Nisa Investment Advisors LLC Sells 64,551 Shares of The Charles Schwab Corporation $SCHW

Nisa Investment Advisors LLC lowered its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 12.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Charles Schwab by 380.5% in the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock worth $1,794,000 after buying an additional 19,195 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Charles Schwab by 28.2% in the 1st quarter. GAMMA Investing LLC now owns 27,122 shares of the financial services provider’s stock worth $2,123,000 after purchasing an additional 5,973 shares during the last quarter. Golden State Wealth Management LLC boosted its position in Charles Schwab by 168.3% during the first quarter. Golden State Wealth Management LLC now owns 2,238 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 1,404 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Charles Schwab by 85.3% during the first quarter. Robeco Institutional Asset Management B.V. now owns 199,585 shares of the financial services provider’s stock valued at $15,624,000 after purchasing an additional 91,892 shares during the last quarter. Finally, Perpetual Ltd raised its position in shares of Charles Schwab by 108.5% in the first quarter. Perpetual Ltd now owns 11,449 shares of the financial services provider’s stock valued at $896,000 after purchasing an additional 5,957 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SCHW has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charles Schwab from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Keefe, Bruyette & Woods raised their price target on Charles Schwab from $109.00 to $111.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Bank of America lifted their price objective on Charles Schwab from $84.00 to $86.00 and gave the stock an “underperform” rating in a research note on Thursday, October 2nd. Raymond James Financial restated an “outperform” rating and set a $99.00 target price on shares of Charles Schwab in a research note on Friday, July 18th. Finally, Morgan Stanley dropped their price target on Charles Schwab to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $106.00.

Charles Schwab Trading Down 0.2%

Shares of SCHW opened at $94.37 on Friday. The stock’s 50-day moving average price is $94.43 and its 200 day moving average price is $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 12-month low of $65.88 and a 12-month high of $99.59. The firm has a market capitalization of $171.30 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 0.85 and a beta of 0.97.

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

Charles Schwab Dividend Announcement

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

Charles Schwab declared that its board has initiated a share repurchase plan on Thursday, July 24th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 11.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Nigel J. Murtagh sold 24,096 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $97.91, for a total value of $2,359,239.36. Following the completion of the transaction, the insider owned 58,999 shares of the company’s stock, valued at $5,776,592.09. This represents a 29.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Walter W. Bettinger sold 173,876 shares of Charles Schwab stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $98.84, for a total value of $17,185,903.84. Following the sale, the chairman directly 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. Insiders have sold a total of 267,128 shares of company stock valued at $26,232,077 over the last 90 days. Company insiders own 6.30% of the company’s stock.

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.