The Charles Schwab Corporation $SCHW Position Increased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in The Charles Schwab Corporation by 131.2% during the second quarter, owning a total of 461,441 shares valued at approximately $42 million.
• Insider sales were noted, with Chairman Walter W. Bettinger selling 173,876 shares and insider Nigel J. Murtagh selling 24,096 shares, indicating a significant decrease in their positions.
• Charles Schwab announced a $20 billion share repurchase program and a quarterly dividend of $0.27, reflecting confidence in the company's valuation and financial health.

Robeco Institutional Asset Management B.V. lifted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 131.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 461,441 shares of the financial services provider's stock after acquiring an additional 261,856 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Charles Schwab were worth $42,102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SCHW. Pine Haven Investment Counsel Inc lifted its stake in Charles Schwab by 0.3% during the second quarter. Pine Haven Investment Counsel Inc now owns 41,793 shares of the financial services provider's stock valued at $3,813,000 after buying an additional 110 shares in the last quarter. Traveka Wealth LLC lifted its position in shares of Charles Schwab by 4.3% in the 2nd quarter. Traveka Wealth LLC now owns 2,841 shares of the financial services provider's stock valued at $259,000 after acquiring an additional 117 shares in the last quarter. Bank of Stockton lifted its position in shares of Charles Schwab by 1.2% in the 2nd quarter. Bank of Stockton now owns 10,593 shares of the financial services provider's stock valued at $967,000 after acquiring an additional 123 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in Charles Schwab by 1.6% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 7,986 shares of the financial services provider's stock worth $625,000 after purchasing an additional 129 shares during the period. Finally, HM Payson & Co. grew its position in Charles Schwab by 0.7% during the 1st quarter. HM Payson & Co. now owns 19,271 shares of the financial services provider's stock worth $1,509,000 after purchasing an additional 130 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman Walter W. Bettinger sold 173,876 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.84, for a total transaction of $17,185,903.84. Following the completion of the sale, the chairman directly owned 590,734 shares of the company's stock, valued at approximately $58,388,148.56. This represents a 22.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nigel J. Murtagh sold 24,096 shares of Charles Schwab stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $97.91, for a total transaction of $2,359,239.36. Following the completion of the transaction, the insider owned 58,999 shares in the company, valued at $5,776,592.09. This trade represents a 29.00% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 267,128 shares of company stock valued at $26,232,077. Insiders own 6.30% of the company's stock.

Charles Schwab Stock Up 1.5%

Charles Schwab stock opened at $94.13 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.47. The Charles Schwab Corporation has a 1-year low of $64.07 and a 1-year high of $99.59. The firm's fifty day simple moving average is $95.37 and its 200-day simple moving average is $88.57. The company has a market capitalization of $170.87 billion, a P/E ratio of 25.30, a P/E/G ratio of 0.90 and a beta of 0.97.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted 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. Charles Schwab had a net margin of 33.68% and a return on equity of 19.30%. The firm had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the prior year, the business posted $0.73 earnings per share. The business's quarterly revenue was up 24.8% on a year-over-year basis. Sell-side analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

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

Charles Schwab Announces Dividend

The business also recently announced 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 1.1%. The ex-dividend date was Friday, August 8th. Charles Schwab's payout ratio is 29.03%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Weiss Ratings restated a "hold (c+)" rating on shares of Charles Schwab in a report on Saturday, September 27th. Piper Sandler raised their price objective on Charles Schwab from $80.00 to $92.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Bank of America lifted their target price on Charles Schwab from $84.00 to $86.00 and gave the company an "underperform" rating in a research note on Thursday. Wells Fargo & Company set a $102.00 price target on shares of Charles Schwab and gave the stock an "overweight" rating in a research report on Friday, July 18th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Charles Schwab from $102.00 to $108.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Seventeen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.52.

About Charles Schwab

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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