The Charles Schwab Corporation $SCHW Position Increased by Michael S. Ryan Inc.

Michael S. Ryan Inc. raised its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 7.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,437 shares of the financial services provider’s stock after purchasing an additional 439 shares during the period. Michael S. Ryan Inc.’s holdings in Charles Schwab were worth $587,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SCHW. Brighton Jones LLC increased 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 valued at $1,794,000 after purchasing an additional 19,195 shares during the last quarter. Gotham Asset Management LLC grew its position in shares of Charles Schwab by 2.4% during the fourth quarter. Gotham Asset Management LLC now owns 30,613 shares of the financial services provider’s stock worth $2,266,000 after acquiring an additional 718 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Charles Schwab by 0.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 206,135 shares of the financial services provider’s stock worth $15,256,000 after acquiring an additional 580 shares during the last quarter. NorthRock Partners LLC grew its position in shares of Charles Schwab by 47.4% during the fourth quarter. NorthRock Partners LLC now owns 7,525 shares of the financial services provider’s stock worth $557,000 after acquiring an additional 2,420 shares during the last quarter. Finally, Man Group plc grew its position in shares of Charles Schwab by 27.8% during the fourth quarter. Man Group plc now owns 465,100 shares of the financial services provider’s stock worth $34,422,000 after acquiring an additional 101,187 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In other Charles Schwab news, insider Paul V. Woolway sold 3,205 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $95.20, for a total value of $305,116.00. Following the completion of the sale, the insider directly owned 37,983 shares of the company’s stock, valued at approximately $3,615,981.60. This represents a 7.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan S. Beatty sold 6,144 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $96.81, for a total transaction of $594,800.64. Following the completion of the sale, the insider directly owned 11,923 shares of the company’s stock, valued at $1,154,265.63. The trade was a 34.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 298,214 shares of company stock worth $29,022,580 in the last ninety days. Insiders own 6.30% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW opened at $93.50 on Friday. The firm has a 50-day moving average price of $95.41 and a 200 day moving average price of $86.76. The firm has a market capitalization of $169.72 billion, a PE ratio of 25.13, a P/E/G ratio of 0.93 and a beta of 0.96. 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 52-week low of $61.81 and a 52-week high of $99.59.

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

Charles Schwab announced that its Board of Directors has authorized a share buyback plan on Thursday, July 24th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 11.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Charles Schwab Dividend Announcement

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

Analyst Upgrades and Downgrades

SCHW has been the subject of several recent research reports. Truist Financial upped their price target on shares of Charles Schwab from $107.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Bank of America upped their price target on shares of Charles Schwab from $83.00 to $84.00 and gave the stock an “underperform” rating in a research report on Monday, July 21st. JMP Securities upped their price target on shares of Charles Schwab from $106.00 to $110.00 and gave the stock a “market outperform” rating in a research report on Monday, July 21st. Citigroup increased their target price on shares of Charles Schwab from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Finally, Redburn Atlantic upgraded shares of Charles Schwab from a “sell” rating to a “neutral” rating and increased their target price for the company from $65.00 to $82.00 in a research report on Monday, June 9th. Sixteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $99.60.

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.