16,300 Shares in The Charles Schwab Corporation $SCHW Purchased by HighVista Strategies LLC

HighVista Strategies LLC acquired a new stake in The Charles Schwab Corporation (NYSE:SCHW) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,300 shares of the financial services provider’s stock, valued at approximately $1,487,000.

Several other institutional investors and hedge funds have also made changes to their positions in SCHW. Princeton Global Asset Management LLC purchased a new position in Charles Schwab during the second quarter worth approximately $25,000. RMG Wealth Management LLC acquired a new stake in shares of Charles Schwab in the 2nd quarter worth $27,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Charles Schwab during the 2nd quarter worth $32,000. Hoese & Co LLP boosted its position in shares of Charles Schwab by 131.6% during the 2nd quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 200 shares during the last quarter. Finally, Evelyn Partners Asset Management Ltd purchased a new stake in shares of Charles Schwab in the second quarter valued at about $33,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Charles Schwab

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

Analyst Ratings Changes

SCHW has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Charles Schwab in a research note on Wednesday, October 8th. BMO Capital Markets assumed coverage on shares of Charles Schwab in a research report on Friday, October 3rd. They set an “outperform” rating and a $110.00 price target on the stock. Piper Sandler reiterated a “neutral” rating on shares of Charles Schwab in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $109.00 to $111.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, UBS Group set a $119.00 price target on Charles Schwab in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.58.

Charles Schwab Trading Up 1.7%

SCHW opened at $95.78 on Thursday. The Charles Schwab Corporation has a 52 week low of $65.88 and a 52 week high of $99.59. The business has a fifty day simple moving average of $93.72 and a 200-day simple moving average of $93.31. The firm has a market cap of $170.19 billion, a P/E ratio of 22.43, a P/E/G ratio of 0.84 and a beta of 0.96. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47.

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

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, November 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Charles Schwab’s dividend payout ratio is 25.29%.

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.