The Charles Schwab Corporation $SCHW Stock Holdings Decreased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its position in The Charles Schwab Corporation (NYSE:SCHW) by 10.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,750,606 shares of the financial services provider’s stock after selling 535,258 shares during the period. Charles Schwab comprises about 0.7% of Ensign Peak Advisors Inc’s investment portfolio, making the stock its 20th biggest holding. Ensign Peak Advisors Inc’s holdings in Charles Schwab were worth $433,445,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Princeton Global Asset Management LLC acquired a new stake in shares of Charles Schwab in the second quarter worth $25,000. RMG Wealth Management LLC acquired a new position in Charles Schwab during the second quarter valued at $27,000. CBIZ Investment Advisory Services LLC lifted its stake in Charles Schwab by 97.9% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 191 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in Charles Schwab during the 1st quarter worth about $31,000. Finally, Activest Wealth Management grew its stake 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 acquiring an additional 399 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 50,016 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul V. Woolway sold 3,205 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $93.33, for a total transaction of $299,122.65. Following the transaction, the insider directly owned 34,778 shares in the company, valued at $3,245,830.74. This trade represents a 8.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 68,938 shares of company stock worth $6,671,953 over the last three months. 6.30% of the stock is currently owned by insiders.

Charles Schwab Stock Up 0.4%

Shares of Charles Schwab stock opened at $92.65 on Thursday. The stock has a 50 day moving average price of $94.01 and a two-hundred day moving average price of $92.64. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.47. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $99.59. The stock has a market capitalization of $164.63 billion, a P/E ratio of 21.70, a PEG ratio of 0.85 and a beta of 1.02.

Charles Schwab (NYSE:SCHW) last posted its earnings results 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 business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $5.93 billion. Charles Schwab had a net margin of 35.93% and a return on equity of 21.26%. Charles Schwab’s revenue was up 26.6% compared to the same quarter last year. During the same period last year, the business posted $0.71 EPS. Equities analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current 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 outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 11.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 14th. Charles Schwab’s payout ratio is currently 25.29%.

Analyst Ratings Changes

Several analysts recently commented on the stock. The Goldman Sachs Group restated a “buy” rating and set a $114.00 price target on shares of Charles Schwab in a report on Friday, October 17th. Zacks Research lowered shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Morgan Stanley boosted their price target on shares of Charles Schwab from $130.00 to $139.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Charles Schwab in a report on Wednesday, October 8th. Finally, Barclays boosted their target price on Charles Schwab from $114.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $106.45.

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.