Trillium Asset Management LLC Acquires 725 Shares of The Charles Schwab Corporation $SCHW

Trillium Asset Management LLC boosted its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 17.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,881 shares of the financial services provider’s stock after acquiring an additional 725 shares during the period. Trillium Asset Management LLC’s holdings in Charles Schwab were worth $445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SCHW. Moors & Cabot Inc. raised its position in shares of Charles Schwab by 4.0% in the second quarter. Moors & Cabot Inc. now owns 20,701 shares of the financial services provider’s stock valued at $1,889,000 after purchasing an additional 803 shares during the period. RFG Bristol Wealth Advisors LLC raised its position in shares of Charles Schwab by 30.5% in the second quarter. RFG Bristol Wealth Advisors LLC now owns 16,201 shares of the financial services provider’s stock valued at $1,478,000 after purchasing an additional 3,784 shares during the period. Ellevest Inc. raised its holdings in Charles Schwab by 2.7% in the 2nd quarter. Ellevest Inc. now owns 7,156 shares of the financial services provider’s stock valued at $653,000 after acquiring an additional 186 shares during the period. Cassaday & Co Wealth Management LLC raised its holdings in Charles Schwab by 3.4% in the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 6,512 shares of the financial services provider’s stock valued at $594,000 after acquiring an additional 212 shares during the period. Finally, Pointe Capital Management LLC raised its holdings in Charles Schwab by 2.0% in the 2nd quarter. Pointe Capital Management LLC now owns 6,884 shares of the financial services provider’s stock valued at $628,000 after acquiring an additional 138 shares during the period. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $93.77 on Thursday. 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 cap of $170.21 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 0.85 and a beta of 0.97. The company’s fifty day moving average is $94.10 and its 200 day moving average is $91.60.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.06. Charles Schwab had a return on equity of 21.26% and a net margin of 35.93%.The firm had revenue of $6.14 billion for the quarter, compared to analyst estimates of $5.93 billion. During the same quarter in the previous year, the company posted $0.71 EPS. The business’s revenue was up 26.6% on a year-over-year basis. Sell-side analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a $0.27 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.08 annualized dividend and a yield of 1.2%. Charles Schwab’s dividend payout ratio is presently 25.29%.

Charles Schwab announced that its Board of Directors has approved a share buyback plan on Thursday, July 24th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 11.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

SCHW has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Charles Schwab in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft raised their price objective on Charles Schwab from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Raymond James Financial restated an “outperform” rating and issued a $99.00 price target on shares of Charles Schwab in a research report on Friday, July 18th. JMP Securities reissued a “market outperform” rating and issued a $110.00 target price on shares of Charles Schwab in a report on Friday, October 17th. Finally, Piper Sandler restated a “neutral” rating on shares of Charles Schwab in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.45.

Insider Activity at Charles Schwab

In related 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 value of $4,851,552.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 3,205 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $93.33, for a total transaction of $299,122.65. Following the completion of the sale, the insider directly owned 34,778 shares in the company, valued at approximately $3,245,830.74. This represents a 8.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 65,866 shares of company stock worth $6,370,897 over the last ninety days. Insiders own 6.30% of the company’s stock.

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.