The Charles Schwab Corporation (NYSE:SCHW) Shares Sold by Lountzis Asset Management LLC

Lountzis Asset Management LLC lowered its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 43.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,166 shares of the financial services provider's stock after selling 3,950 shares during the period. Lountzis Asset Management LLC's holdings in Charles Schwab were worth $414,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SCHW. Brighton Jones LLC boosted its holdings in shares of Charles Schwab by 380.5% during the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock valued at $1,794,000 after purchasing an additional 19,195 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Charles Schwab during the 4th quarter valued at about $441,000. AlphaQuest LLC boosted its holdings in shares of Charles Schwab by 81.0% during the 4th quarter. AlphaQuest LLC now owns 7,531 shares of the financial services provider's stock valued at $557,000 after purchasing an additional 3,370 shares during the last quarter. Sage Mountain Advisors LLC boosted its holdings in shares of Charles Schwab by 4.4% during the 4th quarter. Sage Mountain Advisors LLC now owns 7,454 shares of the financial services provider's stock valued at $552,000 after purchasing an additional 311 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its position in shares of Charles Schwab by 1.5% during the 4th quarter. Citizens Financial Group Inc. RI now owns 100,967 shares of the financial services provider's stock valued at $7,473,000 after buying an additional 1,490 shares in the last quarter. Institutional investors own 84.38% of the company's stock.

Insider Activity at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 10,176 shares of the business'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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 3,290 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider owned 35,864 shares in the company, valued at approximately $3,261,830.80. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,905 shares of company stock worth $10,530,833 in the last 90 days. 6.30% of the stock is owned by insiders.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded down $1.12 on Friday, hitting $91.93. 3,149,126 shares of the company were exchanged, compared to its average volume of 9,559,031. The Charles Schwab Corporation has a 1-year low of $61.01 and a 1-year high of $93.35. The stock's 50 day moving average price is $88.35 and its 200 day moving average price is $81.29. 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 firm has a market capitalization of $167.02 billion, a P/E ratio of 27.85, a price-to-earnings-growth ratio of 0.97 and a beta of 0.93.

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

Charles Schwab Announces Dividend

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. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.17%. Charles Schwab's dividend payout ratio is presently 32.73%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SCHW. Barclays upped their target price on shares of Charles Schwab from $89.00 to $106.00 and gave the company an "overweight" rating in a research report on Thursday. Morgan Stanley upped their target price on shares of Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Raymond James Financial upped their target price on shares of Charles Schwab from $91.00 to $99.00 and gave the company an "outperform" rating in a research report on Wednesday. Keefe, Bruyette & Woods upped their target price on shares of Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research report on Tuesday, April 22nd. Finally, Cowen restated a "buy" rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Two investment 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. Based on data from MarketBeat.com, Charles Schwab currently has an average rating of "Moderate Buy" and an average price target of $92.70.

Charles Schwab Company Profile

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.