Czech National Bank Grows Holdings in The Charles Schwab Co. (NYSE:SCHW)

Czech National Bank boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 20.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 391,408 shares of the financial services provider's stock after acquiring an additional 67,280 shares during the quarter. Czech National Bank's holdings in Charles Schwab were worth $30,639,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Oregon Pacific Wealth Management LLC purchased a new position in shares of Charles Schwab in the 4th quarter valued at approximately $688,000. Cary Street Partners Financial LLC acquired a new stake in Charles Schwab during the 4th quarter valued at $1,455,000. Golden State Equity Partners lifted its holdings in Charles Schwab by 293.9% in the 4th quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock valued at $903,000 after purchasing an additional 9,108 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Charles Schwab by 7.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider's stock worth $47,674,000 after purchasing an additional 43,308 shares during the period. Finally, Banco Santander S.A. lifted its holdings in shares of Charles Schwab by 49.6% during the 4th quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider's stock worth $1,208,000 after acquiring an additional 5,413 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Charles Schwab

In related news, insider Paul V. Woolway sold 3,290 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $87.68, for a total value of $288,467.20. Following the transaction, the insider now owns 39,154 shares of the company's stock, valued at $3,433,022.72. This represents a 7.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the sale, the director now owns 172,162 shares in the company, valued at $12,784,750.12. This represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,608 shares of company stock worth $8,392,040 in the last quarter. Company insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on SCHW. Keefe, Bruyette & Woods raised their target price on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a report on Tuesday, April 22nd. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $85.00 to $102.00 in a research note on Wednesday, April 2nd. TD Cowen raised Charles Schwab from a "hold" rating to a "buy" rating and lifted their price target for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. TD Securities boosted their price objective on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Finally, 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 research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $89.63.

Charles Schwab Trading Up 0.2%

Shares of SCHW traded up $0.15 during mid-day trading on Thursday, reaching $87.63. 2,483,599 shares of the company's stock traded hands, compared to its average volume of 10,798,243. The stock has a market cap of $159.22 billion, a P/E ratio of 29.31, a P/E/G ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $89.85. The stock's 50-day moving average is $81.35 and its two-hundred day moving average is $79.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

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. 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 30.31% and a return on equity of 18.20%. During the same quarter in the previous year, the business posted $0.74 EPS. Research analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is 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.