Capital Management Associates Inc Sells 4,105 Shares of The Charles Schwab Corporation $SCHW

Key Points

• Capital Management Associates Inc has significantly reduced its stake in The Charles Schwab Corporation by 50.4%, now holding only 4,045 shares valued at $369,000.
• Insider transactions have been notable, with Paul V. Woolway selling 3,290 shares and Nigel J. Murtagh selling 24,096 shares recently, indicating a decrease in their ownership positions.
• Charles Schwab also announced a $20 billion share repurchase program, signaling confidence in the stock's undervaluation amidst institutional ownership standing at 84.38%.

Capital Management Associates Inc reduced its stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 50.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,045 shares of the financial services provider's stock after selling 4,105 shares during the quarter. Capital Management Associates Inc's holdings in Charles Schwab were worth $369,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. lifted its position in Charles Schwab by 75.0% in the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. RMG Wealth Management LLC bought a new stake in Charles Schwab in the 2nd quarter valued at $27,000. CBIZ Investment Advisory Services LLC lifted its position in Charles Schwab by 97.9% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 191 shares in the last quarter. Stone House Investment Management LLC bought a new stake in Charles Schwab in the 1st quarter valued at $31,000. Finally, Activest Wealth Management lifted its position in Charles Schwab by 6,650.0% in the 1st quarter. Activest Wealth Management now owns 405 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 399 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Insider Activity at Charles Schwab

In other news, insider Paul V. Woolway sold 3,290 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $96.06, for a total transaction of $316,037.40. Following the transaction, the insider directly owned 41,188 shares in the company, valued at $3,956,519.28. The trade was a 7.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nigel J. Murtagh sold 24,096 shares of Charles Schwab stock in a transaction dated 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 $5,776,592.09. The trade was a 29.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 267,128 shares of company stock worth $26,232,077 over the last ninety days. Company insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SCHW. Morgan Stanley cut their price objective on shares of Charles Schwab to $130.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 1st. Raymond James Financial reiterated an "outperform" rating and issued a $99.00 price target on shares of Charles Schwab in a research note on Friday, July 18th. Piper Sandler lifted their price target on shares of Charles Schwab from $80.00 to $92.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. JMP Securities lifted their price target on shares of Charles Schwab from $106.00 to $110.00 and gave the company a "market outperform" rating in a research note on Monday, July 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Charles Schwab from $114.00 to $113.00 and set a "buy" rating on the stock in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of "Moderate Buy" and an average price target of $100.57.

Charles Schwab Stock Down 0.2%

Charles Schwab stock opened at $93.82 on Thursday. The firm has a market capitalization of $170.30 billion, a PE ratio of 25.22, a P/E/G ratio of 0.91 and a beta of 0.97. The company's 50-day moving average is $95.11 and its 200-day moving average is $88.89. The Charles Schwab Corporation has a fifty-two week low of $64.97 and a fifty-two week high of $99.59. 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, topping the consensus estimate of $1.10 by $0.04. The company had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.64 billion. Charles Schwab had a net margin of 33.68% and a return on equity of 19.30%. Charles Schwab's revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 EPS. Sell-side analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

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

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, August 8th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Charles Schwab's payout ratio is currently 29.03%.

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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