The Charles Schwab Corporation (NYSE:SCHW) Shares Purchased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 5.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,043,566 shares of the financial services provider's stock after purchasing an additional 104,780 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.11% of Charles Schwab worth $172,297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in Charles Schwab by 2.5% during the 4th 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 in the last quarter. Norges Bank purchased a new position in shares of Charles Schwab in the 4th quarter worth approximately $1,289,544,000. Northern Trust Corp boosted its holdings in shares of Charles Schwab by 13.4% in the 4th quarter. Northern Trust Corp now owns 15,739,917 shares of the financial services provider's stock worth $1,164,911,000 after purchasing an additional 1,864,286 shares during the period. Invesco Ltd. boosted its holdings in shares of Charles Schwab by 3.0% in the 4th 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 during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Charles Schwab by 27.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,653,684 shares of the financial services provider's stock worth $862,489,000 after purchasing an additional 2,511,082 shares during the period. Institutional investors own 84.38% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SCHW. Bank of America lifted their target price on Charles Schwab from $83.00 to $84.00 and gave the company an "underperform" rating in a research report on Monday. JPMorgan Chase & Co. boosted their price target on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Redburn Atlantic raised Charles Schwab from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $65.00 to $82.00 in a research report on Monday, June 9th. Keefe, Bruyette & Woods boosted their price target on Charles Schwab from $102.00 to $108.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, William Blair lowered Charles Schwab from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $98.65.

Insider Activity at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 10,176 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total transaction of $889,280.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the insider owned 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 disclosure for this sale can be found here. Insiders have sold a total of 116,313 shares of company stock worth $10,264,091 in the last three months. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Down 0.8%

Charles Schwab stock traded down $0.76 during midday trading on Tuesday, reaching $95.49. The company's stock had a trading volume of 8,863,789 shares, compared to its average volume of 9,324,617. The business has a 50-day simple moving average of $89.44 and a 200-day simple moving average of $82.15. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53. The Charles Schwab Corporation has a fifty-two week low of $61.15 and a fifty-two week high of $97.50. The company has a market cap of $173.50 billion, a P/E ratio of 25.67, a P/E/G ratio of 0.97 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.04. The business had revenue of $5.85 billion for the quarter, compared to analysts' expectations of $5.64 billion. Charles Schwab had a return on equity of 19.73% and a net margin of 33.68%. The business's revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 earnings per share. On average, research analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's payout ratio is 29.03%.

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.