The Charles Schwab Corporation (NYSE:SCHW) Shares Sold by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC lowered its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 12.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,268 shares of the financial services provider's stock after selling 6,772 shares during the quarter. Hunter Perkins Capital Management LLC's holdings in Charles Schwab were worth $3,778,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atwood & Palmer Inc. acquired a new position in shares of Charles Schwab in the 1st quarter valued at $25,000. WFA Asset Management Corp acquired a new stake in shares of Charles Schwab during the 1st quarter worth about $33,000. Murphy & Mullick Capital Management Corp purchased a new stake in Charles Schwab in the 4th quarter valued at about $38,000. Beacon Capital Management LLC raised its holdings in Charles Schwab by 53.1% in the 1st quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock valued at $38,000 after buying an additional 169 shares during the period. Finally, Atala Financial Inc acquired a new position in Charles Schwab in the fourth quarter valued at about $41,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Up 0.6%

NYSE SCHW traded up $0.58 on Friday, hitting $90.02. 9,335,355 shares of the stock were exchanged, compared to its average volume of 9,493,385. The Charles Schwab Corporation has a fifty-two week low of $61.01 and a fifty-two week high of $90.86. The company has a 50-day moving average price of $85.83 and a 200-day moving average price of $80.34. 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 company has a market cap of $163.56 billion, a PE ratio of 27.28, a PEG ratio of 0.96 and a beta of 0.94.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) 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 analysts' expectations of $5.46 billion. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. During the same period in the previous year, the company earned $0.74 EPS. Sell-side 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 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 of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.20%. Charles Schwab's dividend payout ratio is currently 32.73%.

Insider Activity

In related news, insider Paul V. Woolway sold 3,380 shares of the business's stock in a transaction 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 completion of the sale, the insider now directly owns 45,824 shares of the company's stock, valued at $3,548,152.32. The trade was a 6.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nigel J. Murtagh sold 20,872 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total value of $1,878,688.72. Following the transaction, the insider now directly owns 58,999 shares in the company, valued at approximately $5,310,499.99. The trade was a 26.13% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,995 shares of company stock worth $10,493,320. 6.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. TD Securities lifted their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Barclays dropped their target price on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Piper Sandler upped their price target on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. JPMorgan Chase & Co. raised their price target on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $89.40.

About Charles Schwab

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.