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

Madison Asset Management LLC lowered its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 0.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 957,641 shares of the financial services provider's stock after selling 3,798 shares during the period. Madison Asset Management LLC owned approximately 0.05% of Charles Schwab worth $74,964,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of SCHW. Atwood & Palmer Inc. purchased a new stake in Charles Schwab in the 1st quarter worth approximately $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 worth $27,000 after purchasing an additional 150 shares in the last quarter. WFA Asset Management Corp acquired a new position in shares of Charles Schwab during the 1st quarter worth approximately $33,000. Cornerstone Planning Group LLC raised its stake in shares of Charles Schwab by 90.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider's stock worth $36,000 after buying an additional 220 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Charles Schwab during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Trading Up 1.5%

Shares of NYSE SCHW traded up $1.39 during mid-day trading on Thursday, reaching $96.54. 9,042,432 shares of the company's stock were exchanged, compared to its average volume of 10,285,248. The firm has a market capitalization of $175.41 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 0.92 and a beta of 0.93. 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 Charles Schwab Corporation has a 52-week low of $61.15 and a 52-week high of $97.50. The company's 50-day moving average is $90.00 and its 200-day moving average is $82.48.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The financial services provider reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.04. The business had revenue of $5.85 billion during the quarter, compared to analysts' expectations of $5.64 billion. Charles Schwab had a return on equity of 19.73% and a net margin of 33.68%. The company's revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 EPS. Analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.12%. Charles Schwab's dividend payout ratio is presently 29.03%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their target price on Charles Schwab from $102.00 to $108.00 and gave the stock an "outperform" rating in a research note on Monday. Cowen reaffirmed a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Morgan Stanley reissued an "overweight" rating and issued a $117.00 price objective (up from $83.00) on shares of Charles Schwab in a research note on Tuesday, July 15th. The Goldman Sachs Group raised Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research note on Friday, April 25th. Finally, UBS Group increased their price objective on Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $98.65.

Insider Buying and Selling at Charles Schwab

In related news, Director Paula A. Sneed sold 8,647 shares of the firm's 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 completion of the transaction, the director directly owned 105,654 shares in the company, valued at $9,303,891.24. This trade represents a 7.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nigel J. Murtagh sold 20,872 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total value of $1,878,688.72. Following the transaction, the insider owned 58,999 shares of the company's stock, valued at $5,310,499.99. This trade represents a 26.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,313 shares of company stock worth $10,264,091. Insiders own 6.30% of the company's stock.

Charles Schwab 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.