R Squared Ltd Makes New $1.19 Million Investment in The Charles Schwab Corporation $SCHW

R Squared Ltd bought a new position in The Charles Schwab Corporation (NYSE:SCHW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,994 shares of the financial services provider’s stock, valued at approximately $1,186,000.

Several other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC boosted its position in Charles Schwab by 380.5% during the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock worth $1,794,000 after purchasing an additional 19,195 shares during the period. GAMMA Investing LLC boosted its position in shares of Charles Schwab by 28.2% in the first quarter. GAMMA Investing LLC now owns 27,122 shares of the financial services provider’s stock worth $2,123,000 after buying an additional 5,973 shares during the period. Aurora Private Wealth Inc. acquired a new stake in shares of Charles Schwab in the first quarter valued at about $1,194,000. Golden State Wealth Management LLC lifted its position in Charles Schwab by 168.3% during the 1st quarter. Golden State Wealth Management LLC now owns 2,238 shares of the financial services provider’s stock worth $175,000 after acquiring an additional 1,404 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its position in Charles Schwab by 0.3% in the first quarter. Perigon Wealth Management LLC now owns 157,450 shares of the financial services provider’s stock valued at $12,325,000 after acquiring an additional 408 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Truist Financial raised their price target on shares of Charles Schwab from $112.00 to $113.00 and gave the company a “buy” rating in a report on Friday, October 17th. JMP Securities restated a “market outperform” rating and set a $110.00 price objective on shares of Charles Schwab in a report on Friday, October 17th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $119.00 to $120.00 and gave the company a “buy” rating in a report on Friday, October 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Charles Schwab in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company set a $102.00 price target on Charles Schwab and gave the stock an “overweight” rating in a research note on Friday, July 18th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.00.

Insider Buying and Selling at Charles Schwab

In related news, insider Paul V. Woolway sold 3,205 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $93.33, for a total value of $299,122.65. Following the completion of the sale, the insider owned 34,778 shares of the company’s stock, valued at $3,245,830.74. This represents a 8.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Peter J. Morgan III sold 50,016 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $97.00, for a total transaction of $4,851,552.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 267,128 shares of company stock valued at $26,232,077. 6.30% of the stock is currently owned by insiders.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $94.52 on Friday. The Charles Schwab Corporation has a 1-year low of $65.88 and a 1-year high of $99.59. The firm has a market capitalization of $171.58 billion, a PE ratio of 22.14, a P/E/G ratio of 0.85 and a beta of 0.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.55 and a quick ratio of 0.55. The business’s fifty day moving average price is $94.46 and its two-hundred day moving average price is $90.18.

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

Charles Schwab Dividend Announcement

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

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

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.