Krilogy Financial LLC Purchases 293 Shares of The Charles Schwab Co. (NYSE:SCHW)

Krilogy Financial LLC grew its holdings in The Charles Schwab Co. (NYSE:SCHWGet Rating) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,702 shares of the financial services provider’s stock after acquiring an additional 293 shares during the period. Krilogy Financial LLC’s holdings in Charles Schwab were worth $929,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SCHW. Schroder Investment Management Group lifted its stake in Charles Schwab by 109.9% in the 4th quarter. Schroder Investment Management Group now owns 528,964 shares of the financial services provider’s stock worth $44,485,000 after purchasing an additional 276,931 shares in the last quarter. Mutual Advisors LLC raised its holdings in shares of Charles Schwab by 3.4% in the fourth quarter. Mutual Advisors LLC now owns 5,866 shares of the financial services provider’s stock valued at $493,000 after buying an additional 191 shares during the last quarter. Blair William & Co. IL raised its holdings in Charles Schwab by 37.0% during the fourth quarter. Blair William & Co. IL now owns 369,503 shares of the financial services provider’s stock worth $31,075,000 after purchasing an additional 99,820 shares in the last quarter. Clearstead Advisors LLC grew its position in Charles Schwab by 5.6% during the fourth quarter. Clearstead Advisors LLC now owns 7,504 shares of the financial services provider’s stock worth $631,000 after buying an additional 399 shares during the period. Finally, ETF Managers Group LLC grew its position in shares of Charles Schwab by 5.0% in the fourth quarter. ETF Managers Group LLC now owns 10,521 shares of the financial services provider’s stock valued at $889,000 after purchasing an additional 501 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on SCHW. Deutsche Bank Aktiengesellschaft raised their target price on shares of Charles Schwab from $90.00 to $95.00 in a research note on Friday, August 19th. Morgan Stanley dropped their target price on shares of Charles Schwab from $98.00 to $93.00 and set an “overweight” rating on the stock in a report on Monday, August 1st. UBS Group boosted their price objective on shares of Charles Schwab from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, September 16th. Jefferies Financial Group upped their target price on shares of Charles Schwab from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Monday. Finally, Redburn Partners initiated coverage on shares of Charles Schwab in a report on Thursday, June 23rd. They issued a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.46.

Charles Schwab Price Performance

SCHW stock opened at $72.06 on Friday. The firm has a market capitalization of $130.99 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 0.91 and a beta of 1.07. The Charles Schwab Co. has a 1 year low of $59.35 and a 1 year high of $96.24. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41. The business has a 50 day simple moving average of $70.32 and a 200-day simple moving average of $71.42.

Charles Schwab (NYSE:SCHWGet Rating) last issued its quarterly earnings data on Monday, July 18th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.06. The company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.04 billion. Charles Schwab had a return on equity of 16.82% and a net margin of 33.09%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.70 earnings per share. Equities research analysts anticipate that The Charles Schwab Co. will post 3.91 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were given a dividend of $0.22 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Thursday, August 11th. Charles Schwab’s payout ratio is presently 28.95%.

Insider Activity at Charles Schwab

In related news, insider Jonathan M. Craig sold 8,032 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $75.00, for a total value of $602,400.00. Following the completion of the transaction, the insider now owns 4,019 shares in the company, valued at approximately $301,425. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Charles Schwab news, insider Jonathan M. Craig sold 8,032 shares of the stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $75.00, for a total transaction of $602,400.00. Following the transaction, the insider now owns 4,019 shares in the company, valued at $301,425. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 120,000 shares of the firm’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $62.70, for a total value of $7,524,000.00. Following the completion of the transaction, the chairman now directly owns 71,083,305 shares of the company’s stock, valued at $4,456,923,223.50. The disclosure for this sale can be found here. Insiders have sold 277,632 shares of company stock valued at $17,904,256 over the last ninety days. Corporate insiders own 7.50% of the company’s stock.

About Charles Schwab

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The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions.

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

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