Integrated Advisors Network LLC Buys 41,565 Shares of The Charles Schwab Co. (NYSE:SCHW)

Integrated Advisors Network LLC raised its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 281.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,357 shares of the financial services provider's stock after buying an additional 41,565 shares during the period. Integrated Advisors Network LLC's holdings in Charles Schwab were worth $4,412,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Charles Schwab by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock worth $9,516,075,000 after purchasing an additional 1,187,384 shares during the period. Geode Capital Management LLC boosted its holdings 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 acquiring an additional 760,043 shares during the period. Fisher Asset Management LLC increased its stake in shares of Charles Schwab by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider's stock valued at $1,513,894,000 after buying an additional 265,708 shares during the period. Norges Bank bought a new position in shares of Charles Schwab in the 4th quarter worth $1,289,544,000. Finally, Northern Trust Corp boosted its stake in Charles Schwab by 13.4% in the 4th quarter. Northern Trust Corp now owns 15,739,917 shares of the financial services provider's stock worth $1,164,911,000 after purchasing an additional 1,864,286 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Performance

Shares of SCHW traded down $0.20 during trading hours on Thursday, hitting $88.20. The company had a trading volume of 1,627,663 shares, compared to its average volume of 9,371,255. The firm has a market cap of $160.26 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 0.99 and a beta of 0.94. The business has a fifty day moving average of $82.58 and a 200-day moving average of $79.79. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $89.85.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period last year, the firm earned $0.74 EPS. Equities analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is currently 32.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research note on Friday, April 25th. Citigroup upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and increased their price target for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. raised their price objective on shares of Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Barclays dropped their price objective on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Finally, Wells Fargo & Company dropped their price target on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Charles Schwab has a consensus rating of "Moderate Buy" and an average price target of $89.25.

Insider Activity

In related news, insider Jonathan M. Craig sold 47,500 shares of Charles Schwab stock in a transaction that occurred 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 legal filing with the SEC, which is available at the SEC website. Also, insider Paul V. Woolway sold 8,614 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $80.00, for a total value of $689,120.00. Following the completion of the transaction, the insider now directly owns 49,204 shares of the company's stock, valued at $3,936,320. The trade was a 14.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,608 shares of company stock worth $8,392,040 over the last quarter. 6.30% of the stock is currently owned by corporate insiders.

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.