AG2R LA Mondiale Gestion D Actifs Invests $4.99 Million in The Charles Schwab Corporation $SCHW

Key Points

• AG2R LA Mondiale Gestion D Actifs invested approximately $4.99 million in The Charles Schwab Corporation, acquiring 63,766 shares in the first quarter.
• Wall Street analysts are optimistic about Charles Schwab, with a consensus rating of "Moderate Buy" and a target price of $99.60, showing significant analyst upgrades recently.
• Charles Schwab has announced a $20 billion share buyback plan alongside a recent quarterly dividend of $0.27 per share, indicating confidence in the company's value.

AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 63,766 shares of the financial services provider's stock, valued at approximately $4,992,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atwood & Palmer Inc. purchased a new position in Charles Schwab during the 1st quarter worth approximately $25,000. Westside Investment Management Inc. lifted its position in Charles Schwab by 75.0% during the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock worth $27,000 after acquiring an additional 150 shares during the period. CBIZ Investment Advisory Services LLC lifted its position in Charles Schwab by 97.9% during 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 during the period. Stone House Investment Management LLC acquired a new stake in Charles Schwab during the 1st quarter worth approximately $31,000. Finally, Activest Wealth Management lifted its position 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 worth $32,000 after acquiring an additional 399 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SCHW. Citigroup increased their price objective on Charles Schwab from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Wells Fargo & Company set a $102.00 price objective on Charles Schwab and gave the stock an "overweight" rating in a research report on Friday, July 18th. Bank of America raised their price target on Charles Schwab from $83.00 to $84.00 and gave the company an "underperform" rating in a report on Monday, July 21st. Redburn Atlantic raised Charles Schwab from a "sell" rating to a "neutral" rating and raised their price target for the company from $65.00 to $82.00 in a report on Monday, June 9th. Finally, Keefe, Bruyette & Woods raised their price target on Charles Schwab from $102.00 to $108.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Sixteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $99.60.

Charles Schwab Stock Performance

NYSE SCHW opened at $93.90 on Friday. The Charles Schwab Corporation has a 1-year low of $61.16 and a 1-year high of $99.59. The company has a market capitalization of $170.45 billion, a P/E ratio of 25.24, a PEG ratio of 0.91 and a beta of 0.96. The business has a 50 day moving average price of $95.36 and a 200 day moving average price of $86.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.55 and a quick ratio of 0.55.

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

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a dividend of $0.27 per share. The ex-dividend date of this dividend 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 presently 29.03%.

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

Insider Activity at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 50,016 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $97.00, for a total transaction of $4,851,552.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nigel J. Murtagh sold 24,096 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $97.91, for a total value of $2,359,239.36. Following the transaction, the insider directly owned 58,999 shares of the company's stock, valued at $5,776,592.09. The trade was a 29.00% 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. 6.30% of the stock is owned by insiders.

Charles Schwab 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.

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