc. bought a new position in shares of Charles Schwab during the 1st quarter valued at approximately $25,000. Westside Investment Management Inc. boosted its position in shares of Charles Schwab by 75.0% during the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 150 shares during the last quarter. Stone House Investment Management LLC purchased a new position in shares of Charles Schwab during the first quarter valued at about $31,000. Activest Wealth Management grew its holdings in Charles Schwab by 6,650.0% during the 1st quarter. Activest Wealth Management now owns 405 shares of the financial services provider’s stock valued at $32,000 after buying an additional 399 shares in the last quarter. Finally, WFA Asset Management Corp purchased a new position in shares of Charles Schwab in the first quarter valued at $33,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Down 5.7%

Shares of Charles Schwab stock opened at $92.09 on Friday. The firm has a fifty day moving average price of $95.20 and a 200 day moving average price of $86.35. The stock has a market cap of $167.15 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 0.91 and a beta of 0.96. The Charles Schwab Corporation has a 1 year low of $61.16 and a 1 year high of $99.59. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.55 and a quick ratio of 0.55.

Charles Schwab (NYSE:SCHW) last issued its earnings results 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 firm had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. The company’s revenue was up 24.8% compared to the same quarter last year. Equities research analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The company 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. The ex-dividend date was Friday, August 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Charles Schwab’s dividend payout ratio is 29.03%.

Charles Schwab declared that its board has approved a stock buyback plan on Thursday, July 24th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 11.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SCHW. William Blair lowered Charles Schwab from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 3rd. Cowen restated a “buy” rating on shares of Charles Schwab in a report on Tuesday, May 20th. Piper Sandler increased their price objective on Charles Schwab from $80.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Redburn Atlantic upgraded shares of Charles Schwab from a “sell” rating to a “neutral” rating and increased their target price for the stock from $65.00 to $82.00 in a report on Monday, June 9th. Finally, Bank of America lifted their price target on Charles Schwab from $83.00 to $84.00 and gave the company an “underperform” rating in a report on Monday, July 21st. Sixteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Charles Schwab presently has a consensus rating of “Moderate Buy” and an average price target of $99.60.

Insider Buying and Selling

In other Charles Schwab news, insider Paul V. Woolway sold 10,129 shares of the stock in a transaction 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 of the company’s stock, valued at $3,524,251.54. This trade represents a 20.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Walter W. Bettinger sold 173,876 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chairman directly owned 590,734 shares in the company, valued at $58,388,148.56. This represents a 22.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 298,214 shares of company stock worth $29,022,580 in the last ninety days. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Company 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.