Alpha Cubed Investments LLC Acquires 9,403 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Alpha Cubed Investments LLC increased its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 43.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,246 shares of the financial services provider's stock after purchasing an additional 9,403 shares during the period. Alpha Cubed Investments LLC's holdings in Charles Schwab were worth $2,446,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SCHW. Vanguard Group Inc. raised its position in shares of Charles Schwab by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock valued at $9,516,075,000 after buying an additional 1,187,384 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Charles Schwab by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider's stock valued at $2,279,742,000 after buying an additional 760,043 shares during the last quarter. Norges Bank acquired a new position in shares of Charles Schwab during the fourth quarter valued at about $1,289,544,000. Northern Trust Corp raised its position in shares of Charles Schwab by 13.4% during the fourth quarter. Northern Trust Corp now owns 15,739,917 shares of the financial services provider's stock valued at $1,164,911,000 after buying an additional 1,864,286 shares during the last quarter. Finally, Invesco Ltd. raised its position in Charles Schwab by 3.0% in the fourth quarter. Invesco Ltd. now owns 14,842,544 shares of the financial services provider's stock worth $1,098,497,000 after purchasing an additional 430,250 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barclays dropped their price target on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. JMP Securities reaffirmed a "market outperform" rating and set a $94.00 price objective on shares of Charles Schwab in a report on Monday, April 21st. The Goldman Sachs Group raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Friday, April 25th. Morgan Stanley raised their price target on shares of Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Finally, TD Securities raised their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.55.

Charles Schwab Price Performance

Shares of SCHW stock traded down $0.49 during trading on Tuesday, hitting $92.11. The company had a trading volume of 2,027,403 shares, compared to its average volume of 9,534,155. The firm has a market capitalization of $167.36 billion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93. The Charles Schwab Corporation has a one year low of $61.01 and a one year high of $92.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53. The stock's 50-day moving average price is $87.69 and its 200 day moving average price is $81.01.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $0.74 EPS. Equities analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's payout ratio is 32.73%.

Insider Buying and Selling

In other news, insider Jonathan M. Craig sold 47,500 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $88.46, for a total value of $4,201,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nigel J. Murtagh sold 20,872 shares of the 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 owned 58,999 shares of the company's stock, valued at $5,310,499.99. The trade was a 26.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,905 shares of company stock worth $10,530,833 in the last ninety days. Insiders own 6.30% of the company's stock.

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.