Atlatl Advisers LLC Purchases New Position in The Charles Schwab Corporation $SCHW

Atlatl Advisers LLC acquired a new position in The Charles Schwab Corporation (NYSE:SCHW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,398 shares of the financial services provider’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of SCHW. Princeton Global Asset Management LLC acquired a new position in Charles Schwab in the second quarter worth $25,000. Westside Investment Management Inc. boosted its stake in Charles Schwab by 75.0% in the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 150 shares in the last quarter. RMG Wealth Management LLC acquired a new position in Charles Schwab in the second quarter worth $27,000. CBIZ Investment Advisory Services LLC boosted its stake in Charles Schwab by 97.9% in the first quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 191 shares in the last quarter. Finally, Stone House Investment Management LLC acquired a new position in Charles Schwab in the first quarter worth $31,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity

In other Charles Schwab news, insider Jonathan S. Beatty sold 6,144 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $96.81, for a total transaction of $594,800.64. Following the transaction, the insider owned 11,923 shares in the company, valued at $1,154,265.63. This trade represents a 34.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nigel J. Murtagh sold 24,096 shares of the firm’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $97.91, for a total value of $2,359,239.36. Following the transaction, the insider owned 58,999 shares in the company, valued at approximately $5,776,592.09. This trade represents a 29.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 267,128 shares of company stock worth $26,232,077. 6.30% of the stock is currently owned by insiders.

Charles Schwab Price Performance

NYSE:SCHW opened at $94.37 on Friday. The Charles Schwab Corporation has a 1-year low of $65.88 and a 1-year high of $99.59. 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 fifty day simple moving average of $94.43 and a 200 day simple moving average of $90.49. The stock has a market capitalization of $171.30 billion, a PE ratio of 22.10, a P/E/G ratio of 0.85 and a beta of 0.97.

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

Charles Schwab declared that its board has approved a share buyback program on Thursday, July 24th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 11.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Charles Schwab Announces Dividend

The business also recently disclosed 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 is Friday, November 14th. Charles Schwab’s dividend payout ratio (DPR) is 25.29%.

Analysts Set New Price Targets

A number of research firms have commented on SCHW. Keefe, Bruyette & Woods boosted their price objective on Charles Schwab from $109.00 to $111.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. BMO Capital Markets started coverage on Charles Schwab in a research note on Friday, October 3rd. They set an “outperform” rating and a $110.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their price target on Charles Schwab from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Morgan Stanley lowered their price target on Charles Schwab to $130.00 and set an “overweight” rating for the company in a report on Wednesday, October 1st. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $99.00 price objective on shares of Charles Schwab in a research report on Friday, July 18th. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Charles Schwab currently has an average rating of “Moderate Buy” and an average price target of $106.00.

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.