Los Angeles Capital Management LLC Purchases 2,051,273 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Los Angeles Capital Management LLC increased its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 172.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,239,897 shares of the financial services provider's stock after acquiring an additional 2,051,273 shares during the period. Charles Schwab makes up approximately 1.1% of Los Angeles Capital Management LLC's portfolio, making the stock its 16th biggest holding. Los Angeles Capital Management LLC owned 0.18% of Charles Schwab worth $253,619,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHW. Cary Street Partners Financial LLC acquired a new stake in shares of Charles Schwab during the fourth quarter valued at $1,455,000. Graham Capital Management L.P. boosted its stake in shares of Charles Schwab by 248.3% during the fourth quarter. Graham Capital Management L.P. now owns 112,376 shares of the financial services provider's stock valued at $8,317,000 after acquiring an additional 80,112 shares during the last quarter. World Investment Advisors boosted its stake in shares of Charles Schwab by 7.6% during the first quarter. World Investment Advisors now owns 163,007 shares of the financial services provider's stock valued at $12,760,000 after acquiring an additional 11,505 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Charles Schwab by 17.2% during the first 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 acquiring an additional 29,255 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Charles Schwab by 14.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 146,392 shares of the financial services provider's stock valued at $11,460,000 after acquiring an additional 18,280 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Buying and Selling

In other news, General Counsel Peter J. Morgan III sold 10,176 shares of Charles Schwab stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 10,129 shares of Charles Schwab stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total transaction of $911,711.29. Following the completion of the transaction, the insider directly owned 39,154 shares in the company, valued at $3,524,251.54. This trade represents a 20.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,905 shares of company stock worth $10,530,833 over the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Raymond James Financial reiterated an "outperform" rating and set a $99.00 target price on shares of Charles Schwab in a research report on Friday. UBS Group increased their target price on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Keefe, Bruyette & Woods increased their target price on Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. Wells Fargo & Company set a $102.00 price objective on Charles Schwab and gave the stock an "overweight" rating in a report on Friday. Finally, The Goldman Sachs Group upgraded Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $95.60.

Charles Schwab Price Performance

Shares of NYSE SCHW traded up $2.77 during mid-day trading on Friday, reaching $95.87. The company had a trading volume of 23,552,773 shares, compared to its average volume of 9,345,964. The Charles Schwab Corporation has a 1-year low of $61.15 and a 1-year high of $97.50. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. The stock has a market cap of $174.19 billion, a PE ratio of 25.77, a P/E/G ratio of 1.00 and a beta of 0.93. The company has a 50-day moving average price of $89.44 and a two-hundred day moving average price of $82.09.

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, topping the consensus estimate of $1.10 by $0.04. Charles Schwab had a return on equity of 19.73% and a net margin of 33.68%. The business had revenue of $5.85 billion during the quarter, compared to analysts' expectations of $5.64 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. The firm's revenue was up 24.8% compared to the same quarter last year. On average, equities analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company 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 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio is 32.73%.

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.