Continuum Advisory LLC Purchases Shares of 4,966 The Charles Schwab Corporation $SCHW

Continuum Advisory LLC acquired a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,966 shares of the financial services provider’s stock, valued at approximately $458,000.

Several other large investors have also recently made changes to their positions in SCHW. Norges Bank bought a new stake in Charles Schwab during the fourth quarter worth approximately $1,994,189,000. Flossbach Von Storch SE purchased a new position in shares of Charles Schwab in the 2nd quarter worth approximately $987,930,000. Bank of New York Mellon Corp boosted its holdings in shares of Charles Schwab by 22.9% in the 1st quarter. Bank of New York Mellon Corp now owns 16,162,082 shares of the financial services provider’s stock worth $1,518,913,000 after purchasing an additional 3,009,884 shares during the period. Primecap Management Co. CA increased its position in shares of Charles Schwab by 9.7% during the 4th quarter. Primecap Management Co. CA now owns 23,276,071 shares of the financial services provider’s stock valued at $2,325,512,000 after purchasing an additional 2,066,884 shares during the last quarter. Finally, Focus Partners Wealth raised its stake in shares of Charles Schwab by 716.5% in the fourth quarter. Focus Partners Wealth now owns 2,101,463 shares of the financial services provider’s stock valued at $209,948,000 after acquiring an additional 1,844,095 shares during the period. 84.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SCHW shares. Morgan Stanley increased their price objective on shares of Charles Schwab from $133.00 to $136.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Charles Schwab in a research note on Thursday, June 18th. TD Cowen increased their price target on Charles Schwab from $108.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Compass Point began coverage on Charles Schwab in a report on Monday, August 3rd. They set a “buy” rating and a $135.00 price objective for the company. Finally, BMO Capital Markets downgraded Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 target price for the company. in a research report on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Charles Schwab has an average rating of “Moderate Buy” and an average target price of $121.17.

Charles Schwab Price Performance

Shares of SCHW stock opened at $109.43 on Friday. The stock’s 50-day moving average is $105.23 and its 200 day moving average is $96.78. The Charles Schwab Corporation has a 1-year low of $83.96 and a 1-year 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. The company has a market cap of $189.24 billion, a P/E ratio of 19.90, a PEG ratio of 0.96 and a beta of 0.76.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. The business had revenue of $7.07 billion for the quarter, compared to analysts’ expectations of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.53%. The company’s revenue was up 20.9% compared to the same quarter last year. During the same period last year, the business earned $1.14 EPS. 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 company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 14th. Charles Schwab’s payout ratio is currently 23.27%.

Insider Buying and Selling at Charles Schwab

In other news, General Counsel Peter Morgan, III sold 6,952 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $102.03, for a total transaction of $709,312.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Dennis Howard sold 28,000 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $105.01, for a total value of $2,940,280.00. Following the completion of the sale, the insider directly owned 10,470 shares of the company’s stock, valued at $1,099,454.70. The trade was a 72.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 649,582 shares of company stock valued at $69,948,015. Corporate insiders own 6.30% of the company’s stock.

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.