Stance Capital LLC Takes Position in The Charles Schwab Corporation $SCHW

Stance Capital LLC acquired a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 14,882 shares of the financial services provider’s stock, valued at approximately $1,358,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Charles Schwab by 380.5% during the fourth 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 last quarter. Horizon Investments LLC grew its holdings in Charles Schwab by 16.2% in the 1st quarter. Horizon Investments LLC now owns 29,779 shares of the financial services provider’s stock worth $2,324,000 after buying an additional 4,155 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Charles Schwab by 12.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,478,177 shares of the financial services provider’s stock valued at $428,791,000 after acquiring an additional 623,113 shares during the period. Alliance Wealth Advisors LLC UT bought a new position in Charles Schwab in the 1st quarter valued at about $416,000. Finally, RMR Capital Management LLC boosted its holdings in shares of Charles Schwab by 6.6% in the first quarter. RMR Capital Management LLC now owns 20,219 shares of the financial services provider’s stock valued at $1,583,000 after acquiring an additional 1,243 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Down 0.4%

Shares of NYSE:SCHW opened at $96.63 on Friday. The company has a 50 day moving average of $93.86 and a 200-day moving average of $93.44. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $99.59. The stock has a market cap of $171.71 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 0.81 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.06. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $5.93 billion. Charles Schwab had a return on equity of 21.02% and a net margin of 35.93%.The firm’s revenue was up 26.6% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. On average, sell-side analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given 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 was Friday, November 14th. Charles Schwab’s dividend payout ratio (DPR) is currently 25.29%.

Insider Buying and Selling

In other news, insider Paul V. Woolway sold 3,205 shares of the 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 transaction, the insider owned 34,778 shares of the company’s stock, valued at approximately $3,245,830.74. This represents a 8.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 3,072 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total transaction of $301,056.00. Following the transaction, the insider owned 11,923 shares of the company’s stock, valued at $1,168,454. This trade represents a 20.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several recent analyst reports. Barclays cut their price objective on Charles Schwab from $115.00 to $111.00 and set an “overweight” rating on the stock in a report on Friday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $114.00 target price on shares of Charles Schwab in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Charles Schwab in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price target on Charles Schwab from $109.00 to $111.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Finally, Cowen reissued a “buy” rating on shares of Charles Schwab in a research note on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $108.37.

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.