TFG Advisers LLC Raises Stake in The Charles Schwab Corporation $SCHW

TFG Advisers LLC boosted its position in The Charles Schwab Corporation (NYSE:SCHW) by 7.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,569 shares of the financial services provider’s stock after buying an additional 324 shares during the period. TFG Advisers LLC’s holdings in Charles Schwab were worth $417,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Atwood & Palmer Inc. acquired a new position in Charles Schwab in the first quarter valued at approximately $25,000. Westside Investment Management Inc. lifted its holdings 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 valued at $27,000 after acquiring an additional 150 shares during the period. CBIZ Investment Advisory Services LLC lifted its holdings 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 valued at $30,000 after acquiring an additional 191 shares during the period. Stone House Investment Management LLC acquired a new position in Charles Schwab in the first quarter valued at approximately $31,000. Finally, Activest Wealth Management lifted its holdings in Charles Schwab by 6,650.0% in the first quarter. Activest Wealth Management now owns 405 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 399 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Activity

In related news, insider Nigel J. Murtagh sold 24,096 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $97.91, for a total transaction of $2,359,239.36. Following the transaction, the insider owned 58,999 shares of the company’s stock, valued at approximately $5,776,592.09. This represents a 29.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Walter W. Bettinger sold 173,876 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $98.84, for a total value of $17,185,903.84. Following the transaction, the chairman directly owned 590,734 shares in the company, valued at approximately $58,388,148.56. The trade was a 22.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 263,923 shares of company stock worth $25,932,955 in the last quarter. Insiders own 6.30% of the company’s stock.

Charles Schwab Stock Performance

NYSE SCHW opened at $92.22 on Thursday. The stock has a market cap of $167.39 billion, a PE ratio of 24.79, a P/E/G ratio of 0.94 and a beta of 0.97. 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 Charles Schwab Corporation has a twelve month low of $62.41 and a twelve month high of $99.59. The stock has a fifty day simple moving average of $95.50 and a 200-day simple moving average of $88.36.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Friday, July 18th. The financial services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.04. The business had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.64 billion. Charles Schwab had a return on equity of 19.30% and a net margin of 33.68%.The company’s revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 EPS. Equities analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

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

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.08 annualized dividend and a yield of 1.2%. Charles Schwab’s dividend payout ratio is presently 29.03%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SCHW. William Blair downgraded Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 3rd. Raymond James Financial reaffirmed an “outperform” rating and set a $99.00 target price on shares of Charles Schwab in a research note on Friday, July 18th. Wells Fargo & Company set a $102.00 target price on Charles Schwab and gave the stock an “overweight” rating in a research note on Friday, July 18th. Citigroup upped their target price on Charles Schwab from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, Barclays upped their target price on Charles Schwab from $106.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Sixteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.95.

About Charles Schwab

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.