The Charles Schwab Co. (NYSE:SCHW) Holdings Increased by DLK Investment Management LLC

DLK Investment Management LLC lifted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,969 shares of the financial services provider’s stock after acquiring an additional 1,783 shares during the quarter. DLK Investment Management LLC’s holdings in Charles Schwab were worth $3,822,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Country Trust Bank bought a new stake in shares of Charles Schwab in the 2nd quarter worth $26,000. Fortitude Family Office LLC raised its position in Charles Schwab by 97.5% in the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 192 shares in the last quarter. American Capital Advisory LLC acquired a new stake in Charles Schwab in the 2nd quarter valued at about $27,000. CGC Financial Services LLC bought a new stake in shares of Charles Schwab in the 2nd quarter worth approximately $29,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in Charles Schwab during the second quarter valued at approximately $29,000. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In other Charles Schwab news, insider Paul V. Woolway sold 1,150 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $65.20, for a total transaction of $74,980.00. Following the transaction, the insider now directly owns 61,887 shares in the company, valued at $4,035,032.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $65.20, for a total value of $74,980.00. Following the transaction, the insider now owns 61,887 shares of the company’s stock, valued at $4,035,032.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the sale, the director now owns 554,929 shares of the company’s stock, valued at $35,543,202.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,856 shares of company stock worth $6,398,604. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 1.8 %

Shares of SCHW traded up $1.23 during midday trading on Friday, reaching $67.88. 2,352,553 shares of the stock were exchanged, compared to its average volume of 7,990,416. The company has a market cap of $120.72 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 1.43 and a beta of 0.97. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The Charles Schwab Co. has a 12-month low of $48.66 and a 12-month high of $79.49. The firm has a 50 day simple moving average of $64.04 and a 200-day simple moving average of $69.58.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 earnings per share. Research analysts forecast that The Charles Schwab Co. will post 3.07 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Friday, August 9th. Charles Schwab’s payout ratio is presently 41.49%.

Wall Street Analyst Weigh In

SCHW has been the subject of a number of recent research reports. Bank of America cut their price objective on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a research report on Wednesday, July 17th. Citigroup dropped their price target on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. TD Cowen reaffirmed a “hold” rating and set a $71.00 price objective (down from $88.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Charles Schwab from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Finally, Wells Fargo & Company started coverage on shares of Charles Schwab in a report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $72.25.

Charles Schwab 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.