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

Czech National Bank increased its position in The Charles Schwab Corporation (NYSE:SCHW) by 2.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 465,323 shares of the financial services provider’s stock after acquiring an additional 10,418 shares during the quarter. Czech National Bank’s holdings in Charles Schwab were worth $42,935,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Dogwood Wealth Management LLC increased its position in Charles Schwab by 99.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 123 shares during the period. Scarborough Advisors LLC bought a new stake in shares of Charles Schwab in the first quarter worth $29,000. Optima Capital LLC bought a new stake in shares of Charles Schwab in the fourth quarter worth $30,000. McIlrath & Eck LLC increased its holdings in Charles Schwab by 143.2% in the fourth quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 189 shares during the period. Finally, Main Street Group LTD acquired a new stake in Charles Schwab in the first quarter valued at $33,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $107.65 on Friday. The firm has a market capitalization of $187.22 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 0.82 and a beta of 0.76. The Charles Schwab Corporation has a one year low of $83.96 and a one year high of $109.05. The business has a 50-day simple moving average of $96.88 and a 200 day simple moving average of $95.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. Charles Schwab had a net margin of 38.79% and a return on equity of 24.73%. The company had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.90 billion. During the same quarter in the prior year, the business posted $1.14 EPS. The firm’s revenue was up 20.9% compared to the same quarter last year. On average, research analysts anticipate that The Charles Schwab Corporation will post 6.46 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.2%. Charles Schwab’s dividend payout ratio is 23.27%.

Insider Transactions at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 93,408 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $104.64, for a total transaction of $9,774,213.12. Following the completion of the sale, the chairman owned 529,346 shares in the company, valued at approximately $55,390,765.44. This represents a 15.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Peter J. Morgan III sold 6,952 shares of the stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $102.03, for a total value of $709,312.56. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 363,848 shares of company stock valued at $37,874,706. Corporate insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Citigroup reaffirmed a “market outperform” rating on shares of Charles Schwab in a report on Wednesday, July 22nd. Piper Sandler set a $118.00 price objective on Charles Schwab in a research report on Tuesday, July 21st. Argus lifted their price objective on Charles Schwab from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Charles Schwab in a report on Thursday, June 18th. Finally, BMO Capital Markets lowered shares of Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price target for the company. in a report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Charles Schwab has an average rating of “Moderate Buy” and a consensus price target of $121.17.

Charles Schwab Profile

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.