Hexagon Capital Partners LLC Sells 4,008 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Hexagon Capital Partners LLC lowered its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 78.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,123 shares of the financial services provider's stock after selling 4,008 shares during the period. Hexagon Capital Partners LLC's holdings in Charles Schwab were worth $88,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake 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 valued at $9,516,075,000 after purchasing an additional 1,187,384 shares in the last quarter. Geode Capital Management LLC increased its stake in Charles Schwab by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider's stock valued at $2,279,742,000 after purchasing an additional 760,043 shares in the last quarter. Norges Bank bought a new stake in Charles Schwab during the 4th quarter valued at about $1,289,544,000. Northern Trust Corp increased its stake in Charles Schwab by 13.4% during the 4th quarter. Northern Trust Corp now owns 15,739,917 shares of the financial services provider's stock valued at $1,164,911,000 after purchasing an additional 1,864,286 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Charles Schwab by 3.0% during the 4th quarter. Invesco Ltd. now owns 14,842,544 shares of the financial services provider's stock valued at $1,098,497,000 after purchasing an additional 430,250 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Insider Transactions at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 10,176 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan M. Craig sold 47,500 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $88.46, for a total transaction of $4,201,850.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,905 shares of company stock valued at $10,530,833. 6.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on SCHW shares. Barclays reduced their price target 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. JMP Securities reiterated a "market outperform" rating and issued a $94.00 price target on shares of Charles Schwab in a research note on Monday, April 21st. Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 22nd. Morgan Stanley lifted their price target on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Finally, Citigroup lifted their price target on shares of Charles Schwab from $102.00 to $105.00 and gave the stock a "buy" rating in a research note on Monday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $89.55.

Charles Schwab Price Performance

Shares of SCHW traded down $0.60 during mid-day trading on Tuesday, reaching $92.00. The stock had a trading volume of 7,089,514 shares, compared to its average volume of 9,569,995. The firm has a market cap of $167.16 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 0.98 and a beta of 0.93. The Charles Schwab Corporation has a 12 month low of $61.01 and a 12 month high of $92.78. The business has a fifty day moving average of $87.69 and a 200 day moving average of $81.01. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53.

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, topping 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 business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period in the prior year, the business posted $0.74 earnings per share. Equities analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently announced 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 1.17%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is presently 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.