Keybank National Association OH Has $3.88 Million Holdings in The Charles Schwab Corporation (NYSE:SCHW)

Keybank National Association OH trimmed its stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 21.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,608 shares of the financial services provider's stock after selling 13,454 shares during the period. Keybank National Association OH's holdings in Charles Schwab were worth $3,883,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Arbor Trust Wealth Advisors LLC increased its position in Charles Schwab by 14.5% in the 1st quarter. Arbor Trust Wealth Advisors LLC now owns 11,355 shares of the financial services provider's stock worth $889,000 after buying an additional 1,441 shares during the period. DAVENPORT & Co LLC increased its position in Charles Schwab by 14.6% in the 1st quarter. DAVENPORT & Co LLC now owns 303,469 shares of the financial services provider's stock worth $23,732,000 after buying an additional 38,724 shares during the period. Svenska Handelsbanken AB publ bought a new position in Charles Schwab in the 1st quarter worth approximately $961,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Charles Schwab by 9.8% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 213,323 shares of the financial services provider's stock worth $16,699,000 after buying an additional 18,999 shares during the period. Finally, Smith Group Asset Management LLC bought a new position in Charles Schwab in the 1st quarter worth approximately $16,289,000. 84.38% of the stock is owned by institutional investors.

Insider Activity

In other Charles Schwab news, insider Paul V. Woolway sold 3,290 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $90.95, for a total transaction of $299,225.50. Following the sale, the insider owned 35,864 shares of the company's stock, valued at $3,261,830.80. This represents a 8.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paula A. Sneed sold 8,647 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total transaction of $761,454.82. Following the sale, the director directly owned 105,654 shares in the company, valued at approximately $9,303,891.24. This represents a 7.57% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,905 shares of company stock worth $10,530,833. 6.30% of the stock is currently owned by insiders.

Charles Schwab Price Performance

Shares of NYSE:SCHW traded down $0.14 on Friday, hitting $91.20. The stock had a trading volume of 5,765,549 shares, compared to its average volume of 9,572,077. The Charles Schwab Corporation has a twelve month low of $61.01 and a twelve month high of $92.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53. The firm's 50 day moving average price is $87.44 and its 200-day moving average price is $80.83. The company has a market capitalization of $165.71 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued 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. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the company earned $0.74 EPS. On average, equities research analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio is currently 32.73%.

Wall Street Analyst Weigh In

Several brokerages have commented on SCHW. JPMorgan Chase & Co. lifted 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. Barclays lowered their price objective on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Redburn Atlantic upgraded Charles Schwab from a "sell" rating to a "neutral" rating and upped their target price for the company from $65.00 to $82.00 in a research note on Monday, June 9th. Cowen reiterated a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Finally, Citigroup raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and boosted their price target for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. 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. According to MarketBeat, the stock currently has an average 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.