Alpha DNA Investment Management LLC Has $2.28 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Alpha DNA Investment Management LLC raised its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 72.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,988 shares of the financial services provider's stock after buying an additional 12,973 shares during the period. Charles Schwab makes up about 0.9% of Alpha DNA Investment Management LLC's holdings, making the stock its 12th biggest holding. Alpha DNA Investment Management LLC's holdings in Charles Schwab were worth $2,283,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Gryphon Financial Partners LLC acquired a new stake in shares of Charles Schwab during the 4th quarter valued at approximately $466,000. Parallel Advisors LLC lifted its position in shares of Charles Schwab by 6.1% in the 4th quarter. Parallel Advisors LLC now owns 51,712 shares of the financial services provider's stock worth $3,558,000 after buying an additional 2,982 shares during the last quarter. Mitchell Sinkler & Starr PA boosted its holdings in shares of Charles Schwab by 11.9% in the 4th quarter. Mitchell Sinkler & Starr PA now owns 12,986 shares of the financial services provider's stock valued at $893,000 after buying an additional 1,380 shares during the period. United Services Automobile Association grew its position in shares of Charles Schwab by 10.4% during the 4th quarter. United Services Automobile Association now owns 44,162 shares of the financial services provider's stock valued at $3,038,000 after buying an additional 4,150 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its stake in Charles Schwab by 12.1% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 11,361 shares of the financial services provider's stock worth $782,000 after acquiring an additional 1,229 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SCHW has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Charles Schwab from $79.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, August 15th. Barclays decreased their target price on shares of Charles Schwab from $77.00 to $68.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 17th. Morgan Stanley dropped their price target on shares of Charles Schwab from $71.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Friday, August 16th. Wells Fargo & Company assumed coverage on shares of Charles Schwab in a report on Thursday, September 12th. They issued an "equal weight" rating and a $70.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price on Charles Schwab from $82.00 to $78.00 and set an "overweight" rating on the stock in a report on Wednesday, July 17th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $73.75.

Charles Schwab Stock Down 0.8 %

SCHW stock traded down $0.54 during mid-day trading on Wednesday, hitting $64.04. The stock had a trading volume of 4,727,599 shares, compared to its average volume of 8,070,098. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. The company has a fifty day moving average of $64.02 and a 200 day moving average of $69.91. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $113.89 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.22 and a beta of 0.97.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $0.75 EPS. On average, equities analysts expect that The Charles Schwab Co. will post 3.05 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Jonathan S. Beatty sold 780 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $75.00, for a total transaction of $58,500.00. Following the completion of the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,355,175. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Charles Schwab news, insider Jonathan S. Beatty sold 780 shares of the firm's stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $75.00, for a total value of $58,500.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,355,175. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Richard A. Wurster acquired 10,000 shares of the company's stock in a transaction dated Wednesday, July 17th. The shares were bought at an average price of $62.05 per share, for a total transaction of $620,500.00. Following the acquisition, the president now owns 144,228 shares in the company, valued at approximately $8,949,347.40. The disclosure for this purchase can be found here. Insiders sold a total of 99,636 shares of company stock valued at $6,457,104 in the last quarter. Insiders own 6.60% of the company's stock.

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.