Dakota Wealth Management Boosts Position in The Charles Schwab Co. (NYSE:SCHW)

Dakota Wealth Management grew its holdings in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) by 111.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 43,404 shares of the financial services provider’s stock after purchasing an additional 22,870 shares during the period. Dakota Wealth Management’s holdings in Charles Schwab were worth $3,140,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its holdings in Charles Schwab by 33.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after acquiring an additional 17,369,091 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Charles Schwab by 4.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock valued at $2,132,454,000 after purchasing an additional 1,219,015 shares during the period. Fisher Asset Management LLC grew its holdings in Charles Schwab by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock valued at $1,281,584,000 after purchasing an additional 296,317 shares in the last quarter. Invesco Ltd. increased its stake in Charles Schwab by 3.3% during the 3rd quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock worth $854,295,000 after buying an additional 502,304 shares during the period. Finally, Northern Trust Corp lifted its holdings in Charles Schwab by 2.3% in the 3rd quarter. Northern Trust Corp now owns 15,550,474 shares of the financial services provider’s stock worth $853,721,000 after buying an additional 356,112 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SCHW shares. Citigroup raised their target price on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Piper Sandler raised their price objective on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Bank of America upped their target price on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research report on Tuesday, April 16th. Barclays raised their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 16th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $74.47.

Read Our Latest Stock Analysis on SCHW

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total transaction of $587,610.00. Following the completion of the transaction, the director now owns 585,057 shares in the company, valued at approximately $38,198,371.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Charles R. Schwab sold 58,500 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $64.60, for a total transaction of $3,779,100.00. Following the sale, the chairman now owns 61,192,538 shares of the company’s stock, valued at $3,953,037,954.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the transaction, the director now directly owns 585,057 shares of the company’s stock, valued at $38,198,371.53. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 672,036 shares of company stock worth $49,281,565. 6.60% of the stock is owned by company insiders.

Charles Schwab Stock Performance

Shares of NYSE SCHW traded down $0.12 during mid-day trading on Monday, hitting $78.66. The company had a trading volume of 5,539,437 shares, compared to its average volume of 7,495,364. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.22. The stock has a market cap of $139.80 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 1.15 and a beta of 0.98. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The firm’s 50 day simple moving average is $72.98 and its two-hundred day simple moving average is $66.79.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. As a group, equities research analysts forecast that The Charles Schwab Co. will post 3.4 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Charles Schwab Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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