Kampmann Melissa S. Lowers Position in The Charles Schwab Corporation (NYSE:SCHW)

Kampmann Melissa S. decreased its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 19.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,335 shares of the financial services provider's stock after selling 7,485 shares during the quarter. Charles Schwab accounts for approximately 1.9% of Kampmann Melissa S.'s investment portfolio, making the stock its 29th biggest holding. Kampmann Melissa S.'s holdings in Charles Schwab were worth $2,375,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SCHW. Vanguard Group Inc. raised its holdings in shares of Charles Schwab by 0.9% in the fourth 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 during the last quarter. Geode Capital Management LLC increased its stake in Charles Schwab by 2.5% in 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 buying an additional 760,043 shares during the last quarter. Norges Bank purchased a new stake in Charles Schwab in the 4th quarter valued at about $1,289,544,000. Northern Trust Corp lifted its position in shares of 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 worth $1,164,911,000 after buying an additional 1,864,286 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Charles Schwab by 3.0% in the 4th quarter. Invesco Ltd. now owns 14,842,544 shares of the financial services provider's stock worth $1,098,497,000 after buying an additional 430,250 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,850 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $87.57, for a total value of $249,574.50. Following the completion of the sale, the insider owned 15,219 shares of the company's stock, valued at $1,332,727.83. This represents a 15.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul V. Woolway sold 10,129 shares of Charles Schwab stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total transaction of $911,711.29. Following the completion of the transaction, the insider owned 39,154 shares in the company, valued at approximately $3,524,251.54. The trade was a 20.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 116,615 shares of company stock valued at $10,231,607. 6.30% of the stock is currently owned by company insiders.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded down $0.06 during midday trading on Tuesday, reaching $91.18. 8,199,574 shares of the company traded hands, compared to its average volume of 9,506,465. The firm's fifty day moving average price is $86.42 and its two-hundred day moving average price is $80.44. The firm has a market capitalization of $165.67 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 0.96 and a beta of 0.94. 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 Charles Schwab Corporation has a 12 month low of $61.01 and a 12 month high of $91.67.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $5.60 billion for 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 quarter in the prior year, the firm posted $0.74 earnings per share. On average, equities analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.18%. Charles Schwab's dividend payout ratio is presently 32.73%.

Analyst Ratings Changes

A number of brokerages recently commented on SCHW. Piper Sandler lifted their price target on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Truist Financial lifted their target price on Charles Schwab from $97.00 to $100.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. TD Securities boosted their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Morgan Stanley raised their price objective on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Finally, Redburn Atlantic upgraded shares of Charles Schwab from a "sell" rating to a "neutral" rating and boosted their target price for the company from $65.00 to $82.00 in a research note on Monday, June 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of "Moderate Buy" and an average price target of $89.40.

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.