Czech National Bank Has $42.94 Million Position in The Charles Schwab Corporation $SCHW

Key Points

• Czech National Bank increased its Charles Schwab stake by 2.3% in the second quarter, bringing its holdings to 465,323 shares valued at approximately $42.94 million. Institutional investors collectively own 84.38% of SCHW.
• Analysts remain broadly positive, with an overall “Moderate Buy” rating and a consensus price target of $121.17; recent targets range from $109 to $135.
• Charles Schwab reported stronger-than-expected quarterly results, with EPS of $1.62 and revenue of $7.07 billion, up 20.9% year over year. The company also declared a quarterly dividend of $0.32 per share, representing a 1.2% yield.

Czech National Bank lifted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 2.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 465,323 shares of the financial services provider's stock after buying an additional 10,418 shares during the quarter. Czech National Bank's holdings in Charles Schwab were worth $42,935,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Souders Financial Advisors boosted its holdings in shares of Charles Schwab by 2.3% during the fourth quarter. Souders Financial Advisors now owns 4,341 shares of the financial services provider's stock worth $434,000 after acquiring an additional 98 shares during the period. Essex Financial Services Inc. boosted its stake in Charles Schwab by 0.8% in the 4th quarter. Essex Financial Services Inc. now owns 12,833 shares of the financial services provider's stock valued at $1,282,000 after purchasing an additional 105 shares during the period. FSM Wealth Advisors LLC grew its holdings in Charles Schwab by 4.1% in the 4th quarter. FSM Wealth Advisors LLC now owns 2,688 shares of the financial services provider's stock valued at $269,000 after buying an additional 107 shares in the last quarter. Sheets Smith Wealth Management increased its position in Charles Schwab by 0.7% during the 1st quarter. Sheets Smith Wealth Management now owns 14,521 shares of the financial services provider's stock worth $1,365,000 after buying an additional 108 shares during the period. Finally, Acorn Financial Advisory Services Inc. ADV lifted its holdings in shares of Charles Schwab by 4.5% during the fourth quarter. Acorn Financial Advisory Services Inc. ADV now owns 2,536 shares of the financial services provider's stock worth $253,000 after buying an additional 110 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Argus boosted their price objective on shares of Charles Schwab from $108.00 to $114.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. TD Cowen boosted their price target on Charles Schwab from $108.00 to $109.00 and gave the company a "buy" rating in a research note on Friday, May 15th. JPMorgan Chase & Co. increased their price target on Charles Schwab from $128.00 to $131.00 and gave the stock an "overweight" rating in a research report on Friday, April 17th. UBS Group set a $135.00 price objective on Charles Schwab in a research note on Monday. Finally, Compass Point started coverage on Charles Schwab in a report on Monday. They issued a "buy" rating and a $135.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $121.17.

Insiders Place Their Bets

In other news, insider Jonathan S. Beatty sold 2,000 shares of the stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $104.21, for a total value of $208,420.00. Following the completion of the transaction, the insider owned 11,738 shares of the company's stock, valued at approximately $1,223,216.98. This represents a 14.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nigel J. Murtagh sold 32,947 shares of the firm's stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $104.01, for a total transaction of $3,426,817.47. Following the completion of the sale, the insider owned 57,972 shares in the company, valued at approximately $6,029,667.72. The trade was a 36.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 363,848 shares of company stock valued at $37,874,706 over the last ninety days. 6.30% of the stock is owned by insiders.

Charles Schwab Stock Performance

NYSE SCHW opened at $107.65 on Friday. The firm's 50 day simple moving average is $96.88 and its 200 day simple moving average is $95.57. The firm has a market capitalization of $187.22 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 0.82 and a beta of 0.76. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.48. The Charles Schwab Corporation has a 1 year low of $83.96 and a 1 year high of $109.05.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.06. Charles Schwab had a return on equity of 24.73% and a net margin of 38.79%.The firm had revenue of $7.07 billion during the quarter, compared to analysts' expectations of $6.90 billion. During the same period in the prior year, the company earned $1.14 earnings per share. The company's quarterly revenue was up 20.9% on a year-over-year basis. As a group, research analysts expect that The Charles Schwab Corporation will post 6.46 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 14th. Charles Schwab's dividend payout ratio is currently 23.27%.

About Charles Schwab

Charles Schwab Corporation NYSE: SCHW is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.

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