Advisor OS LLC Buys Shares of 4,595 The Charles Schwab Corporation (NYSE:SCHW)

Key Points

• Advisor OS LLC purchased 4,595 shares of The Charles Schwab Corporation, valued at approximately $360,000, during the first quarter.
• Charles Schwab reported $1.14 earnings per share for the quarter, exceeding the consensus estimate of $1.10, with year-over-year revenue growth of 24.8%.
• The company announced a $20.00 billion share repurchase plan, indicating potential confidence from leadership in the stock's valuation.

Advisor OS LLC acquired a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,595 shares of the financial services provider's stock, valued at approximately $360,000.

Several other institutional investors and hedge funds have also modified their holdings of SCHW. HM Payson & Co. raised its stake in Charles Schwab by 0.7% during the first quarter. HM Payson & Co. now owns 19,271 shares of the financial services provider's stock worth $1,509,000 after purchasing an additional 130 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in Charles Schwab by 2.1% in the first quarter. Cornerstone Wealth Management LLC now owns 6,551 shares of the financial services provider's stock valued at $513,000 after acquiring an additional 132 shares during the last quarter. Premier Path Wealth Partners LLC boosted its holdings in Charles Schwab by 1.8% in the first quarter. Premier Path Wealth Partners LLC now owns 7,817 shares of the financial services provider's stock valued at $612,000 after acquiring an additional 140 shares during the last quarter. Sutton Place Investors LLC boosted its holdings in Charles Schwab by 1.6% in the first quarter. Sutton Place Investors LLC now owns 8,677 shares of the financial services provider's stock valued at $679,000 after acquiring an additional 140 shares during the last quarter. Finally, O ROURKE & COMPANY Inc boosted its holdings in Charles Schwab by 1.1% in the fourth quarter. O ROURKE & COMPANY Inc now owns 12,958 shares of the financial services provider's stock valued at $959,000 after acquiring an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Up 0.6%

Shares of NYSE:SCHW opened at $97.05 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $90.34 and a 200 day simple moving average of $82.81. The firm has a market cap of $176.33 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 0.93 and a beta of 0.93. The Charles Schwab Corporation has a 12-month low of $61.15 and a 12-month high of $98.28.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Friday, July 18th. The financial services provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.04. The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.64 billion. Charles Schwab had a net margin of 33.68% and a return on equity of 19.73%. The company's revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.73 EPS. On average, equities research analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 24th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 11.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.11%. The ex-dividend date is Friday, August 8th. Charles Schwab's dividend payout ratio is currently 29.03%.

Insider Transactions at Charles Schwab

In other news, insider Nigel J. Murtagh sold 20,872 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total value of $1,878,688.72. Following the completion of the sale, the insider directly owned 58,999 shares in the company, valued at approximately $5,310,499.99. The trade was a 26.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The disclosure for this sale can be found here. Insiders sold 116,313 shares of company stock valued at $10,264,091 over the last 90 days. Corporate insiders own 6.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SCHW shares. Barclays raised their price objective on Charles Schwab from $106.00 to $113.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. William Blair lowered shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. TD Securities raised their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Raymond James Financial restated an "outperform" rating and set a $99.00 target price on shares of Charles Schwab in a report on Friday, July 18th. Finally, Bank of America lifted their target price on shares of Charles Schwab from $83.00 to $84.00 and gave the company an "underperform" rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab has an average rating of "Moderate Buy" and a consensus price target of $98.65.

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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