The Charles Schwab Corporation $SCHW Shares Purchased by Chatham Capital Group Inc.

Chatham Capital Group Inc. raised its stake in The Charles Schwab Corporation (NYSE:SCHW) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,242 shares of the financial services provider’s stock after acquiring an additional 1,105 shares during the period. Chatham Capital Group Inc.’s holdings in Charles Schwab were worth $4,128,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Atwood & Palmer Inc. bought a new stake in shares of Charles Schwab in the 1st quarter worth approximately $25,000. Westside Investment Management Inc. increased its position in Charles Schwab by 75.0% in the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider’s stock worth $27,000 after buying an additional 150 shares during the period. CBIZ Investment Advisory Services LLC increased its position in Charles Schwab by 97.9% in the first quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider’s stock worth $30,000 after buying an additional 191 shares during the period. Stone House Investment Management LLC bought a new stake in Charles Schwab in the first quarter valued at $31,000. Finally, Activest Wealth Management boosted its holdings in shares of Charles Schwab by 6,650.0% during the first quarter. Activest Wealth Management now owns 405 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 399 shares during the period. 84.38% of the stock is owned by institutional investors.

Charles Schwab Stock Up 0.8%

SCHW opened at $95.52 on Friday. The Charles Schwab Corporation has a one year low of $62.41 and a one year 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 stock’s fifty day moving average is $95.55 and its 200-day moving average is $88.04. The company has a market capitalization of $173.39 billion, a PE ratio of 25.68, a P/E/G ratio of 0.94 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last announced 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 analysts’ expectations of $5.64 billion. Charles Schwab had a return on equity of 19.30% and a net margin of 33.68%.The company’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the business posted $0.73 earnings per share. On average, equities analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab announced that its Board of Directors has approved a stock repurchase 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 repurchase up to 11.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Charles Schwab Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 8th. Charles Schwab’s payout ratio is presently 29.03%.

Insider Buying and Selling at Charles Schwab

In related news, insider Paul V. Woolway sold 3,205 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $95.20, for a total transaction of $305,116.00. Following the completion of the sale, the insider directly owned 37,983 shares of the company’s stock, valued at $3,615,981.60. This represents a 7.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nigel J. Murtagh sold 24,096 shares of Charles Schwab stock in a transaction that occurred 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 approximately $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 quarter, insiders sold 267,213 shares of company stock valued at $26,232,180. Corporate insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SCHW shares. Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $102.00 to $108.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Barclays upped their target price on shares of Charles Schwab from $106.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Bank of America lifted their price target on Charles Schwab from $83.00 to $84.00 and gave the company an “underperform” rating in a report on Monday, July 21st. Truist Financial increased their price objective on Charles Schwab from $107.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Finally, Wells Fargo & Company set a $102.00 price target on Charles Schwab and gave the stock an “overweight” rating in a research report on Friday, July 18th. Sixteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $100.00.

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.