DekaBank Deutsche Girozentrale Acquires 23,212 Shares of The Charles Schwab Corporation (NYSE:SCHW)

DekaBank Deutsche Girozentrale raised its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 5.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 419,318 shares of the financial services provider's stock after acquiring an additional 23,212 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Charles Schwab were worth $32,360,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock valued at $1,794,000 after acquiring an additional 19,195 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Charles Schwab in the 4th quarter valued at about $441,000. AlphaQuest LLC grew its holdings in shares of Charles Schwab by 81.0% in the 4th quarter. AlphaQuest LLC now owns 7,531 shares of the financial services provider's stock valued at $557,000 after acquiring an additional 3,370 shares in the last quarter. Sage Mountain Advisors LLC grew its holdings in shares of Charles Schwab by 4.4% in the 4th quarter. Sage Mountain Advisors LLC now owns 7,454 shares of the financial services provider's stock valued at $552,000 after acquiring an additional 311 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of Charles Schwab by 1.5% in the 4th quarter. Citizens Financial Group Inc. RI now owns 100,967 shares of the financial services provider's stock valued at $7,473,000 after acquiring an additional 1,490 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, General Counsel Peter J. Morgan III sold 10,176 shares of Charles Schwab stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nigel J. Murtagh sold 20,872 shares of the business's 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 $1,878,688.72. Following the transaction, the insider owned 58,999 shares of the company's stock, valued at approximately $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 sold 119,905 shares of company stock valued at $10,530,833 in the last quarter. Corporate insiders own 6.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. William Blair cut Charles Schwab from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. Wells Fargo & Company reduced their price target on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Raymond James Financial lifted their price target on Charles Schwab from $91.00 to $99.00 and gave the stock an "outperform" rating in a report on Wednesday. Morgan Stanley lifted their price target on Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Finally, UBS Group lifted their price target on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.85.

Charles Schwab Stock Up 0.4%

NYSE SCHW opened at $92.31 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. The Charles Schwab Corporation has a 1-year low of $61.01 and a 1-year high of $92.80. The company has a 50 day moving average of $88.12 and a 200-day moving average of $81.16. The company has a market cap of $167.72 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 0.98 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly 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. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The company 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 business earned $0.74 earnings per share. On average, equities 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 declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.17%. Charles Schwab's payout ratio is 32.73%.

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.

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