DLK Investment Management LLC Purchases 452 Shares of The Charles Schwab Corporation (NYSE:SCHW)

DLK Investment Management LLC increased its position in The Charles Schwab Corporation (NYSE:SCHW) by 0.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,121 shares of the financial services provider’s stock after purchasing an additional 452 shares during the quarter. Charles Schwab makes up 1.9% of DLK Investment Management LLC’s portfolio, making the stock its 25th biggest position. DLK Investment Management LLC’s holdings in Charles Schwab were worth $4,628,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHW. Atwood & Palmer Inc. acquired a new position in Charles Schwab in the first quarter valued at about $25,000. WFA Asset Management Corp acquired a new position in shares of Charles Schwab in the 1st quarter valued at $33,000. Beacon Capital Management LLC grew its holdings in shares of Charles Schwab by 53.1% in the 1st quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider’s stock valued at $38,000 after buying an additional 169 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in shares of Charles Schwab in the 4th quarter valued at $38,000. Finally, Atala Financial Inc bought a new stake in shares of Charles Schwab in the fourth quarter worth about $41,000. 84.38% of the stock is owned by institutional investors.

Insider Transactions at Charles Schwab

In other news, insider Paul V. Woolway sold 10,129 shares of the firm’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total transaction of $911,711.29. Following the transaction, the insider now directly owns 39,154 shares of the company’s stock, valued at approximately $3,524,251.54. This trade represents a 20.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total value of $889,280.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 119,995 shares of company stock worth $10,493,320. 6.30% of the stock is owned by insiders.

Charles Schwab Trading Up 0.6%

Charles Schwab stock opened at $89.83 on Thursday. 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 stock has a 50-day simple moving average of $85.57 and a 200 day simple moving average of $80.28. The stock has a market capitalization of $163.22 billion, a P/E ratio of 27.22, a PEG ratio of 0.96 and a beta of 0.94. The Charles Schwab Corporation has a 52 week low of $61.01 and a 52 week high of $90.60.

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

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab’s payout ratio is presently 32.73%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SCHW shares. Morgan Stanley lifted their price objective on Charles Schwab from $76.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 13th. UBS Group increased their price objective 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. Wells Fargo & Company cut their price objective on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. JMP Securities reiterated a “market outperform” rating and set a $94.00 target price on shares of Charles Schwab in a report on Monday, April 21st. Finally, Cowen restated a “buy” rating on shares of Charles Schwab in a report on Tuesday, May 20th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and an average price target of $89.40.

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.