One Wealth Advisors LLC Makes New Investment in The Charles Schwab Corporation (NYSE:SCHW)

One Wealth Advisors LLC bought a new position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,773 shares of the financial services provider's stock, valued at approximately $608,000.

Several other hedge funds also recently bought and sold shares of SCHW. Brighton Jones LLC increased its position in shares of Charles Schwab by 380.5% during the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock worth $1,794,000 after acquiring an additional 19,195 shares in the last quarter. LPL Financial LLC grew its position in Charles Schwab by 4.6% in the fourth quarter. LPL Financial LLC now owns 1,258,510 shares of the financial services provider's stock valued at $93,142,000 after purchasing an additional 55,118 shares in the last quarter. Congress Wealth Management LLC DE bought a new position in Charles Schwab in the fourth quarter valued at $221,000. Modern Wealth Management LLC grew its position in Charles Schwab by 39.1% in the fourth quarter. Modern Wealth Management LLC now owns 6,921 shares of the financial services provider's stock valued at $562,000 after purchasing an additional 1,945 shares in the last quarter. Finally, TIAA Trust National Association grew its position in Charles Schwab by 5.0% in the fourth quarter. TIAA Trust National Association now owns 22,816 shares of the financial services provider's stock valued at $1,689,000 after purchasing an additional 1,079 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Trading Up 0.6%

Shares of NYSE:SCHW traded up $0.55 during trading on Friday, reaching $97.05. The stock had a trading volume of 9,105,646 shares, compared to its average volume of 8,598,255. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53. The Charles Schwab Corporation has a 52 week low of $61.15 and a 52 week high of $98.28. The firm's fifty day moving average is $90.34 and its 200 day moving average is $82.81. The stock has a market cap of $176.33 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 0.93 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Friday, July 18th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.04. Charles Schwab had a net margin of 33.68% and a return on equity of 19.73%. The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the company earned $0.73 EPS. Charles Schwab's quarterly revenue was up 24.8% compared to the same quarter last year. As a group, equities analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

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

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be given a dividend of $0.27 per share. 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 1.11%. Charles Schwab's payout ratio is presently 29.03%.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Jonathan M. Craig sold 47,500 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nigel J. Murtagh sold 20,872 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total transaction of $1,878,688.72. Following the transaction, the insider owned 58,999 shares in the company, valued at approximately $5,310,499.99. The trade was a 26.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 116,313 shares of company stock worth $10,264,091 over the last ninety days. 6.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of analyst reports. Piper Sandler raised their target price on shares of Charles Schwab from $80.00 to $92.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Barclays lifted their price objective on shares of Charles Schwab from $106.00 to $113.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Cowen reissued a "buy" rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Bank of America lifted their price objective on shares of Charles Schwab from $83.00 to $84.00 and gave the company an "underperform" rating in a research report on Monday. Finally, Citigroup raised their target price on shares of Charles Schwab from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday. Two analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of "Moderate Buy" and a consensus price target of $98.65.

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.