The Charles Schwab Corporation $SCHW Shares Acquired by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC raised its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 3.5% in the first quarter, Holdings Channel.com reports. The fund owned 6,835 shares of the financial services provider’s stock after acquiring an additional 234 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Charles Schwab were worth $535,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SCHW. Vanguard Group Inc. increased its holdings in shares of Charles Schwab by 15.4% in the first quarter. Vanguard Group Inc. now owns 148,395,252 shares of the financial services provider’s stock valued at $11,616,380,000 after purchasing an additional 19,817,022 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Charles Schwab by 595.7% in the first quarter. Wellington Management Group LLP now owns 15,488,777 shares of the financial services provider’s stock valued at $1,212,461,000 after purchasing an additional 13,262,309 shares during the last quarter. Primecap Management Co. CA increased its holdings in shares of Charles Schwab by 229.3% in the first quarter. Primecap Management Co. CA now owns 14,002,078 shares of the financial services provider’s stock valued at $1,096,083,000 after purchasing an additional 9,749,728 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Charles Schwab by 12.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 82,048,984 shares of the financial services provider’s stock valued at $6,422,795,000 after purchasing an additional 8,954,248 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Charles Schwab in the first quarter valued at approximately $440,699,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Bank of America raised their target price on Charles Schwab from $83.00 to $84.00 and gave the stock an “underperform” rating in a research note on Monday, July 21st. William Blair cut Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 3rd. Cowen reissued a “buy” rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Raymond James Financial reissued an “outperform” rating and set a $99.00 target price on shares of Charles Schwab in a research note on Friday, July 18th. Finally, Morgan Stanley raised their target price on Charles Schwab from $117.00 to $131.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $99.60.

Insider Buying and Selling at Charles Schwab

In related news, insider Paul V. Woolway sold 10,129 shares of Charles Schwab stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total value of $911,711.29. Following the completion of the transaction, the insider directly owned 39,154 shares in the company, valued at approximately $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 Charles Schwab stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.84, for a total value of $17,185,903.84. Following the completion of the transaction, the chairman owned 590,734 shares of the company’s stock, valued at approximately $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. Over the last 90 days, insiders sold 298,214 shares of company stock valued at $29,022,580. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Trading Up 0.2%

SCHW opened at $93.66 on Wednesday. The Charles Schwab Corporation has a 52 week low of $61.16 and a 52 week high of $99.59. The business has a fifty day simple moving average of $95.29 and a 200-day simple moving average of $86.52. The firm has a market cap of $170.01 billion, a P/E ratio of 25.18, a P/E/G ratio of 0.92 and a beta of 0.96. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.47.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.10 by $0.04. Charles Schwab had a return on equity of 19.30% and a net margin of 33.68%.The business had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same period last year, the business posted $0.73 earnings per share. The company’s quarterly revenue was up 24.8% on a year-over-year basis. On average, equities analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 29.03%.

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

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.