Kentucky Retirement Systems Has $8.86 Million Stock Holdings in The Charles Schwab Corporation (NYSE:SCHW)

Kentucky Retirement Systems raised its stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 10.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,157 shares of the financial services provider's stock after acquiring an additional 10,498 shares during the period. Kentucky Retirement Systems' holdings in Charles Schwab were worth $8,858,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Shum Financial Group Inc. raised its holdings in Charles Schwab by 21.6% in the 1st quarter. Shum Financial Group Inc. now owns 3,316 shares of the financial services provider's stock valued at $260,000 after acquiring an additional 588 shares in the last quarter. Cullinan Associates Inc. raised its holdings in shares of Charles Schwab by 3.5% during the 1st quarter. Cullinan Associates Inc. now owns 11,900 shares of the financial services provider's stock worth $932,000 after buying an additional 400 shares in the last quarter. Praxis Investment Management Inc. raised its holdings in shares of Charles Schwab by 3.8% during the 1st quarter. Praxis Investment Management Inc. now owns 36,360 shares of the financial services provider's stock worth $2,846,000 after buying an additional 1,320 shares in the last quarter. Castleview Partners LLC raised its holdings in shares of Charles Schwab by 7.0% during the 1st quarter. Castleview Partners LLC now owns 3,672 shares of the financial services provider's stock worth $287,000 after buying an additional 241 shares in the last quarter. Finally, Private Wealth Partners LLC raised its holdings in shares of Charles Schwab by 92.7% during the 1st quarter. Private Wealth Partners LLC now owns 105,088 shares of the financial services provider's stock worth $8,226,000 after buying an additional 50,560 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Charles Schwab

In related news, insider Paul V. Woolway sold 10,129 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total transaction of $911,711.29. Following the sale, the insider now owns 39,154 shares in the company, valued at $3,524,251.54. This represents a 20.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 128,609 shares of company stock worth $11,182,440. Insiders own 6.30% of the company's stock.

Charles Schwab Trading Down 0.7%

NYSE SCHW opened at $89.25 on Friday. The business's 50-day moving average price is $84.81 and its two-hundred day moving average price is $80.12. The Charles Schwab Corporation has a 12 month low of $61.01 and a 12 month high of $90.60. The firm has a market capitalization of $162.16 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 0.95 and a beta of 0.94. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the previous year, the company posted $0.74 EPS. On average, analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.21%. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SCHW shares. Cowen reissued a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. JMP Securities reissued a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a report on Monday, April 21st. Morgan Stanley boosted their price target on Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. TD Securities boosted their price target on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, The Goldman Sachs Group raised Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company 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.

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