Orion Porfolio Solutions LLC Acquires 25,181 Shares of The Charles Schwab Corporation $SCHW

by · The Cerbat Gem

Orion Porfolio Solutions LLC grew its stake in The Charles Schwab Corporation (NYSE:SCHW – Free Report) by 16.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 176,485 shares of the financial services provider’s stock after purchasing an additional 25,181 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Charles Schwab were worth $16,103,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SCHW. Princeton Global Asset Management LLC bought a new position in Charles Schwab during the second quarter worth about $25,000. RMG Wealth Management LLC bought a new stake in shares of Charles Schwab in the 2nd quarter valued at about $27,000. CBIZ Investment Advisory Services LLC increased its stake in shares of Charles Schwab by 97.9% in the 1st 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 last quarter. Activest Wealth Management raised its position in shares of Charles Schwab by 6,650.0% in the 1st 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. Finally, Hoese & Co LLP boosted its stake in Charles Schwab by 131.6% during the 2nd quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 200 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Price Performance

SCHW stock opened at $96.63 on Friday. The stock has a 50-day moving average price of $93.86 and a two-hundred day moving average price of $93.44. The Charles Schwab Corporation has a 1 year low of $65.88 and a 1 year high of $99.59. The stock has a market cap of $171.71 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 0.81 and a beta of 0.96. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47.

Charles Schwab (NYSE:SCHW – Get Free Report) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.06. The company 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 company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 earnings per share. Equities analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend 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%.

Analyst Ratings Changes

SCHW has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Charles Schwab from $109.00 to $111.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. BMO Capital Markets initiated coverage on shares of Charles Schwab in a research report on Friday, October 3rd. They issued an “outperform” rating and a $110.00 price objective for the company. Zacks Research lowered Charles Schwab from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Piper Sandler restated a “neutral” rating on shares of Charles Schwab in a report on Tuesday, October 14th. Finally, Morgan Stanley raised their price target on Charles Schwab from $130.00 to $139.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.37.

Check Out Our Latest Analysis on Charles Schwab

Insider Buying and Selling

In other news, insider Paul V. Woolway sold 3,205 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $93.33, for a total value of $299,122.65. Following the sale, the insider owned 34,778 shares of the company’s stock, valued at $3,245,830.74. The trade was a 8.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 3,072 shares of the 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. The trade was a 20.49% decrease in their position. The SEC filing for this sale provides additional information. 6.30% of the stock is owned by company insiders.

About Charles Schwab

(Free Report)

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.

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