Louisiana State Employees Retirement System Has $7.17 Million Stake in The Charles Schwab Corporation (NYSE:SCHW)

Louisiana State Employees Retirement System increased its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 13.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,600 shares of the financial services provider's stock after acquiring an additional 11,200 shares during the period. Louisiana State Employees Retirement System's holdings in Charles Schwab were worth $7,170,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Atwood & Palmer Inc. bought a new position in Charles Schwab in the 1st quarter valued at $25,000. Westside Investment Management Inc. boosted its position in Charles Schwab by 75.0% in the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after buying an additional 150 shares during the last quarter. WFA Asset Management Corp bought a new position in Charles Schwab in the 1st quarter valued at $33,000. Cornerstone Planning Group LLC boosted its position in Charles Schwab by 90.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider's stock valued at $36,000 after buying an additional 220 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in Charles Schwab in the 4th quarter valued at $38,000. 84.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Charles Schwab

In related news, insider Paul V. Woolway sold 3,290 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was 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 approximately $3,261,830.80. This trade represents a 8.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paula A. Sneed sold 8,647 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total value of $761,454.82. Following the sale, the director directly owned 105,654 shares in the company, valued at $9,303,891.24. The trade was a 7.57% decrease in their position. 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 in the last three months. 6.30% of the stock is owned by insiders.

Analyst Ratings Changes

SCHW has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their price objective on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research report on Tuesday, April 22nd. Barclays increased their price objective on Charles Schwab from $89.00 to $106.00 and gave the company an "overweight" rating in a research report on Thursday. Citigroup increased their price objective on Charles Schwab from $102.00 to $105.00 and gave the company a "buy" rating in a research report on Monday, July 7th. JPMorgan Chase & Co. increased their price objective on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Finally, Morgan Stanley increased their price objective on Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and an average price target of $92.70.

Charles Schwab Trading Down 1.2%

Shares of SCHW stock traded down $1.08 during trading hours on Friday, reaching $91.96. The company had a trading volume of 6,814,781 shares, compared to its average volume of 9,599,814. The firm has a market cap of $167.09 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 0.97 and a beta of 0.93. The Charles Schwab Corporation has a 1-year low of $61.01 and a 1-year high of $93.35. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53. The company has a 50 day moving average of $88.53 and a 200 day moving average of $81.45.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. During the same quarter last year, the business posted $0.74 EPS. On average, equities research analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.17%. The ex-dividend date was Friday, May 9th. Charles Schwab's payout ratio is presently 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.