Dakota Wealth Management Boosts Stake in The Charles Schwab Corporation (NYSE:SCHW)

Dakota Wealth Management raised its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 9.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,594 shares of the financial services provider's stock after buying an additional 3,667 shares during the period. Dakota Wealth Management's holdings in Charles Schwab were worth $3,413,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. purchased a new position in Charles Schwab in the 1st quarter valued at about $25,000. Westside Investment Management Inc. grew its position in shares of Charles Schwab by 75.0% during the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock worth $27,000 after buying an additional 150 shares in the last quarter. WFA Asset Management Corp acquired a new stake in shares of Charles Schwab during the first quarter worth approximately $33,000. Cornerstone Planning Group LLC grew its position in shares of Charles Schwab by 90.5% during the first quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider's stock worth $36,000 after buying an additional 220 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Charles Schwab during the fourth quarter worth approximately $38,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In related news, insider Paul V. Woolway sold 10,129 shares of Charles Schwab stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total transaction of $911,711.29. Following the sale, the insider directly owned 39,154 shares in the company, valued at $3,524,251.54. The trade was a 20.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan M. Craig sold 47,500 shares of Charles Schwab stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,905 shares of company stock valued at $10,530,833. Company insiders own 6.30% of the company's stock.

Charles Schwab Stock Performance

Shares of SCHW opened at $92.75 on Tuesday. The Charles Schwab Corporation has a 1 year low of $61.01 and a 1 year high of $93.35. The company has a market cap of $168.52 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 0.97 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a fifty day moving average of $88.72 and a 200-day moving average of $81.62.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. As a group, equities analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is 32.73%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SCHW shares. Morgan Stanley raised their price target on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Wells Fargo & Company raised their price target on shares of Charles Schwab from $87.00 to $102.00 and gave the stock an "overweight" rating in a research report on Friday. UBS Group raised their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. raised their price target on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, Redburn Atlantic raised shares of Charles Schwab from a "sell" rating to a "neutral" rating and raised their price target for the stock from $65.00 to $82.00 in a research report on Monday, June 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Charles Schwab presently has a consensus rating of "Moderate Buy" and an average target price of $93.30.

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.

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