Kozak & Associates Inc. Buys 2,931 Shares of The Charles Schwab Co. (NYSE:SCHW)

Kozak & Associates Inc. boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 4.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,378 shares of the financial services provider’s stock after buying an additional 2,931 shares during the quarter. Charles Schwab makes up approximately 1.6% of Kozak & Associates Inc.’s portfolio, making the stock its 10th biggest position. Kozak & Associates Inc.’s holdings in Charles Schwab were worth $4,004,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cloverfields Capital Group LP lifted its stake in shares of Charles Schwab by 11.5% in the 1st quarter. Cloverfields Capital Group LP now owns 50,785 shares of the financial services provider’s stock valued at $2,660,000 after purchasing an additional 5,246 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of Charles Schwab by 39.4% in the 1st quarter. Chicago Partners Investment Group LLC now owns 25,007 shares of the financial services provider’s stock valued at $1,328,000 after purchasing an additional 7,073 shares during the period. Avantax Advisory Services Inc. lifted its stake in shares of Charles Schwab by 46.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 14,668 shares of the financial services provider’s stock valued at $768,000 after purchasing an additional 4,618 shares during the period. Avantax Planning Partners Inc. lifted its stake in shares of Charles Schwab by 53.7% in the 1st quarter. Avantax Planning Partners Inc. now owns 7,724 shares of the financial services provider’s stock valued at $405,000 after purchasing an additional 2,697 shares during the period. Finally, Jacobi Capital Management LLC lifted its stake in shares of Charles Schwab by 5.5% in the 1st quarter. Jacobi Capital Management LLC now owns 4,299 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 223 shares during the period. 81.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman Charles R. Schwab sold 75,760 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $66.60, for a total value of $5,045,616.00. Following the sale, the chairman now directly owns 59,672,778 shares of the company’s stock, valued at $3,974,207,014.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Charles Schwab news, General Counsel Peter J. Morgan III sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $59.61, for a total value of $476,880.00. Following the completion of the sale, the general counsel now directly owns 8,014 shares in the company, valued at $477,714.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Charles R. Schwab sold 75,760 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $66.60, for a total transaction of $5,045,616.00. Following the completion of the sale, the chairman now owns 59,672,778 shares of the company’s stock, valued at $3,974,207,014.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 155,807 shares of company stock valued at $10,325,149. 6.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price target on Charles Schwab from $70.00 to $74.00 in a research note on Wednesday, July 19th. Jefferies Financial Group upped their price target on Charles Schwab from $64.00 to $66.00 in a research note on Monday, July 10th. StockNews.com downgraded Charles Schwab from a “hold” rating to a “sell” rating in a research note on Saturday, September 9th. Argus upped their price target on Charles Schwab from $70.00 to $81.00 in a research note on Wednesday, July 19th. Finally, Bank of America upped their price target on Charles Schwab from $46.00 to $53.00 in a research note on Thursday, June 15th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.09.

Charles Schwab Price Performance

Shares of SCHW stock traded up $0.87 on Thursday, reaching $59.60. The company’s stock had a trading volume of 1,335,416 shares, compared to its average volume of 16,742,520. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.80. The Charles Schwab Co. has a 12-month low of $45.00 and a 12-month high of $86.63. The company has a market capitalization of $105.51 billion, a P/E ratio of 17.12, a PEG ratio of 1.94 and a beta of 0.92. The stock’s 50 day simple moving average is $61.54 and its 200-day simple moving average is $57.51.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The business had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Charles Schwab had a return on equity of 27.54% and a net margin of 33.15%. The firm’s revenue was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 earnings per share. As a group, equities analysts predict that The Charles Schwab Co. will post 3.27 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, August 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.68%. Charles Schwab’s dividend payout ratio (DPR) is currently 29.15%.

Charles Schwab Company 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. The company operates in two segments, Investor Services and Advisor Services.