The Charles Schwab Co. (NYSE:SCHW) Stock Holdings Decreased by DLK Investment Management LLC

DLK Investment Management LLC decreased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,669 shares of the financial services provider’s stock after selling 300 shares during the period. Charles Schwab comprises about 1.8% of DLK Investment Management LLC’s investment portfolio, making the stock its 25th biggest holding. DLK Investment Management LLC’s holdings in Charles Schwab were worth $4,342,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Benjamin Edwards Inc. raised its holdings in shares of Charles Schwab by 2,840.7% during the third quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 5,937 shares during the period. Synovus Financial Corp boosted its stake in Charles Schwab by 46.0% in the third quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider’s stock valued at $4,400,000 after acquiring an additional 21,377 shares during the period. Patten & Patten Inc. TN grew its holdings in shares of Charles Schwab by 155.9% during the third quarter. Patten & Patten Inc. TN now owns 104,168 shares of the financial services provider’s stock valued at $6,751,000 after purchasing an additional 63,463 shares during the last quarter. Equity Investment Corp lifted its holdings in shares of Charles Schwab by 9.4% in the 3rd quarter. Equity Investment Corp now owns 1,640,157 shares of the financial services provider’s stock worth $106,299,000 after purchasing an additional 140,643 shares during the last quarter. Finally, Teewinot Capital Advisers L.L.C. grew its stake in Charles Schwab by 9.0% during the 2nd quarter. Teewinot Capital Advisers L.L.C. now owns 775,161 shares of the financial services provider’s stock worth $57,122,000 after buying an additional 64,041 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Price Performance

NYSE SCHW opened at $76.53 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market capitalization of $136.20 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.19 and a beta of 0.99. The business’s fifty day moving average is $77.68 and its two-hundred day moving average is $70.63. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.35.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

Insiders Place Their Bets

In other news, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at $1,391,674.38. This represents a 12.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the completion of the transaction, the insider now owns 59,092 shares in the company, valued at approximately $4,796,497.64. This represents a 17.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,823 shares of company stock worth $2,171,194. Company insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SCHW. Raymond James dropped their price objective on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Redburn Partners cut their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday. Citigroup decreased their price objective on Charles Schwab from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, January 10th. JPMorgan Chase & Co. lifted their target price on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Finally, JMP Securities reissued a “market outperform” rating and set a $94.00 price target (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $81.41.

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.