Focus Partners Advisor Solutions LLC Purchases 5,039 Shares of The Charles Schwab Corporation $SCHW

Key Points

• Focus Partners Advisor Solutions LLC significantly increased its stake in The Charles Schwab Corporation by over 106%, now owning nearly 10,000 shares valued at approximately $765,000.
• A number of analysts have raised their price targets for Schwab shares, with TD Securities setting a new target of $113.00 while the consensus target stands at $99.60 amid a strong overall rating of "Moderate Buy."
• Charles Schwab announced a substantial $20 billion share repurchase plan, indicating confidence in the stock's value and commitment to returning capital to shareholders.

Focus Partners Advisor Solutions LLC lifted its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 106.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,774 shares of the financial services provider's stock after buying an additional 5,039 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Charles Schwab were worth $765,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cary Street Partners Financial LLC bought a new stake in shares of Charles Schwab in the fourth quarter worth about $1,455,000. Independent Advisor Alliance increased its position in shares of Charles Schwab by 13.8% during the first quarter. Independent Advisor Alliance now owns 39,103 shares of the financial services provider's stock worth $3,061,000 after acquiring an additional 4,754 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Charles Schwab by 6.2% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,181,563 shares of the financial services provider's stock worth $92,493,000 after acquiring an additional 68,858 shares in the last quarter. Graham Capital Management L.P. increased its position in shares of Charles Schwab by 248.3% during the fourth quarter. Graham Capital Management L.P. now owns 112,376 shares of the financial services provider's stock worth $8,317,000 after acquiring an additional 80,112 shares in the last quarter. Finally, World Investment Advisors increased its position in shares of Charles Schwab by 7.6% during the first quarter. World Investment Advisors now owns 163,007 shares of the financial services provider's stock worth $12,760,000 after acquiring an additional 11,505 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on SCHW shares. TD Securities increased their target price on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Keefe, Bruyette & Woods increased their price objective on Charles Schwab from $102.00 to $108.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Morgan Stanley increased their price objective on Charles Schwab from $117.00 to $131.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Piper Sandler increased their price objective on Charles Schwab from $80.00 to $92.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Finally, Wells Fargo & Company set a $102.00 price target on shares of Charles Schwab and gave the stock an "overweight" rating in a research note on Friday, July 18th. Sixteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $99.60.

Charles Schwab Stock Performance

Shares of SCHW opened at $96.06 on Thursday. The Charles Schwab Corporation has a one year low of $61.16 and a one year 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. The company has a market cap of $174.36 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 0.94 and a beta of 0.96. The firm has a 50-day moving average of $94.99 and a 200-day moving average of $86.13.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results 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. The business had revenue of $5.85 billion during the quarter, compared to the consensus estimate 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 was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 EPS. As a group, equities analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

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

Charles Schwab announced that its board has authorized a share repurchase plan on Thursday, July 24th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 11.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its stock is undervalued.

Insider Transactions at Charles Schwab

In related news, insider Nigel J. Murtagh sold 24,096 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 58,999 shares in the company, valued at approximately $5,776,592.09. The trade was a 29.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jonathan S. Beatty sold 6,144 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $96.81, for a total value of $594,800.64. Following the completion of the sale, the insider owned 11,923 shares of the company's stock, valued at approximately $1,154,265.63. This trade represents a 34.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 298,214 shares of company stock worth $29,022,580. Company insiders own 6.30% of the company's stock.

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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