Capital Analysts LLC Has $4.14 Million Holdings in The Charles Schwab Corporation $SCHW

Key Points

• Capital Analysts LLC increased its holdings in The Charles Schwab Corporation by 6.2%, acquiring an additional 3,087 shares to reach a total of 52,882 shares, valued at approximately $4.14 million.
• Insider transactions showed significant sales, with Paul V. Woolway and Nigel J. Murtagh selling over 34,000 shares combined, reflecting a decrease in their ownership amounts.
• Analysts have set new price targets for Schwab's stock, with Citigroup and JMP Securities raising their price targets to $110.00, indicating a positive outlook on the stock despite mixed ratings from other analysts.

Capital Analysts LLC raised its stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,882 shares of the financial services provider's stock after buying an additional 3,087 shares during the period. Capital Analysts LLC's holdings in Charles Schwab were worth $4,140,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Charles Schwab by 15.4% in the first quarter. Vanguard Group Inc. now owns 148,395,252 shares of the financial services provider's stock worth $11,616,380,000 after purchasing an additional 19,817,022 shares during the period. Wellington Management Group LLP increased its stake in shares of Charles Schwab by 595.7% in the first quarter. Wellington Management Group LLP now owns 15,488,777 shares of the financial services provider's stock worth $1,212,461,000 after purchasing an additional 13,262,309 shares during the period. Primecap Management Co. CA increased its stake in shares of Charles Schwab by 229.3% in the first quarter. Primecap Management Co. CA now owns 14,002,078 shares of the financial services provider's stock worth $1,096,083,000 after purchasing an additional 9,749,728 shares during the period. Kovitz Investment Group Partners LLC increased its stake in shares of 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 worth $814,545,000 after purchasing an additional 8,584,173 shares during the period. Finally, Nuveen LLC bought a new position in shares of Charles Schwab in the first quarter worth about $440,699,000. 84.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SCHW has been the topic of a number of recent analyst reports. TD Securities lifted 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. William Blair lowered Charles Schwab from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Truist Financial lifted their price objective on Charles Schwab from $107.00 to $112.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Raymond James Financial reiterated an "outperform" rating and issued a $99.00 price objective on shares of Charles Schwab in a research note on Friday, July 18th. Finally, Bank of America lifted their price objective on Charles Schwab from $83.00 to $84.00 and gave the stock an "underperform" rating in a research note on Monday, July 21st. Sixteen 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $99.60.

Charles Schwab Price Performance

NYSE SCHW traded down $0.1690 during trading on Friday, reaching $95.6510. 12,859,422 shares of the company traded hands, compared to its average volume of 7,972,781. 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 stock's 50 day moving average price is $93.85 and its two-hundred day moving average price is $85.37. The company has a market cap of $173.63 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 0.94 and a beta of 0.96. The Charles Schwab Corporation has a 1-year low of $61.16 and a 1-year high of $99.59.

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 analysts' consensus estimates of $1.10 by $0.04. The company had revenue of $5.85 billion for 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%.The company's quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 earnings per share. As a group, analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 8th. Charles Schwab's payout ratio is presently 29.03%.

Charles Schwab declared that its Board of Directors has approved a stock repurchase program on Thursday, July 24th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 11.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Nigel J. Murtagh sold 24,096 shares of Charles Schwab stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $97.91, for a total transaction of $2,359,239.36. Following the sale, the insider directly owned 58,999 shares of the company's stock, valued at approximately $5,776,592.09. The trade was a 29.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Walter W. Bettinger sold 173,876 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $98.84, for a total value of $17,185,903.84. Following the completion of the transaction, the chairman directly owned 590,734 shares in the company, valued at $58,388,148.56. The trade was a 22.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 250,340 shares of company stock valued at $24,250,303. Corporate insiders own 6.30% of the company's stock.

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.