The Charles Schwab Corporation (NYSE:SCHW) Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS grew its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 9.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 590,472 shares of the financial services provider's stock after buying an additional 51,900 shares during the period. KLP Kapitalforvaltning AS's holdings in Charles Schwab were worth $46,222,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Cary Street Partners Financial LLC bought a new position in Charles Schwab during the fourth quarter valued at approximately $1,455,000. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Charles Schwab by 6.2% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,181,563 shares of the financial services provider's stock worth $92,493,000 after buying an additional 68,858 shares in the last quarter. Graham Capital Management L.P. grew its stake in shares of Charles Schwab by 248.3% in the 4th quarter. Graham Capital Management L.P. now owns 112,376 shares of the financial services provider's stock worth $8,317,000 after buying an additional 80,112 shares in the last quarter. World Investment Advisors boosted its stake in shares of Charles Schwab by 7.6% during the 1st quarter. World Investment Advisors now owns 163,007 shares of the financial services provider's stock worth $12,760,000 after purchasing an additional 11,505 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in Charles Schwab by 17.2% during the 1st quarter. State of Alaska Department of Revenue now owns 199,687 shares of the financial services provider's stock valued at $15,631,000 after buying an additional 29,255 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SCHW has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research note on Friday, April 25th. Wells Fargo & Company set a $102.00 price objective on shares of Charles Schwab and gave the company an "overweight" rating in a report on Friday, July 18th. UBS Group upped their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. William Blair cut shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Finally, Redburn Atlantic raised shares of Charles Schwab from a "sell" rating to a "neutral" rating and increased their target price for the stock from $65.00 to $82.00 in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.65.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Jonathan M. Craig sold 47,500 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total transaction of $889,280.64. The disclosure for this sale can be found here. Insiders sold a total of 116,313 shares of company stock worth $10,264,091 over the last quarter. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Performance

NYSE:SCHW traded up $1.39 during midday trading on Thursday, reaching $96.54. The stock had a trading volume of 9,038,629 shares, compared to its average volume of 10,284,798. The firm has a fifty day simple moving average of $90.00 and a two-hundred day simple moving average of $82.48. The Charles Schwab Corporation has a 12-month low of $61.15 and a 12-month high of $97.50. 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 stock has a market cap of $175.41 billion, a P/E ratio of 25.95, a P/E/G ratio of 0.92 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The financial services provider reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.04. Charles Schwab had a net margin of 33.68% and a return on equity of 19.73%. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same period last year, the firm posted $0.73 EPS. Charles Schwab's quarterly revenue was up 24.8% on a year-over-year basis. On average, equities analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current year.

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.