Dakota Wealth Management Has $4.60 Million Position in The Charles Schwab Corporation $SCHW

Dakota Wealth Management boosted its stake in The Charles Schwab Corporation (NYSE:SCHW) by 15.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,363 shares of the financial services provider’s stock after purchasing an additional 6,769 shares during the quarter. Dakota Wealth Management’s holdings in Charles Schwab were worth $4,595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Atwood & Palmer Inc. acquired a new stake in shares of Charles Schwab in the 1st quarter valued at about $25,000. Westside Investment Management Inc. boosted its holdings in Charles Schwab by 75.0% in the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its stake in Charles Schwab by 97.9% in the first quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 191 shares during the period. Stone House Investment Management LLC bought a new stake in shares of Charles Schwab during the first quarter valued at approximately $31,000. Finally, Activest Wealth Management raised its position in shares of Charles Schwab by 6,650.0% during the first quarter. Activest Wealth Management now owns 405 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 399 shares during the period. 84.38% of the stock is owned by institutional investors.

Insider Transactions at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 50,016 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $97.00, for a total transaction of $4,851,552.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul V. Woolway sold 3,290 shares of Charles Schwab stock in a transaction on Friday, August 1st. The stock was sold at an average price of $96.06, for a total value of $316,037.40. Following the sale, the insider owned 41,188 shares in the company, valued at $3,956,519.28. The trade was a 7.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 267,213 shares of company stock worth $26,232,180. Company insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

SCHW has been the subject of several research reports. Raymond James Financial reissued an “outperform” rating and issued a $99.00 price target on shares of Charles Schwab in a research report on Friday, July 18th. Bank of America boosted their target price on shares of Charles Schwab from $83.00 to $84.00 and gave the stock an “underperform” rating in a research report on Monday, July 21st. Wells Fargo & Company set a $102.00 target price on shares of Charles Schwab and gave the stock an “overweight” rating in a report on Friday, July 18th. Zacks Research cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Finally, Keefe, Bruyette & Woods boosted their price objective on Charles Schwab from $102.00 to $108.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Sixteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Charles Schwab Stock Up 2.6%

Charles Schwab stock opened at $94.75 on Friday. The Charles Schwab Corporation has a fifty-two week low of $62.41 and a fifty-two week high of $99.59. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.55 and a current ratio of 0.55. The firm’s 50-day simple moving average is $95.55 and its 200 day simple moving average is $87.79. The stock has a market cap of $171.99 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 0.91 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.10 by $0.04. Charles Schwab had a net margin of 33.68% and a return on equity of 19.30%. The firm had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter last year, the firm earned $0.73 EPS. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. Research analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab declared that its board has authorized a share buyback plan on Thursday, July 24th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 11.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.08 annualized dividend and a yield of 1.1%. Charles Schwab’s payout ratio is currently 29.03%.

About Charles Schwab

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.