Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Stock Holdings in The Charles Schwab Corporation $SCHW

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in The Charles Schwab Corporation (NYSE:SCHW) by 7.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 418,885 shares of the financial services provider’s stock after buying an additional 29,177 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Charles Schwab were worth $38,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of 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. Dynasty Wealth Management LLC acquired a new position in shares of Charles Schwab during the 1st quarter worth approximately $835,000. Graypoint LLC lifted its position in shares of Charles Schwab by 10.7% in the first quarter. Graypoint LLC now owns 10,270 shares of the financial services provider’s stock valued at $804,000 after acquiring an additional 991 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in Charles Schwab by 64.9% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 18,361 shares of the financial services provider’s stock valued at $1,438,000 after purchasing an additional 7,227 shares in the last quarter. Finally, Forte Capital LLC ADV lifted its stake in shares of Charles Schwab by 9.6% during the first quarter. Forte Capital LLC ADV now owns 2,966 shares of the financial services provider’s stock valued at $232,000 after buying an additional 261 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on SCHW shares. Zacks Research lowered Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Bank of America increased their price target on Charles Schwab from $84.00 to $86.00 and gave the company an “underperform” rating in a report on Thursday, October 2nd. The Goldman Sachs Group reissued a “buy” rating and set a $114.00 target price on shares of Charles Schwab in a research report on Friday, October 17th. Keefe, Bruyette & Woods increased their price target on Charles Schwab from $109.00 to $111.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Cowen reissued a “buy” rating on shares of Charles Schwab in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Charles Schwab currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.45.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $94.37 on Friday. The firm’s 50 day moving average is $94.06 and its two-hundred day moving average is $92.35. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $167.70 billion, a P/E ratio of 22.10, a PEG ratio of 0.85 and a beta of 1.02. The Charles Schwab Corporation has a 52 week low of $65.88 and a 52 week high of $99.59.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.06. The company had revenue of $6.38 billion during 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%.The firm’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. Analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.27 per share. 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 presently 25.29%.

Charles Schwab declared that its Board of Directors has approved a stock repurchase program on Thursday, July 24th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 11.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 50,016 shares of the company’s stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul V. Woolway sold 3,205 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $93.33, for a total value of $299,122.65. Following the sale, the insider directly owned 34,778 shares in the company, valued at $3,245,830.74. This trade represents a 8.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 68,938 shares of company stock valued at $6,671,953 over the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab 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.