Advyzon Investment Management LLC Makes New $288,000 Investment in The Charles Schwab Corporation (NYSE:SCHW)

Key Points

• Advyzon Investment Management LLC has acquired a new stake in The Charles Schwab Corporation, purchasing 3,681 shares valued at approximately $288,000 during Q1.
• Insider transactions included Chairman Walter W. Bettinger selling over 173,000 shares for approximately $17.2 million, reducing his position by 22.74%.
• Charles Schwab announced a $20 billion share buyback plan and a quarterly dividend of $0.27, reflecting the company's confidence in its stock valuation.

Advyzon Investment Management LLC purchased a new position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,681 shares of the financial services provider's stock, valued at approximately $288,000.

A number of other hedge funds have also recently added to or reduced their stakes in SCHW. Kovitz Investment Group Partners LLC boosted its stake in Charles Schwab by 354.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 11,005,881 shares of the financial services provider's stock valued at $814,545,000 after acquiring an additional 8,584,173 shares during the last quarter. FMR LLC boosted its position in shares of Charles Schwab by 69.4% in the 4th quarter. FMR LLC now owns 9,700,013 shares of the financial services provider's stock worth $717,898,000 after purchasing an additional 3,974,940 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Charles Schwab by 742.0% during the fourth quarter. Marshall Wace LLP now owns 4,181,202 shares of the financial services provider's stock worth $309,451,000 after purchasing an additional 3,684,640 shares during the period. PointState Capital LP bought a new stake in Charles Schwab in the fourth quarter valued at about $237,280,000. Finally, Farallon Capital Management LLC acquired a new position in Charles Schwab in the fourth quarter valued at about $234,538,000. Institutional investors own 84.38% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods upped their price target on Charles Schwab from $102.00 to $108.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. UBS Group upped their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Redburn Atlantic raised shares of Charles Schwab from a "sell" rating to a "neutral" rating and boosted their price target for the company from $65.00 to $82.00 in a report on Monday, June 9th. TD Securities raised their price objective on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Finally, Wells Fargo & Company set a $102.00 target price on Charles Schwab and gave the stock an "overweight" rating in a report on Friday, July 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $99.35.

Charles Schwab Stock Down 0.8%

Shares of NYSE:SCHW traded down $0.81 during midday trading on Thursday, reaching $95.91. The company had a trading volume of 7,260,222 shares, compared to its average volume of 9,161,237. The Charles Schwab Corporation has a 1-year low of $61.16 and a 1-year high of $99.59. The stock has a market cap of $174.26 billion, a PE ratio of 25.78, a P/E/G ratio of 0.93 and a beta of 0.96. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53. The business's 50 day moving average price is $91.98 and its 200 day moving average price is $84.24.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.04. The company had revenue of $5.85 billion for the quarter, compared to analysts' expectations of $5.64 billion. Charles Schwab had a return on equity of 19.73% and a net margin of 33.68%. The business's revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.73 EPS. Research analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, August 8th. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. Charles Schwab's payout ratio is currently 29.03%.

Charles Schwab declared that its Board of Directors has approved a share buyback plan 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 reacquire up to 11.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Insider Activity at Charles Schwab

In related news, insider Paul V. Woolway sold 10,129 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 transaction of $911,711.29. Following the transaction, the insider directly owned 39,154 shares of the company's stock, valued at approximately $3,524,251.54. The trade was a 20.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nigel J. Murtagh sold 24,096 shares of the firm's stock in a transaction 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 directly owned 58,999 shares of the company's stock, valued at $5,776,592.09. This represents a 29.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 308,016 shares of company stock worth $29,341,433 over the last ninety days. Company insiders own 6.30% of the company's stock.

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.