Hemenway Trust Co LLC Takes Position in The Charles Schwab Corporation (NYSE:SCHW)

Hemenway Trust Co LLC bought a new stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,085 shares of the financial services provider's stock, valued at approximately $320,000.

Several other large investors also recently modified their holdings of SCHW. Atwood & Palmer Inc. acquired a new position in shares of Charles Schwab during the first quarter worth about $25,000. WFA Asset Management Corp acquired a new position in Charles Schwab during the 1st quarter worth approximately $33,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $38,000. Atala Financial Inc bought a new stake in Charles Schwab during the 4th quarter worth about $41,000. Finally, Investors Research Corp raised its stake in shares of Charles Schwab by 75.2% during the 1st quarter. Investors Research Corp now owns 559 shares of the financial services provider's stock worth $44,000 after purchasing an additional 240 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SCHW shares. JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. UBS Group upped their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. JMP Securities reiterated a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a report on Monday, April 21st. TD Securities upped their price objective on Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Redburn Atlantic raised Charles Schwab from a "sell" rating to a "neutral" rating and raised their price objective for the company from $65.00 to $82.00 in a research report on Monday, June 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Charles Schwab has an average rating of "Moderate Buy" and a consensus target price of $89.40.

Insider Buying and Selling

In other news, insider Paul V. Woolway sold 3,380 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total value of $261,713.40. Following the transaction, the insider now owns 45,824 shares in the company, valued at approximately $3,548,152.32. The trade was a 6.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,850 shares of Charles Schwab stock in a transaction on Friday, May 30th. The stock was sold at an average price of $87.57, for a total transaction of $249,574.50. Following the transaction, the insider now directly owns 15,219 shares of the company's stock, valued at $1,332,727.83. This represents a 15.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,608 shares of company stock valued at $8,392,040 over the last ninety days. 6.30% of the stock is owned by company insiders.

Charles Schwab Price Performance

SCHW traded up $0.94 during trading on Thursday, hitting $89.90. 8,081,605 shares of the stock traded hands, compared to its average volume of 9,437,175. The business has a 50 day moving average price of $84.24 and a 200 day moving average price of $80.01. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53. The Charles Schwab Corporation has a twelve month low of $61.01 and a twelve month high of $90.19. The company has a market cap of $163.35 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 0.95 and a beta of 0.94.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. The business had revenue of $5.60 billion during 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 period in the prior year, the company earned $0.74 EPS. Equities research analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal 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 given a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.20%. 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.