PensionDanmark Pensionsforsikringsaktieselskab Buys 21,905 Shares of The Charles Schwab Corporation $SCHW

PensionDanmark Pensionsforsikringsaktieselskab raised its stake in The Charles Schwab Corporation (NYSE:SCHW) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 326,492 shares of the financial services provider’s stock after purchasing an additional 21,905 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Charles Schwab were worth $30,125,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Dogwood Wealth Management LLC grew its stake 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 buying an additional 123 shares during the last quarter. Optima Capital LLC acquired a new stake in Charles Schwab during the fourth quarter worth approximately $30,000. Scarborough Advisors LLC acquired a new stake in Charles Schwab during the first quarter worth approximately $29,000. McIlrath & Eck LLC boosted its holdings in shares of Charles Schwab by 143.2% during the fourth quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 189 shares during the period. Finally, Main Street Group LTD bought a new stake in shares of Charles Schwab during the first quarter worth approximately $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity

In other Charles Schwab news, insider Nigel J. Murtagh sold 32,947 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $104.01, for a total value of $3,426,817.47. Following the sale, the insider owned 57,972 shares of the company’s stock, valued at approximately $6,029,667.72. This trade represents a 36.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dennis Howard sold 28,000 shares of Charles Schwab stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $105.01, for a total value of $2,940,280.00. Following the completion of the transaction, the insider owned 10,470 shares in the company, valued at approximately $1,099,454.70. The trade was a 72.78% decrease in their position. 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. Over the last ninety days, insiders sold 363,848 shares of company stock valued at $37,874,706. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Price Performance

SCHW stock opened at $107.65 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48. The Charles Schwab Corporation has a 12 month low of $83.96 and a 12 month high of $109.05. The firm has a market cap of $187.22 billion, a P/E ratio of 19.57, a P/E/G ratio of 0.82 and a beta of 0.76. The company’s 50-day moving average price is $96.88 and its two-hundred day moving average price is $95.57.

Charles Schwab (NYSE:SCHW) last issued its quarterly 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. The company had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.73%. The firm’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.14 EPS. On average, analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, August 14th. This represents a $1.28 annualized dividend and a yield of 1.2%. Charles Schwab’s dividend payout ratio is presently 23.27%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SCHW shares. Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a research note on Wednesday, July 22nd. Barclays upped their price objective on Charles Schwab from $122.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Compass Point assumed coverage on Charles Schwab in a research report on Monday. They set a “buy” rating and a $135.00 price objective on the stock. Raymond James Financial reissued an “outperform” rating and issued a $145.00 target price on shares of Charles Schwab in a research report on Wednesday, July 22nd. Finally, Morgan Stanley upped their price target on shares of Charles Schwab from $133.00 to $136.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Two 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.17.

Charles Schwab Company 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.