Nisa Investment Advisors LLC Has $40.96 Million Stake in The Charles Schwab Corporation $SCHW

Nisa Investment Advisors LLC reduced its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 12.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 448,963 shares of the financial services provider’s stock after selling 64,551 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Charles Schwab were worth $40,963,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Princeton Global Asset Management LLC acquired a new stake in shares of Charles Schwab during the 2nd quarter worth approximately $25,000. Westside Investment Management Inc. grew its holdings in Charles Schwab by 75.0% during the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 150 shares during the period. RMG Wealth Management LLC bought a new stake in shares of Charles Schwab during the 2nd quarter valued at $27,000. CBIZ Investment Advisory Services LLC lifted its stake in shares of 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 purchasing an additional 191 shares during the period. Finally, Stone House Investment Management LLC bought a new position in shares of Charles Schwab in the 1st quarter worth $31,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity

In related news, insider Paul V. Woolway sold 3,290 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $96.06, for a total transaction of $316,037.40. Following the completion of the transaction, the insider owned 41,188 shares in the company, valued at approximately $3,956,519.28. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Walter W. Bettinger sold 173,876 shares of Charles Schwab 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 owned 590,734 shares in the company, valued at $58,388,148.56. The trade was a 22.74% decrease in their ownership of the stock. 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. 6.30% of the stock is currently owned by insiders.

Charles Schwab Stock Down 0.2%

Charles Schwab stock opened at $94.37 on Friday. The company has a 50 day moving average of $94.43 and a 200-day moving average of $90.49. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.47. The Charles Schwab Corporation has a twelve month low of $65.88 and a twelve month high of $99.59. The stock has a market capitalization of $171.30 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 0.85 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.25 by $0.06. The business had revenue of $6.14 billion for the quarter, compared to analysts’ expectations of $5.93 billion. Charles Schwab had a net margin of 35.93% and a return on equity of 21.26%. The firm’s revenue was up 26.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. On average, equities research analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab announced that its board has initiated a share repurchase plan on Thursday, July 24th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 11.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 14th. Charles Schwab’s dividend payout ratio (DPR) is currently 25.29%.

Wall Street Analyst Weigh In

Several research firms have weighed in on SCHW. Cowen reissued a “buy” rating on shares of Charles Schwab in a research note on Friday, October 17th. William Blair cut Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of Charles Schwab from $109.00 to $111.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 target price on shares of Charles Schwab in a research note on Friday, October 17th. Finally, Zacks Research cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

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.