PensionDanmark Pensionsforsikringsaktieselskab Has $30.12 Million Stock Position in The Charles Schwab Corporation $SCHW

PensionDanmark Pensionsforsikringsaktieselskab grew its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 7.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 326,492 shares of the financial services provider’s stock after acquiring 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 reporting period.

Several other institutional investors also recently modified their holdings of the stock. Dogwood Wealth Management LLC boosted its holdings in shares of Charles Schwab by 99.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 123 shares in the last quarter. Optima Capital LLC bought a new stake in Charles Schwab during the 4th quarter worth $30,000. Scarborough Advisors LLC acquired a new position in Charles Schwab in the 1st quarter worth about $29,000. McIlrath & Eck LLC raised its position in Charles Schwab by 143.2% in the fourth quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 189 shares during the last quarter. Finally, Main Street Group LTD bought a new position in Charles Schwab in the first quarter valued at about $33,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Down 0.3%

Shares of Charles Schwab stock opened at $107.65 on Friday. The stock’s 50-day moving average is $96.88 and its 200 day moving average is $95.57. The Charles Schwab Corporation has a one year low of $83.96 and a one year high of $109.05. The firm has a market cap of $187.22 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 0.82 and a beta of 0.76. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 EPS for the quarter, topping the consensus estimate 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 company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS. Equities research analysts anticipate that The Charles Schwab Corporation will post 6.46 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, August 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.2%. Charles Schwab’s dividend payout ratio is currently 23.27%.

Insider Activity at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $104.21, for a total value of $208,420.00. Following the completion of the sale, the insider directly owned 11,738 shares in the company, valued at $1,223,216.98. This trade represents a 14.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dennis Howard sold 28,000 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 10,470 shares of the company’s stock, valued at $1,099,454.70. The trade was a 72.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 363,848 shares of company stock worth $37,874,706. 6.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on SCHW. Barclays boosted their price target on Charles Schwab from $122.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. TD Cowen raised their price objective on shares of Charles Schwab from $108.00 to $109.00 and gave the company a “buy” rating in a report on Friday, May 15th. JPMorgan Chase & Co. lifted their target price on shares of Charles Schwab from $128.00 to $131.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Citigroup restated a “market outperform” rating on shares of Charles Schwab in a research report on Wednesday, July 22nd. Finally, Zacks Research raised shares of Charles Schwab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab presently has an average 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.