Kathmere Capital Management LLC Acquires Shares of 2,842 The Charles Schwab Co. (NYSE:SCHW)

Kathmere Capital Management LLC bought a new stake in The Charles Schwab Co. (NYSE:SCHW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,842 shares of the financial services provider’s stock, valued at approximately $209,000.

Several other large investors have also modified their holdings of SCHW. Country Trust Bank acquired a new position in Charles Schwab in the 2nd quarter valued at about $26,000. American Capital Advisory LLC acquired a new stake in Charles Schwab during the 2nd quarter valued at $27,000. Fortitude Family Office LLC grew its stake in shares of Charles Schwab by 97.5% during the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 192 shares in the last quarter. CGC Financial Services LLC purchased a new stake in Charles Schwab during the 2nd quarter worth approximately $29,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of Charles Schwab in the 2nd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW opened at $64.42 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49. The firm’s 50 day moving average price is $64.10 and its 200 day moving average price is $69.86. The firm has a market cap of $114.57 billion, a PE ratio of 26.95, a PEG ratio of 1.21 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $4.69 billion during 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%. Charles Schwab’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 earnings per share. As a group, research analysts expect that The Charles Schwab Co. will post 3.05 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Insider Transactions at Charles Schwab

In other news, President Richard A. Wurster bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was acquired at an average cost of $62.05 per share, for a total transaction of $620,500.00. Following the completion of the purchase, the president now owns 144,228 shares of the company’s stock, valued at approximately $8,949,347.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $61.96, for a total value of $557,640.00. Following the sale, the director now owns 567,057 shares of the company’s stock, valued at approximately $35,134,851.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Richard A. Wurster acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were purchased at an average cost of $62.05 per share, for a total transaction of $620,500.00. Following the completion of the purchase, the president now directly owns 144,228 shares of the company’s stock, valued at approximately $8,949,347.40. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 99,636 shares of company stock worth $6,457,104. 6.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. TD Cowen reaffirmed a “hold” rating and set a $71.00 target price (down previously from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Citigroup lowered their price objective on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday. JMP Securities cut their price target on shares of Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on Charles Schwab from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. 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 report on Tuesday, July 9th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $73.31.

Charles Schwab Profile

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.