Warther Private Wealth LLC Sells 3,941 Shares of The Charles Schwab Corporation $SCHW

Warther Private Wealth LLC lessened its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 1.5% in the second quarter, Holdings Channel reports. The institutional investor owned 265,119 shares of the financial services provider’s stock after selling 3,941 shares during the period. Charles Schwab accounts for approximately 6.3% of Warther Private Wealth LLC’s holdings, making the stock its 9th largest position. Warther Private Wealth LLC’s holdings in Charles Schwab were worth $24,189,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC acquired a new position in Charles Schwab in the 2nd quarter valued at approximately $25,000. Westside Investment Management Inc. increased its position in Charles Schwab by 75.0% in the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 150 shares during the period. RMG Wealth Management LLC acquired a new position in Charles Schwab in the 2nd quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC boosted its position in Charles Schwab by 97.9% during the first quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 191 shares during the last quarter. Finally, Stone House Investment Management LLC bought a new stake in Charles Schwab during the first quarter valued at $31,000. 84.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of research reports. Wells Fargo & Company set a $102.00 target price on shares of Charles Schwab and gave the company an “overweight” rating in a research report on Friday, July 18th. BMO Capital Markets initiated coverage on shares of Charles Schwab in a research report on Friday, October 3rd. They set an “outperform” rating and a $110.00 target price on the stock. TD Cowen boosted their target price on shares of Charles Schwab from $129.00 to $134.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Charles Schwab in a research report on Wednesday, October 8th. Finally, Citigroup boosted their target price on shares of Charles Schwab from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and an average price target of $106.00.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,205 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $93.33, for a total transaction of $299,122.65. Following the sale, the insider directly owned 34,778 shares of the company’s stock, valued at $3,245,830.74. This represents a 8.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Walter W. Bettinger sold 173,876 shares of the company’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 sale, the chairman directly owned 590,734 shares in the company, 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 267,128 shares of company stock valued at $26,232,077. Insiders own 6.30% of the company’s stock.

Charles Schwab Price Performance

SCHW opened at $94.24 on Thursday. The firm has a market cap of $171.06 billion, a P/E ratio of 22.07, a PEG ratio of 0.85 and a beta of 0.97. The firm has a 50-day moving average of $94.53 and a 200 day moving average of $90.01. 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 Charles Schwab Corporation has a fifty-two week low of $65.88 and a fifty-two week high of $99.59.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.25 by $0.06. The business had revenue of $6.14 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 revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, research analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current year.

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

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.