The Charles Schwab Corporation (NYSE:SCHW) Shares Acquired by Achmea Investment Management B.V.

Achmea Investment Management B.V. lifted its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 44.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,395 shares of the financial services provider's stock after purchasing an additional 19,614 shares during the quarter. Achmea Investment Management B.V.'s holdings in Charles Schwab were worth $4,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of SCHW. Brighton Jones LLC lifted its position in shares of Charles Schwab by 380.5% in the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock valued at $1,794,000 after acquiring an additional 19,195 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Charles Schwab in the fourth quarter worth about $46,000. Proficio Capital Partners LLC purchased a new stake in shares of Charles Schwab in the fourth quarter worth about $32,643,000. QRG Capital Management Inc. grew its stake in shares of Charles Schwab by 7.9% during the fourth quarter. QRG Capital Management Inc. now owns 26,699 shares of the financial services provider's stock valued at $1,976,000 after buying an additional 1,954 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in shares of Charles Schwab by 6.1% during the fourth quarter. Private Trust Co. NA now owns 5,368 shares of the financial services provider's stock valued at $397,000 after buying an additional 309 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Nigel J. Murtagh sold 20,872 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total value of $1,878,688.72. Following the completion of the transaction, the insider now owns 58,999 shares in the company, valued at $5,310,499.99. This represents a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jonathan M. Craig sold 47,500 shares of Charles Schwab 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. Over the last 90 days, insiders have sold 119,995 shares of company stock valued at $10,493,320. 6.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SCHW shares. The Goldman Sachs Group raised Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research report on Friday, April 25th. Wells Fargo & Company decreased their price objective on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. raised their target price on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. UBS Group raised their target price on Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Finally, Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and raised their target price for the company from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab currently has a consensus rating of "Moderate Buy" and an average target price of $89.40.

Charles Schwab Trading Up 0.6%

Shares of SCHW stock traded up $0.58 during trading on Friday, hitting $90.02. 9,335,355 shares of the stock traded hands, compared to its average volume of 9,511,640. The firm has a market capitalization of $163.56 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 0.96 and a beta of 0.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53. The firm's fifty day moving average price is $86.10 and its 200-day moving average price is $80.38. The Charles Schwab Corporation has a 52-week low of $61.01 and a 52-week high of $90.86.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. During the same quarter in the previous year, the company earned $0.74 earnings per share. As a group, research analysts forecast that The Charles Schwab Corporation will post 4.22 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, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio is currently 32.73%.

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 in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.