DSM Capital Partners LLC Has $98.34 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

DSM Capital Partners LLC decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 39.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,334,569 shares of the financial services provider’s stock after selling 852,454 shares during the period. Charles Schwab makes up 1.4% of DSM Capital Partners LLC’s holdings, making the stock its 22nd biggest holding. DSM Capital Partners LLC owned about 0.08% of Charles Schwab worth $98,344,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Country Trust Bank bought a new stake in shares of Charles Schwab during the second quarter worth about $26,000. American Capital Advisory LLC bought a new stake in shares of Charles Schwab during the second quarter worth about $27,000. Fortitude Family Office LLC grew its position in Charles Schwab by 97.5% in the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 192 shares in the last quarter. CGC Financial Services LLC bought a new stake in Charles Schwab in the 2nd quarter worth about $29,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in Charles Schwab in the 2nd quarter worth about $29,000. 84.38% of the stock is owned by institutional investors.

Charles Schwab Stock Performance

NYSE SCHW opened at $64.04 on Thursday. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market capitalization of $113.89 billion, a PE ratio of 26.80, a P/E/G ratio of 1.22 and a beta of 0.97. The company’s 50 day simple moving average is $64.02 and its two-hundred day simple moving average is $69.91.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. Analysts predict that The Charles Schwab Co. will post 3.05 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s payout ratio is presently 41.84%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SCHW shares. Morgan Stanley reduced their price objective on shares of Charles Schwab from $71.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, August 16th. TD Cowen reaffirmed a “hold” rating and issued a $71.00 price objective (down from $88.00) on shares of Charles Schwab in a research report on Wednesday, July 17th. JMP Securities reduced their price objective on shares of Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. dropped their target price on shares of Charles Schwab from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Finally, UBS Group dropped their target price on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus price target of $73.75.

Insiders Place Their Bets

In related news, CEO Walter W. Bettinger acquired 25,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were purchased at an average price of $66.26 per share, for a total transaction of $1,656,500.00. Following the completion of the acquisition, the chief executive officer now owns 827,377 shares in the company, valued at $54,822,000.02. The purchase was disclosed in a filing with the SEC, which is available at this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 67,386 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total value of $4,387,502.46. Following the transaction, the chairman now owns 60,619,371 shares in the company, valued at $3,946,927,245.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Walter W. Bettinger bought 25,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were purchased at an average price of $66.26 per share, with a total value of $1,656,500.00. Following the completion of the acquisition, the chief executive officer now owns 827,377 shares of the company’s stock, valued at approximately $54,822,000.02. The disclosure for this purchase can be found here. Insiders sold 99,636 shares of company stock valued at $6,457,104 over the last three months. Insiders own 6.60% of the company’s stock.

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.