The Charles Schwab Corporation $SCHW Shares Sold by GW Henssler & Associates Ltd.

Key Points

• GW Henssler & Associates Ltd. has reduced its stake in The Charles Schwab Corporation by 3.0%, owning 265,119 shares worth approximately $24.2 million after selling 8,166 shares in the second quarter.
• Charles Schwab reported earnings per share of $1.14 for the last quarter, surpassing the consensus estimate, reflecting a 24.8% year-over-year increase in revenue.
• The company recently announced a $20 billion stock buyback plan, allowing it to purchase up to 11.6% of its shares, indicating management's belief that the stock is undervalued.

GW Henssler & Associates Ltd. trimmed its stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 3.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,119 shares of the financial services provider's stock after selling 8,166 shares during the quarter. Charles Schwab accounts for 1.3% of GW Henssler & Associates Ltd.'s holdings, making the stock its 23rd largest holding. GW Henssler & Associates Ltd.'s holdings in Charles Schwab were worth $24,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Charles Schwab by 380.5% during the 4th 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. GAMMA Investing LLC boosted its position in shares of Charles Schwab by 28.2% during the 1st quarter. GAMMA Investing LLC now owns 27,122 shares of the financial services provider's stock worth $2,123,000 after acquiring an additional 5,973 shares in the last quarter. Rockland Trust Co. acquired a new position in shares of Charles Schwab during the 1st quarter worth about $361,000. NorthCrest Asset Manangement LLC boosted its position in shares of Charles Schwab by 16.7% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 17,725 shares of the financial services provider's stock worth $1,387,000 after acquiring an additional 2,537 shares in the last quarter. Finally, RMR Wealth Builders boosted its position in shares of Charles Schwab by 2.8% during the 1st quarter. RMR Wealth Builders now owns 7,493 shares of the financial services provider's stock worth $587,000 after acquiring an additional 201 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Stock Down 2.1%

Charles Schwab stock opened at $92.08 on Friday. The Charles Schwab Corporation has a fifty-two week low of $65.88 and a fifty-two week high of $99.59. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market capitalization of $167.15 billion, a P/E ratio of 24.75, a PEG ratio of 0.89 and a beta of 0.97. The stock has a 50-day simple moving average of $94.97 and a 200-day simple moving average of $89.13.

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

Charles Schwab Announces Dividend

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

Charles Schwab announced that its board has approved a stock buyback plan on Thursday, July 24th that authorizes the company to buyback $20.00 billion in 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 often an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

SCHW has been the subject of several analyst reports. JMP Securities upped their price objective on Charles Schwab from $106.00 to $110.00 and gave the stock a "market outperform" rating in a research report on Monday, July 21st. Wells Fargo & Company set a $102.00 price objective on Charles Schwab and gave the stock an "overweight" rating in a research report on Friday, July 18th. Keefe, Bruyette & Woods upped their price objective on Charles Schwab from $102.00 to $108.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. William Blair cut Charles Schwab from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Charles Schwab in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.57.

Insider Activity

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 50,016 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $97.00, for a total transaction of $4,851,552.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Walter W. Bettinger sold 173,876 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $98.84, for a total value of $17,185,903.84. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 267,128 shares of company stock worth $26,232,077 over the last quarter. 6.30% of the stock is owned by insiders.

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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