3Chopt Investment Partners LLC Has $1.89 Million Holdings in The Charles Schwab Corporation (NYSE:SCHW)

3Chopt Investment Partners LLC lowered its position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 10.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,152 shares of the financial services provider's stock after selling 2,920 shares during the quarter. 3Chopt Investment Partners LLC's holdings in Charles Schwab were worth $1,891,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SCHW. Atwood & Palmer Inc. acquired a new stake in shares of Charles Schwab during the first quarter valued at approximately $25,000. WFA Asset Management Corp acquired a new stake in shares of Charles Schwab during the first quarter valued at approximately $33,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $38,000. Beacon Capital Management LLC raised its holdings in shares of Charles Schwab by 53.1% during the first quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 169 shares during the period. Finally, Atala Financial Inc acquired a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Price Performance

NYSE SCHW opened at $90.02 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $86.10 and a 200 day simple moving average of $80.39. The company has a market cap of $163.56 billion, a P/E ratio of 27.28, a P/E/G ratio of 0.96 and a beta of 0.94. The Charles Schwab Corporation has a 1 year low of $61.01 and a 1 year high of $90.86.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. During the same period in the prior year, the firm earned $0.74 EPS. On average, sell-side analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio is currently 32.73%.

Insider Buying and Selling

In other Charles Schwab news, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction on Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the sale, the director now directly owns 172,162 shares of the company's stock, valued at $12,784,750.12. This represents a 2.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan M. Craig sold 47,500 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The disclosure for this sale can be found here. In the last three months, insiders sold 119,995 shares of company stock valued at $10,493,320. Company insiders own 6.30% of the company's stock.

Analyst Ratings Changes

SCHW has been the topic of several research reports. Morgan Stanley upped their price objective on shares of Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research note on Tuesday, April 22nd. Redburn Atlantic upgraded shares of Charles Schwab from a "sell" rating to a "neutral" rating and upped their price objective for the company from $65.00 to $82.00 in a research note on Monday, June 9th. The Goldman Sachs Group upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research note on Friday, April 25th. Finally, Cowen reiterated a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $89.40.

About Charles Schwab

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.

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