FSB Premier Wealth Management Inc. increased its holdings in The Charles Schwab Corporation by 17.8%, owning a total of 29,941 shares valued at approximately $2.34 million as of its latest SEC filing. Several large investors, including Kovitz Investment Group Partners LLC and FMR LLC, significantly raised their stakes in Charles Schwab during the 4th quarter, indicating a growing institutional interest in the company. Charles Schwab announced a $20 billion share repurchase program, reflecting management's belief that the company’s shares are currently undervalued. FSB Premier Wealth Management Inc. increased its position in shares of The Charles Schwab Corporation by 17.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,941 shares of the financial services provider's stock after purchasing an additional 4,525 shares during the quarter. FSB Premier Wealth Management Inc.'s holdings in Charles Schwab were worth $2,344,000 as of its most recent filing with the SEC. Several other large investors have also recently made changes to their positions in SCHW. Kovitz Investment Group Partners LLC grew its holdings in Charles Schwab by 354.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 11,005,881 shares of the financial services provider's stock valued at $814,545,000 after buying an additional 8,584,173 shares in the last quarter. FMR LLC lifted its stake in shares of Charles Schwab by 69.4% in the 4th quarter. FMR LLC now owns 9,700,013 shares of the financial services provider's stock valued at $717,898,000 after purchasing an additional 3,974,940 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Charles Schwab by 742.0% in the 4th quarter. Marshall Wace LLP now owns 4,181,202 shares of the financial services provider's stock valued at $309,451,000 after purchasing an additional 3,684,640 shares during the last quarter. PointState Capital LP acquired a new position in shares of Charles Schwab in the 4th quarter valued at $237,280,000. Finally, Farallon Capital Management LLC acquired a new position in shares of Charles Schwab in the 4th quarter valued at $234,538,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors. General Counsel Peter J. Morgan III sold 10,176 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total transaction of $889,280.64. Also, a Director sold 8,647 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total value of $761,454.82. Following the transaction, the director owned 105,654 shares in the company, valued at $9,303,891.24. This represents a 7.57% decrease in their position. Insiders have sold a total of 116,313 shares of company stock worth $10,264,091 over the last ninety days. 6.30% of the stock is owned by corporate insiders. Charles Schwab last released its quarterly earnings data on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.04. Charles Schwab had a return on equity of 19.73% and a net margin of 33.68%. The business had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the business posted $0.73 EPS. The business's revenue for the quarter was up 24.8% on a year-over-year basis. As a group, equities research analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year. Charles Schwab announced that its board has authorized a share repurchase program on Thursday, July 24th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 11.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued. Charles Schwab also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, August 8th. This represents a $1.08 dividend on an annualized basis and a yield of 1.10%. Charles Schwab's dividend payout ratio is presently 29.03%. Morgan Stanley upped their price target on Charles Schwab from $117.00 to $131.00 and gave the company an 'overweight' rating. Barclays upped their price target on Charles Schwab from $106.00 to $113.00 and gave the company an 'overweight' rating. Citigroup upped their price target on Charles Schwab from $105.00 to $110.00 and gave the company a 'buy' rating. TD Securities upped their price target on Charles Schwab from $95.00 to $113.00 and gave the company a 'buy' rating. Piper Sandler increased their target price on Charles Schwab from $80.00 to $92.00 and gave the stock a 'neutral' rating. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of 'Moderate Buy' and a consensus target price of $99.35. 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.

FSB Premier Wealth Management Inc. Raises Holdings in The Charles Schwab Corporation (NYSE:SCHW)

FSB Premier Wealth Management Inc. increased its holdings in Charles Schwab by 17.8%, owning 29,941 shares valued at $2.34 million. Other institutional investors, including Kovitz Investment Group Partners LLC, FMR LLC, and Marshall Wace LLP, also raised stakes in Charles Schwab. The company announced a $20 billion share repurchase program and reported $1.14 EPS for the quarter, exceeding estimates. Charles Schwab also declared a quarterly dividend and received updated analyst ratings, with a consensus target price of $99.35.