Silicon Valley Capital Partners Increases Stock Position in The Charles Schwab Corporation $SCHW

Silicon Valley Capital Partners grew its stake in The Charles Schwab Corporation (NYSE:SCHW) by 24.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 156,949 shares of the financial services provider’s stock after acquiring an additional 30,981 shares during the period. Charles Schwab comprises 1.3% of Silicon Valley Capital Partners’ investment portfolio, making the stock its 23rd biggest holding. Silicon Valley Capital Partners’ holdings in Charles Schwab were worth $14,482,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Essex Financial Services Inc. raised its position in Charles Schwab by 0.8% in the fourth quarter. Essex Financial Services Inc. now owns 12,833 shares of the financial services provider’s stock valued at $1,282,000 after purchasing an additional 105 shares during the period. Sheets Smith Wealth Management boosted its position in shares of Charles Schwab by 0.7% during the first quarter. Sheets Smith Wealth Management now owns 14,521 shares of the financial services provider’s stock worth $1,365,000 after buying an additional 108 shares during the period. Peoples Bank KS boosted its position in shares of Charles Schwab by 2.7% during the second quarter. Peoples Bank KS now owns 4,331 shares of the financial services provider’s stock worth $400,000 after buying an additional 113 shares during the period. Sweeney & Michel LLC grew its stake in shares of Charles Schwab by 1.6% in the first quarter. Sweeney & Michel LLC now owns 7,333 shares of the financial services provider’s stock valued at $710,000 after buying an additional 115 shares in the last quarter. Finally, Crumly & Associates Inc. grew its stake in shares of Charles Schwab by 1.1% in the second quarter. Crumly & Associates Inc. now owns 10,479 shares of the financial services provider’s stock valued at $967,000 after buying an additional 115 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on SCHW shares. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research note on Wednesday, July 22nd. BMO Capital Markets lowered shares of Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price target on the stock. in a research note on Monday, July 20th. Morgan Stanley increased their price target on shares of Charles Schwab from $133.00 to $136.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Raymond James Financial reissued an “outperform” rating and issued a $145.00 price objective on shares of Charles Schwab in a research note on Wednesday, July 22nd. Finally, Zacks Research cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Charles Schwab currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.17.

Charles Schwab Stock Up 1.5%

NYSE:SCHW traded up $1.58 during midday trading on Monday, reaching $106.83. The company had a trading volume of 5,443,782 shares, compared to its average volume of 10,193,813. The firm has a market capitalization of $184.75 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 0.92 and a beta of 0.76. The stock’s fifty day simple moving average is $106.96 and its 200-day simple moving average is $97.66. The Charles Schwab Corporation has a 12-month low of $83.96 and a 12-month high of $114.53. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.06. The company had revenue of $7.07 billion for the quarter, compared to the consensus estimate of $6.90 billion. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%.Charles Schwab’s revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 EPS. On average, sell-side analysts anticipate that The Charles Schwab Corporation will post 6.46 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, August 14th. Charles Schwab’s dividend payout ratio is presently 23.27%.

Insider Activity

In related news, insider Nigel Murtagh sold 24,778 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $109.01, for a total value of $2,701,049.78. Following the sale, the insider owned 57,972 shares of the company’s stock, valued at $6,319,527.72. This trade represents a 29.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dennis Howard sold 2,198 shares of Charles Schwab stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $110.00, for a total transaction of $241,780.00. Following the completion of the transaction, the insider owned 6,980 shares of the company’s stock, valued at $767,800. This represents a 23.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 649,582 shares of company stock valued at $69,948,015. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Profile

The Charles Schwab Corporation is a financial services company that provides investment, wealth management and banking services to individual investors, financial professionals, employers and institutions. Its offerings include brokerage accounts, retirement accounts, investment advisory services, mutual funds, exchange-traded funds, stocks, bonds and other securities.

Through Charles Schwab Bank and related platforms, the company also provides deposit accounts, lending and cash-management services.