Dynamic Technology Lab Private Ltd Grows Position in Charles Schwab Co. Common Stock (SCHW)

Dynamic Technology Lab Private Ltd increased its position in shares of Charles Schwab Co. Common Stock (NYSE:SCHW) by 721.7% in the first quarter, HoldingsChannel.com reports. The firm owned 57,920 shares of the financial services provider’s stock after acquiring an additional 50,871 shares during the quarter. Charles Schwab Co. Common Stock accounts for 0.3% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 17th biggest position. Dynamic Technology Lab Private Ltd’s holdings in Charles Schwab Co. Common Stock were worth $3,024,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Aviance Capital Partners LLC raised its position in Charles Schwab Co. Common Stock by 52.1% during the fourth quarter. Aviance Capital Partners LLC now owns 59,944 shares of the financial services provider’s stock valued at $3,079,000 after acquiring an additional 20,531 shares in the last quarter. Xact Kapitalforvaltning AB raised its position in Charles Schwab Co. Common Stock by 7.5% during the fourth quarter. Xact Kapitalforvaltning AB now owns 193,215 shares of the financial services provider’s stock valued at $9,925,000 after acquiring an additional 13,455 shares in the last quarter. FDx Advisors Inc. raised its position in Charles Schwab Co. Common Stock by 13.7% during the fourth quarter. FDx Advisors Inc. now owns 27,368 shares of the financial services provider’s stock valued at $1,406,000 after acquiring an additional 3,307 shares in the last quarter. Banco de Sabadell S.A purchased a new position in Charles Schwab Co. Common Stock during the fourth quarter valued at approximately $762,000. Finally, Amalgamated Bank raised its position in Charles Schwab Co. Common Stock by 9.6% during the fourth quarter. Amalgamated Bank now owns 155,219 shares of the financial services provider’s stock valued at $7,974,000 after acquiring an additional 13,620 shares in the last quarter. 80.08% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Co. Common Stock opened at $55.54 on Thursday, MarketBeat.com reports. The company has a market capitalization of $74.85 billion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 1.36 and a beta of 1.51. Charles Schwab Co. Common Stock has a 12 month low of $38.06 and a 12 month high of $60.22. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.29 and a quick ratio of 0.29.

Charles Schwab Co. Common Stock (NYSE:SCHW) last posted its quarterly earnings data on Monday, April 16th. The financial services provider reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Charles Schwab Co. Common Stock had a return on equity of 16.84% and a net margin of 28.80%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. equities analysts predict that Charles Schwab Co. Common Stock will post 2.43 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Friday, May 11th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Thursday, May 10th. Charles Schwab Co. Common Stock’s payout ratio is 24.39%.

In related news, Chairman Charles R. Schwab sold 250,000 shares of the business’s stock in a transaction that occurred on Monday, April 23rd. The stock was sold at an average price of $54.99, for a total transaction of $13,747,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan M. Craig sold 2,629 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $52.11, for a total value of $136,997.19. The disclosure for this sale can be found here. Insiders have sold 2,252,770 shares of company stock valued at $127,709,689 over the last quarter. 11.50% of the stock is owned by company insiders.

Several research analysts recently weighed in on SCHW shares. Deutsche Bank reduced their price target on Charles Schwab Co. Common Stock from $55.00 to $54.00 and set a “hold” rating for the company in a research report on Friday, April 6th. Zacks Investment Research cut Charles Schwab Co. Common Stock from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Morgan Stanley reduced their price target on Charles Schwab Co. Common Stock from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Wednesday, April 25th. Credit Suisse Group lifted their price target on Charles Schwab Co. Common Stock from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Tuesday, April 17th. Finally, ValuEngine upgraded Charles Schwab Co. Common Stock from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $55.81.

About Charles Schwab Co. Common Stock

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charles Schwab Co. Common Stock (NYSE:SCHW).

Institutional Ownership by Quarter for Charles Schwab Co. Common Stock (NYSE:SCHW)

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