Krilogy Financial LLC Has $2.22 Million Stock Position in The Charles Schwab Corporation $SCHW

Key Points

• Krilogy Financial LLC increased its holdings in The Charles Schwab Corporation by 16.8% during the 2nd quarter, resulting in a total stock value of $2.22 million.
• Charles Schwab recently declared a quarterly dividend of $0.27 per share, amounting to an annual dividend yield of 1.2%.
• Insider transactions revealed significant stock sales, including Walter W. Bettinger selling 173,876 shares valued at over $17 million, indicating potential shifts in management confidence regarding the stock.

Krilogy Financial LLC raised its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 16.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 24,330 shares of the financial services provider's stock after acquiring an additional 3,491 shares during the quarter. Krilogy Financial LLC's holdings in Charles Schwab were worth $2,220,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHW. Atwood & Palmer Inc. bought a new stake in shares of Charles Schwab in the 1st quarter valued at $25,000. Westside Investment Management Inc. boosted its stake in shares of Charles Schwab by 75.0% in the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in shares of Charles Schwab by 97.9% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 191 shares during the last quarter. Stone House Investment Management LLC bought a new stake in shares of Charles Schwab in the 1st quarter valued at $31,000. Finally, Activest Wealth Management boosted its stake in shares of Charles Schwab by 6,650.0% in the 1st quarter. Activest Wealth Management now owns 405 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 399 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SCHW. William Blair lowered shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Raymond James Financial reiterated an "outperform" rating and set a $99.00 target price on shares of Charles Schwab in a research report on Friday, July 18th. Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $102.00 to $108.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Redburn Atlantic upgraded shares of Charles Schwab from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $65.00 to $82.00 in a report on Monday, June 9th. Finally, Wells Fargo & Company set a $102.00 price objective on shares of Charles Schwab and gave the stock an "overweight" rating in a report on Friday, July 18th. Sixteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Charles Schwab currently has a consensus rating of "Moderate Buy" and a consensus price target of $99.60.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $92.10 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $167.18 billion, a PE ratio of 24.76, a P/E/G ratio of 0.92 and a beta of 0.96. The Charles Schwab Corporation has a twelve month low of $62.37 and a twelve month high of $99.59. The company has a 50-day moving average price of $95.40 and a two-hundred day moving average price of $86.96.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $5.64 billion. During the same period in the prior year, the firm posted $0.73 earnings per share. The company's revenue for the quarter was up 24.8% on a year-over-year basis. Equities analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 8th. Charles Schwab's dividend payout ratio is presently 29.03%.

Charles Schwab announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 24th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 11.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at Charles Schwab

In other news, insider Paul V. Woolway sold 3,205 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $95.20, for a total value of $305,116.00. Following the sale, the insider directly owned 37,983 shares of the company's stock, valued at approximately $3,615,981.60. This represents a 7.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Walter W. Bettinger sold 173,876 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $98.84, for a total transaction of $17,185,903.84. Following the completion of the sale, the chairman directly owned 590,734 shares in the company, valued at approximately $58,388,148.56. The trade was a 22.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 298,214 shares of company stock valued at $29,022,580. Company insiders own 6.30% of the company's stock.

Charles Schwab Profile

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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