The Charles Schwab Corporation $SCHW Shares Purchased by Kingswood Wealth Advisors LLC

Key Points

• Kingswood Wealth Advisors LLC increased its stake in The Charles Schwab Corporation by 65.3% during the second quarter, now owning 8,956 shares valued at approximately $817,000.
• Recent insider transactions include Paul V. Woolway selling 3,290 shares, and Walter W. Bettinger selling 173,876 shares, indicating significant trading activity among executives.
• Analysts hold a consensus rating of "Moderate Buy" for Charles Schwab, with an average price target of $100.57, reflecting optimism in the company's performance.

Kingswood Wealth Advisors LLC boosted its stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 65.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,956 shares of the financial services provider's stock after acquiring an additional 3,539 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Charles Schwab were worth $817,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. grew its stake in Charles Schwab by 75.0% in the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 150 shares during the period. RMG Wealth Management LLC acquired a new stake in Charles Schwab in the 2nd quarter valued at $27,000. CBIZ Investment Advisory Services LLC grew its stake in Charles Schwab by 97.9% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 191 shares during the period. Stone House Investment Management LLC purchased a new position in Charles Schwab in the 1st quarter valued at $31,000. Finally, Activest Wealth Management lifted its holdings in Charles Schwab by 6,650.0% in the 1st quarter. Activest Wealth Management now owns 405 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 399 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on SCHW. Morgan Stanley decreased their price objective on Charles Schwab to $130.00 and set an "overweight" rating on the stock in a report on Wednesday, October 1st. Citigroup boosted their price objective on shares of Charles Schwab from $105.00 to $110.00 and gave the company a "buy" rating in a report on Monday, July 21st. BMO Capital Markets began coverage on shares of Charles Schwab in a report on Friday, October 3rd. They issued an "outperform" rating and a $110.00 price objective on the stock. Wells Fargo & Company set a $102.00 price objective on shares of Charles Schwab and gave the company an "overweight" rating in a report on Friday, July 18th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Charles Schwab in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $100.57.

Insider Buying and Selling at Charles Schwab

In other news, insider Paul V. Woolway sold 3,290 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $96.06, for a total transaction of $316,037.40. Following the completion of the transaction, the insider directly owned 41,188 shares of the company's stock, valued at approximately $3,956,519.28. The trade was a 7.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Walter W. Bettinger sold 173,876 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $98.84, for a total value of $17,185,903.84. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 267,128 shares of company stock valued at $26,232,077. 6.30% of the stock is currently owned by company insiders.

Charles Schwab Stock Performance

NYSE SCHW opened at $93.82 on Thursday. The company has a market cap of $170.30 billion, a P/E ratio of 25.22, a P/E/G ratio of 0.91 and a beta of 0.97. 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 stock has a 50-day moving average of $95.11 and a two-hundred day moving average of $88.89. The Charles Schwab Corporation has a 1-year low of $64.97 and a 1-year high of $99.59.

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 for the quarter, beating the consensus estimate of $1.10 by $0.04. Charles Schwab had a return on equity of 19.30% 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 period in the previous year, the company posted $0.73 EPS. Charles Schwab's revenue was up 24.8% compared to the same quarter last year. As a group, analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Charles Schwab's payout ratio is currently 29.03%.

Charles Schwab announced that its board has authorized a stock repurchase program on Thursday, July 24th that allows the company to buyback $20.00 billion in 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 leadership believes its shares are undervalued.

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.

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