Partners Capital Investment Group LLP Makes New Investment in The Charles Schwab Corporation $SCHW

Partners Capital Investment Group LLP purchased a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 32,995 shares of the financial services provider’s stock, valued at approximately $3,044,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Ally Financial Inc. purchased a new stake in Charles Schwab in the 2nd quarter worth approximately $3,229,000. Blue Whale Capital LLP acquired a new position in Charles Schwab in the 2nd quarter valued at $31,593,000. Sanctuary Advisors LLC acquired a new position in Charles Schwab in the 2nd quarter valued at $1,339,000. Solstein Capital LLC purchased a new position in shares of Charles Schwab during the 2nd quarter worth $136,000. Finally, Elefante Mark B purchased a new position in shares of Charles Schwab during the 2nd quarter worth $3,895,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Paula A. Sneed sold 5,263 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $107.15, for a total value of $563,930.45. Following the completion of the sale, the director owned 91,711 shares of the company’s stock, valued at $9,826,833.65. This trade represents a 5.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Peter J. Morgan III sold 6,952 shares of Charles Schwab stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $102.03, for a total transaction of $709,312.56. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 398,984 shares of company stock worth $41,699,569 over the last 90 days. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Trading Up 1.2%

NYSE:SCHW opened at $113.63 on Tuesday. The business’s 50-day moving average is $102.05 and its two-hundred day moving average is $96.16. The firm has a market capitalization of $196.51 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 0.84 and a beta of 0.76. The Charles Schwab Corporation has a 12 month low of $83.96 and a 12 month high of $114.53. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.64 and a quick ratio of 0.64.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.06. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%.The company had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. The company’s revenue was up 20.9% compared to the same quarter last year. Research analysts predict that The Charles Schwab Corporation will post 6.46 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.28 annualized dividend and a yield of 1.1%. Charles Schwab’s payout ratio is 23.27%.

Analyst Ratings Changes

SCHW has been the subject of a number of recent analyst reports. Argus lifted their price objective on Charles Schwab from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Raymond James Financial reiterated an “outperform” rating and set a $145.00 target price on shares of Charles Schwab in a research report on Wednesday, July 22nd. Piper Sandler set a $118.00 price target on Charles Schwab in a research note on Tuesday, July 21st. Wolfe Research restated an “outperform” rating and issued a $127.00 price target on shares of Charles Schwab in a report on Tuesday, July 21st. Finally, BMO Capital Markets downgraded shares of Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price objective for the company. in a research note on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.17.

About Charles Schwab

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.