4,209 Shares in The Charles Schwab Corporation $SCHW Purchased by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC acquired 4,209 shares of The Charles Schwab Corporation, valued at approximately $329,000, highlighting institutional interest in the company.
• Insiders have sold a total of 298,214 shares of Charles Schwab stock worth about $29 million over the past ninety days, indicating active trading among executives.
• Charles Schwab recently announced a $20 billion stock buyback program, reflecting management's belief that the stock is undervalued.

MBB Public Markets I LLC purchased a new position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,209 shares of the financial services provider's stock, valued at approximately $329,000.

Other institutional investors also recently bought and sold shares of the company. Atwood & Palmer Inc. bought a new position in Charles Schwab in the first quarter worth about $25,000. Westside Investment Management Inc. increased its stake 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 valued at $27,000 after purchasing an additional 150 shares in the last quarter. Stone House Investment Management LLC bought a new position in shares of Charles Schwab during the first quarter valued at approximately $31,000. Activest Wealth Management increased its stake in shares of Charles Schwab by 6,650.0% during the first quarter. Activest Wealth Management now owns 405 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 399 shares in the last quarter. Finally, WFA Asset Management Corp bought a new position in shares of Charles Schwab during the first quarter valued at approximately $33,000. 84.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Nigel J. Murtagh sold 24,096 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $97.91, for a total value of $2,359,239.36. Following the sale, the insider owned 58,999 shares in the company, valued at approximately $5,776,592.09. This trade represents a 29.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 3,205 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $95.20, for a total transaction of $305,116.00. Following the completion of the sale, the insider owned 37,983 shares in the company, valued at $3,615,981.60. This represents a 7.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 298,214 shares of company stock valued at $29,022,580 in the last ninety days. Corporate insiders own 6.30% of the company's stock.

Charles Schwab Trading Up 1.6%

NYSE:SCHW opened at $93.50 on Tuesday. The company's 50 day moving average price is $95.24 and its 200-day moving average price is $86.47. The Charles Schwab Corporation has a 52 week low of $61.16 and a 52 week high of $99.59. 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 stock has a market cap of $169.72 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 0.91 and a beta of 0.96.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.04. Charles Schwab had a net margin of 33.68% and a return on equity of 19.30%. The firm had revenue of $5.85 billion for the quarter, compared to analysts' expectations of $5.64 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The business's revenue for the quarter was up 24.8% on a year-over-year basis. On average, equities research analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab announced that its Board of Directors has initiated a stock buyback program on Thursday, July 24th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 11.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a $0.27 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.08 annualized dividend and a yield of 1.2%. Charles Schwab's dividend payout ratio (DPR) is currently 29.03%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. William Blair downgraded shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. TD Securities raised their target price on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Truist Financial raised their target price on shares of Charles Schwab from $107.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Barclays raised their target price on shares of Charles Schwab from $106.00 to $113.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, Cowen reiterated a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. Sixteen analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $99.60.

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.

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