GW Henssler & Associates Ltd. Cuts Holdings in The Charles Schwab Corporation $SCHW

GW Henssler & Associates Ltd. trimmed its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 3.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 265,119 shares of the financial services provider’s stock after selling 8,166 shares during the period. Charles Schwab accounts for about 1.3% of GW Henssler & Associates Ltd.’s investment portfolio, making the stock its 23rd biggest holding. GW Henssler & Associates Ltd.’s holdings in Charles Schwab were worth $24,189,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bain Capital Public Equity Management II LLC purchased a new position in shares of Charles Schwab during the 1st quarter worth approximately $79,605,000. Independent Advisor Alliance grew its holdings in shares of Charles Schwab by 13.8% in the 1st quarter. Independent Advisor Alliance now owns 39,103 shares of the financial services provider’s stock worth $3,061,000 after acquiring an additional 4,754 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Charles Schwab by 6.2% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,181,563 shares of the financial services provider’s stock worth $92,493,000 after acquiring an additional 68,858 shares during the period. PFG Investments LLC grew its holdings in shares of Charles Schwab by 10.2% in the 2nd quarter. PFG Investments LLC now owns 5,951 shares of the financial services provider’s stock worth $543,000 after acquiring an additional 550 shares during the period. Finally, United Services Automobile Association grew its holdings in shares of Charles Schwab by 14.1% in the 1st quarter. United Services Automobile Association now owns 39,512 shares of the financial services provider’s stock worth $3,074,000 after acquiring an additional 4,869 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 173,876 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $98.84, for a total transaction of $17,185,903.84. Following the transaction, the chairman owned 590,734 shares of the company’s stock, valued at $58,388,148.56. This represents a 22.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Nigel J. Murtagh sold 24,096 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $97.91, for a total value of $2,359,239.36. Following the transaction, the insider directly owned 58,999 shares in the company, valued at approximately $5,776,592.09. This represents a 29.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 267,128 shares of company stock worth $26,232,077. Company insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SCHW. Weiss Ratings restated a “hold (c+)” rating on shares of Charles Schwab in a report on Wednesday. Piper Sandler upped their price target on Charles Schwab from $80.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Wells Fargo & Company set a $102.00 price target on Charles Schwab and gave the stock an “overweight” rating in a report on Friday, July 18th. Zacks Research cut Charles Schwab from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Finally, Raymond James Financial restated an “outperform” rating and issued a $99.00 price target on shares of Charles Schwab in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $100.57.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $92.08 on Friday. The business’s fifty day moving average price is $94.97 and its two-hundred day moving average price is $89.13. The stock has a market cap of $167.15 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. 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 Charles Schwab Corporation has a one year low of $65.88 and a one year high of $99.59.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.04. The firm had revenue of $5.85 billion for 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%.Charles Schwab’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 EPS. On average, analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab declared that its Board of Directors has authorized a share repurchase program on Thursday, July 24th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the financial services provider to buy up to 11.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Charles Schwab Dividend Announcement

The firm also recently declared 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 8th. Charles Schwab’s dividend payout ratio is currently 29.03%.

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.