Dempze Nancy E Buys New Position in The Charles Schwab Corporation $SCHW

Key Points

• Dempze Nancy E acquired a new stake of 7,455 shares in The Charles Schwab Corporation, valued at approximately $680,000, during the second quarter.
• Institutional investors collectively own 84.38% of Charles Schwab's stock, reflecting significant interest from hedge funds and other institutional players.
• The company reported a 24.8% year-over-year revenue increase for the last quarter, highlighting strong financial performance with an EPS of $1.14, exceeding analysts' expectations.

Dempze Nancy E bought a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,455 shares of the financial services provider's stock, valued at approximately $680,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. RMG Wealth Management LLC bought a new position in shares of Charles Schwab during the second quarter valued at approximately $27,000. Westside Investment Management Inc. raised its holdings in Charles Schwab by 75.0% in 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 in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in Charles Schwab by 97.9% in the first quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider's stock worth $30,000 after purchasing an additional 191 shares in the last quarter. Stone House Investment Management LLC bought a new position in Charles Schwab in the first quarter worth $31,000. Finally, Activest Wealth Management raised its holdings in Charles Schwab by 6,650.0% in the first quarter. Activest Wealth Management now owns 405 shares of the financial services provider's stock worth $32,000 after purchasing an additional 399 shares in the last quarter. Institutional investors own 84.38% of the company's stock.

Wall Street Analyst Weigh In

SCHW has been the subject of a number of research reports. Zacks Research downgraded Charles Schwab from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 17th. Raymond James Financial reiterated an "outperform" rating and issued a $99.00 price objective on shares of Charles Schwab in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on Charles Schwab from $114.00 to $113.00 and set a "buy" rating for the company in a report on Tuesday, September 16th. William Blair downgraded Charles Schwab from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. Finally, Bank of America increased their target price on Charles Schwab from $84.00 to $86.00 and gave the stock an "underperform" rating in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $100.57.

Charles Schwab Price Performance

NYSE SCHW opened at $93.82 on Thursday. The Charles Schwab Corporation has a one year low of $64.97 and a one year high of $99.59. The stock has a 50-day moving average of $95.11 and a 200 day moving average of $88.89. The company has a market capitalization of $170.30 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 0.91 and a beta of 0.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.55 and a current 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 EPS for the quarter, topping the consensus estimate of $1.10 by $0.04. Charles Schwab had a return on equity of 19.30% and a net margin of 33.68%.The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period last year, the company earned $0.73 EPS. Charles Schwab's revenue for the quarter was up 24.8% on a year-over-year basis. On average, sell-side analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 8th. Charles Schwab's dividend payout ratio (DPR) is presently 29.03%.

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

Insider Buying and Selling

In related news, insider Paul V. Woolway sold 3,205 shares of Charles Schwab stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $93.33, for a total value of $299,122.65. Following the completion of the sale, the insider directly owned 34,778 shares in the company, valued at approximately $3,245,830.74. This trade represents a 8.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $2,359,239.36. Following the completion of the sale, the insider owned 58,999 shares of the company's stock, valued at $5,776,592.09. The trade was a 29.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 267,128 shares of company stock worth $26,232,077 in the last three months. 6.30% of the stock is currently owned by company insiders.

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.

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