Coppell Advisory Solutions LLC Has $925,000 Position in The Charles Schwab Corporation $SCHW

Key Points

• Coppell Advisory Solutions LLC increased its holdings in The Charles Schwab Corporation by 432.4%, owning 11,388 shares valued at $925,000.
• Other institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., also raised their stakes in Charles Schwab, contributing to a collective 84.38% institutional ownership of the stock.
• Charles Schwab announced a $20 billion share repurchase plan and a quarterly dividend of $0.27 per share, reflecting the board's belief in the company's value.

Coppell Advisory Solutions LLC raised its position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 432.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,388 shares of the financial services provider's stock after acquiring an additional 9,249 shares during the period. Coppell Advisory Solutions LLC's holdings in Charles Schwab were worth $925,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Atwood & Palmer Inc. acquired a new stake in Charles Schwab in the 1st quarter worth about $25,000. Westside Investment Management Inc. increased its holdings in shares of Charles Schwab by 75.0% during the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock worth $27,000 after purchasing an additional 150 shares during the period. Stone House Investment Management LLC acquired a new stake in shares of Charles Schwab in the first quarter valued at approximately $31,000. Activest Wealth Management boosted its stake in shares of Charles Schwab by 6,650.0% in the first quarter. Activest Wealth Management now owns 405 shares of the financial services provider's stock valued at $32,000 after buying an additional 399 shares during the period. Finally, WFA Asset Management Corp acquired a new stake in Charles Schwab during the first quarter worth approximately $33,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several analyst reports. Barclays lifted their price objective on Charles Schwab from $106.00 to $113.00 and gave the company an "overweight" rating in a report on Friday, July 18th. JMP Securities upped their price objective on shares of Charles Schwab from $106.00 to $110.00 and gave the stock a "market outperform" rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $102.00 to $108.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Redburn Atlantic upgraded shares of Charles Schwab from a "sell" rating to a "neutral" rating and boosted their target price for the company from $65.00 to $82.00 in a research report on Monday, June 9th. Finally, Cowen reiterated a "buy" rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Sixteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Charles Schwab has a consensus rating of "Moderate Buy" and a consensus target price of $99.60.

Charles Schwab Price Performance

Charles Schwab stock traded down $0.44 during mid-day trading on Friday, reaching $93.50. The company had a trading volume of 7,701,819 shares, compared to its average volume of 9,938,769. The business has a fifty day simple moving average of $95.36 and a 200 day simple moving average of $86.66. The company has a market cap of $169.72 billion, a P/E ratio of 25.13, a P/E/G ratio of 0.91 and a beta of 0.96. The Charles Schwab Corporation has a fifty-two week low of $61.81 and a fifty-two week high of $99.59. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.47.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.04. Charles Schwab had a net margin of 33.68% and a return on equity of 19.30%. The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the prior year, the business earned $0.73 earnings per share. The company's revenue for the quarter was up 24.8% compared to the same quarter last year. On average, equities research analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were given a dividend of $0.27 per share. The ex-dividend date 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 currently 29.03%.

Charles Schwab declared that its board has authorized a stock buyback program on Thursday, July 24th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 11.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other Charles Schwab news, insider Nigel J. Murtagh sold 24,096 shares of the company's stock in a transaction dated 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 sale, the insider owned 58,999 shares in the company, valued at approximately $5,776,592.09. The trade was a 29.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Walter W. Bettinger sold 173,876 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $98.84, for a total transaction of $17,185,903.84. Following the sale, the chairman directly owned 590,734 shares of the company's stock, valued at $58,388,148.56. This represents a 22.74% 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 over the last quarter. 6.30% of the stock is currently owned by company insiders.

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.