Headlands Technologies LLC Sells 36,525 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Key Points

• Headlands Technologies LLC reduced its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 61.9%, selling 36,525 shares and owning 22,438 shares worth approximately $1,756,000 as of its latest SEC filing.
• The company's quarterly earnings reported an EPS of $1.14, exceeding analyst expectations of $1.10, while revenue rose to $5.85 billion, up 24.8% year-over-year.
• Charles Schwab declared a quarterly dividend of $0.27 per share, with a total annualized dividend of $1.08 and a dividend yield of 1.1%.

Headlands Technologies LLC lowered its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 61.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,438 shares of the financial services provider's stock after selling 36,525 shares during the period. Headlands Technologies LLC's holdings in Charles Schwab were worth $1,756,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Atwood & Palmer Inc. bought a new stake in shares of Charles Schwab during the 1st quarter worth approximately $25,000. Westside Investment Management Inc. lifted its holdings in shares of Charles Schwab by 75.0% during the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock worth $27,000 after acquiring an additional 150 shares during the period. WFA Asset Management Corp bought a new stake in shares of Charles Schwab during the 1st quarter worth approximately $33,000. Cornerstone Planning Group LLC increased its position in Charles Schwab by 90.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider's stock worth $36,000 after purchasing an additional 220 shares in the last quarter. Finally, Beacon Capital Management LLC increased its position in Charles Schwab by 53.1% during the 1st quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock worth $38,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 84.38% of the company's stock.

Charles Schwab Price Performance

Charles Schwab stock traded up $1.06 during mid-day trading on Friday, hitting $97.05. 5,031,212 shares of the company traded hands, compared to its average volume of 9,189,867. The Charles Schwab Corporation has a one year low of $61.16 and a one year high of $99.59. The stock has a market cap of $176.34 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 0.93 and a beta of 0.96. 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 stock has a fifty day moving average price of $92.15 and a 200-day moving average price of $84.38.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $5.85 billion during the quarter, compared to analysts' expectations of $5.64 billion. Charles Schwab had a net margin of 33.68% and a return on equity of 19.73%. The firm's revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. On average, equities analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 8th. Charles Schwab's payout ratio is presently 29.03%.

Charles Schwab declared that its Board of Directors has initiated a share buyback plan on Thursday, July 24th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 11.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SCHW shares. Truist Financial upped their price objective on shares of Charles Schwab from $100.00 to $107.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Piper Sandler upped their price objective on shares of Charles Schwab from $80.00 to $92.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Citigroup upped their price objective on shares of Charles Schwab from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $102.00 to $108.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, Cowen reiterated a "buy" rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $99.35.

Insider Buying and Selling

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 10,176 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total transaction of $889,280.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan M. Craig sold 47,500 shares of the business'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 disclosure for this sale can be found here. Insiders sold 308,016 shares of company stock valued at $29,341,433 over the last quarter. 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.