Community Financial Services Group LLC Has $3.95 Million Stock Position in The Charles Schwab Corporation (NYSE:SCHW)

Community Financial Services Group LLC lessened its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 15.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,423 shares of the financial services provider's stock after selling 9,358 shares during the period. Community Financial Services Group LLC's holdings in Charles Schwab were worth $3,947,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SCHW. Vanguard Group Inc. increased its holdings in Charles Schwab by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock worth $9,516,075,000 after purchasing an additional 1,187,384 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Charles Schwab by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider's stock worth $2,279,742,000 after buying an additional 760,043 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Charles Schwab by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider's stock worth $1,513,894,000 after purchasing an additional 265,708 shares during the last quarter. Norges Bank bought a new stake in shares of Charles Schwab in the 4th quarter worth about $1,289,544,000. Finally, Northern Trust Corp increased its holdings in Charles Schwab by 13.4% in 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. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SCHW. The Goldman Sachs Group raised Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a report on Friday, April 25th. Piper Sandler boosted their price target on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Barclays lowered their target price on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research report on Tuesday, April 22nd. Finally, Morgan Stanley boosted their price objective on shares of Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Charles Schwab has an average rating of "Moderate Buy" and a consensus price target of $89.40.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded up $0.58 on Friday, hitting $90.02. The company's stock had a trading volume of 9,335,355 shares, compared to its average volume of 9,509,584. The stock's 50-day moving average is $86.10 and its two-hundred day moving average is $80.39. The company has a market capitalization of $163.56 billion, a price-to-earnings 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 quick ratio of 0.53 and a current ratio of 0.53. The Charles Schwab Corporation has a 12 month low of $61.01 and a 12 month 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 firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. During the same quarter in the prior year, the firm posted $0.74 EPS. On average, equities research analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current 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 issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Insider Buying and Selling at Charles Schwab

In other news, insider Nigel J. Murtagh sold 20,872 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were 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 now owns 58,999 shares in the company, valued at approximately $5,310,499.99. This trade represents a 26.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total transaction of $261,713.40. Following the sale, the insider now owns 45,824 shares of the company's stock, valued at $3,548,152.32. The trade was a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,995 shares of company stock valued at $10,493,320. 6.30% of the stock is owned by corporate insiders.

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.