Capital Management Associates Inc Raises Holdings in The Charles Schwab Corporation (NYSE:SCHW)

Capital Management Associates Inc increased its stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 100.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,150 shares of the financial services provider's stock after acquiring an additional 4,088 shares during the period. Capital Management Associates Inc's holdings in Charles Schwab were worth $638,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Personal CFO Solutions LLC boosted its position in shares of Charles Schwab by 1.2% during the fourth quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock valued at $832,000 after buying an additional 130 shares during the period. HM Payson & Co. increased its stake in Charles Schwab by 0.7% in the first quarter. HM Payson & Co. now owns 19,271 shares of the financial services provider's stock worth $1,509,000 after purchasing an additional 130 shares during the period. Cornerstone Wealth Management LLC boosted its stake in shares of Charles Schwab by 2.1% during the first quarter. Cornerstone Wealth Management LLC now owns 6,551 shares of the financial services provider's stock valued at $513,000 after purchasing an additional 132 shares during the period. Premier Path Wealth Partners LLC grew its holdings in shares of Charles Schwab by 1.8% in the first quarter. Premier Path Wealth Partners LLC now owns 7,817 shares of the financial services provider's stock worth $612,000 after purchasing an additional 140 shares during the last quarter. Finally, Sutton Place Investors LLC increased its stake in Charles Schwab by 1.6% in the 1st quarter. Sutton Place Investors LLC now owns 8,677 shares of the financial services provider's stock worth $679,000 after buying an additional 140 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

Shares of Charles Schwab stock traded down $0.60 during midday trading on Tuesday, hitting $92.00. The company had a trading volume of 7,089,514 shares, compared to its average volume of 9,569,995. The company has a fifty day simple moving average of $87.69 and a 200 day simple moving average of $81.01. The stock has a market cap of $167.16 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 0.99 and a beta of 0.93. 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 12-month low of $61.01 and a 12-month high of $92.78.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the previous year, the firm posted $0.74 earnings per share. As a group, analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's payout ratio is 32.73%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. William Blair lowered shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. JPMorgan Chase & Co. increased 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. Citigroup lifted their price objective on Charles Schwab from $102.00 to $105.00 and gave the company a "buy" rating in a report on Monday. Keefe, Bruyette & Woods boosted their price target on shares of Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a report on Tuesday, April 22nd. Finally, TD Securities boosted their price objective on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $89.55.

Insider Activity

In related news, insider Nigel J. Murtagh sold 20,872 shares of Charles Schwab stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total transaction of $1,878,688.72. Following the completion of the transaction, the insider directly owned 58,999 shares in the company, valued at approximately $5,310,499.99. This trade represents a 26.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 10,129 shares of Charles Schwab stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total transaction of $911,711.29. Following the transaction, the insider directly owned 39,154 shares of the company's stock, valued at approximately $3,524,251.54. This trade represents a 20.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,905 shares of company stock valued at $10,530,833 over the last quarter. 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.