DekaBank Deutsche Girozentrale Grows Position in The Charles Schwab Corporation (NYSE:SCHW)

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in Charles Schwab by 380.5% in the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock worth $1,794,000 after acquiring an additional 19,195 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Charles Schwab in the 4th quarter valued at about $441,000. AlphaQuest LLC lifted its position 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 worth $557,000 after purchasing an additional 3,370 shares during the period. Sage Mountain Advisors LLC boosted its stake in shares of Charles Schwab by 4.4% during the fourth quarter. Sage Mountain Advisors LLC now owns 7,454 shares of the financial services provider's stock valued at $552,000 after purchasing an additional 311 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in Charles Schwab by 1.5% during the fourth quarter. Citizens Financial Group Inc. RI now owns 100,967 shares of the financial services provider's stock valued at $7,473,000 after buying an additional 1,490 shares during the period. Institutional investors own 84.38% of the company's stock.

Analysts Set New Price Targets

SCHW has been the subject of a number of analyst reports. William Blair lowered Charles Schwab from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. UBS Group boosted their price target on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research report on Tuesday, April 22nd. The Goldman Sachs Group upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a report on Friday, April 25th. Finally, Wells Fargo & Company increased their price target on shares of Charles Schwab from $87.00 to $102.00 and gave the company an "overweight" rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $92.70.

Charles Schwab Stock Performance

Shares of SCHW traded down $1.08 during trading hours on Friday, reaching $91.96. 6,814,781 shares of the company traded hands, compared to its average volume of 9,587,589. 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 business has a fifty day moving average price of $88.53 and a 200-day moving average price of $81.40. The Charles Schwab Corporation has a 12-month low of $61.01 and a 12-month high of $93.35. The stock has a market capitalization of $167.09 billion, a P/E ratio of 27.87, a P/E/G ratio of 0.98 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. During the same quarter in the previous year, the business earned $0.74 EPS. Equities analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.17%. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Insider Activity at Charles Schwab

In other news, insider Jonathan M. Craig sold 47,500 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total value of $4,201,850.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nigel J. Murtagh sold 20,872 shares of the stock in a transaction 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 sale, the insider owned 58,999 shares in the company, valued at $5,310,499.99. The trade was a 26.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 119,905 shares of company stock worth $10,530,833 in the last ninety days. 6.30% of the stock is owned by company insiders.

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.