Orion Porfolio Solutions LLC Has $16.10 Million Stake in The Charles Schwab Corporation $SCHW

Orion Porfolio Solutions LLC grew its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 16.6% in the second quarter, HoldingsChannel.com reports. The fund owned 176,485 shares of the financial services provider’s stock after acquiring an additional 25,181 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Charles Schwab were worth $16,103,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Princeton Global Asset Management LLC bought a new position in Charles Schwab in the 2nd quarter valued at about $25,000. RMG Wealth Management LLC acquired a new stake in shares of Charles Schwab during the 2nd quarter worth approximately $27,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Charles Schwab during the 2nd quarter worth approximately $32,000. Hoese & Co LLP increased its stake in Charles Schwab by 131.6% in the second quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 200 shares during the last quarter. Finally, Evelyn Partners Asset Management Ltd acquired a new position in Charles Schwab during the second quarter valued at approximately $33,000. Institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SCHW shares. JPMorgan Chase & Co. boosted their price target on Charles Schwab from $119.00 to $121.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. JMP Securities reissued a “market outperform” rating and set a $110.00 target price on shares of Charles Schwab in a research note on Friday, October 17th. Piper Sandler reissued a “neutral” rating on shares of Charles Schwab in a report on Tuesday, October 14th. Bank of America lifted their price target on shares of Charles Schwab from $88.00 to $91.00 and gave the company an “underperform” rating in a report on Wednesday. Finally, Truist Financial upped their price target on shares of Charles Schwab from $112.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.37.

Insider Transactions at Charles Schwab

In other news, insider Jonathan S. Beatty sold 3,072 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total value of $301,056.00. Following the completion of the sale, the insider owned 11,923 shares of the company’s stock, valued at approximately $1,168,454. This represents a 20.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul V. Woolway sold 3,205 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $93.33, for a total value of $299,122.65. Following the transaction, the insider owned 34,778 shares of the company’s stock, valued at $3,245,830.74. This trade represents a 8.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 6.30% of the company’s stock.

Charles Schwab Trading Down 0.4%

SCHW opened at $96.63 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58. The Charles Schwab Corporation has a fifty-two week low of $65.88 and a fifty-two week high of $99.59. The company’s 50 day moving average price is $93.86 and its two-hundred day moving average price is $93.44. The firm has a market capitalization of $171.71 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 0.81 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.06. Charles Schwab had a net margin of 35.93% and a return on equity of 21.02%. The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $5.93 billion. During the same quarter in the previous year, the business earned $0.71 earnings per share. Charles Schwab’s revenue was up 26.6% compared to the same quarter last year. As a group, research analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.08 annualized dividend and a yield of 1.1%. Charles Schwab’s payout ratio is presently 25.29%.

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.