Inspire Advisors LLC Has $906,000 Stock Position in The Charles Schwab Corporation (NYSE:SCHW)

Key Points

• Inspire Advisors LLC significantly reduced its stake in The Charles Schwab Corporation by 41.6%, now holding 11,576 shares valued at approximately $906,000.
• Several institutional investors have increased their holdings in Charles Schwab, with Kovitz Investment Group Partners LLC boosting its position by 354.5% in the last quarter.
• Charles Schwab recently reported a quarterly earnings per share of $1.14, surpassing analysts' expectations, and announced a quarterly dividend of $0.27 per share.

Inspire Advisors LLC lowered its position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 41.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,576 shares of the financial services provider's stock after selling 8,232 shares during the quarter. Inspire Advisors LLC's holdings in Charles Schwab were worth $906,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Atwood & Palmer Inc. purchased a new stake in shares of Charles Schwab during the first quarter valued at $25,000. Westside Investment Management Inc. lifted 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 valued at $27,000 after purchasing an additional 150 shares during the last quarter. WFA Asset Management Corp purchased a new stake in shares of Charles Schwab during the first quarter valued at $33,000. Cornerstone Planning Group LLC lifted its holdings in shares of Charles Schwab by 90.5% during the first quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 220 shares during the last quarter. Finally, Beacon Capital Management LLC lifted its holdings in shares of Charles Schwab by 53.1% during the first quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 169 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

Insider Buying and Selling

In related news, General Counsel Peter J. Morgan III sold 10,176 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total transaction of $889,280.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan S. Beatty sold 2,850 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $87.57, for a total value of $249,574.50. Following the sale, the insider directly owned 15,219 shares of the company's stock, valued at $1,332,727.83. This represents a 15.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,754 shares of company stock worth $9,480,253. 6.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SCHW has been the subject of several research analyst reports. UBS Group increased their price objective on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. William Blair downgraded Charles Schwab from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Bank of America increased 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. Raymond James Financial reissued an "outperform" rating and issued a $99.00 price objective on shares of Charles Schwab in a research note on Friday, July 18th. Finally, JMP Securities increased their price objective on Charles Schwab from $106.00 to $110.00 and gave the stock a "market outperform" rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and a consensus target price of $99.35.

Charles Schwab Stock Performance

SCHW traded down $0.19 during midday trading on Thursday, reaching $98.39. The company's stock had a trading volume of 2,529,383 shares, compared to its average volume of 10,165,049. The stock has a market cap of $178.76 billion, a P/E ratio of 26.47, a PEG ratio of 0.94 and a beta of 0.93. The company has a fifty day simple moving average of $90.91 and a 200 day simple moving average of $83.33. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. The Charles Schwab Corporation has a twelve month low of $61.15 and a twelve month high of $99.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.04. Charles Schwab had a return on equity of 19.73% 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 quarter last year, the company earned $0.73 EPS. The company's quarterly revenue was up 24.8% on a year-over-year basis. Research analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

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

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.10%. Charles Schwab's dividend 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.