Mirae Asset Global Investments Co. Ltd. Has $22.59 Million Holdings in The Charles Schwab Corporation (NYSE:SCHW)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 33.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 308,308 shares of the financial services provider's stock after acquiring an additional 77,808 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Charles Schwab were worth $22,586,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SCHW. Brighton Jones LLC raised its holdings in Charles Schwab by 380.5% in the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock valued at $1,794,000 after buying an additional 19,195 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Charles Schwab during the fourth quarter worth $46,000. Proficio Capital Partners LLC purchased a new position in shares of Charles Schwab in the fourth quarter valued at $32,643,000. QRG Capital Management Inc. grew its holdings in Charles Schwab by 7.9% during the 4th quarter. QRG Capital Management Inc. now owns 26,699 shares of the financial services provider's stock valued at $1,976,000 after purchasing an additional 1,954 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in Charles Schwab by 6.1% during the 4th quarter. Private Trust Co. NA now owns 5,368 shares of the financial services provider's stock valued at $397,000 after purchasing an additional 309 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

Shares of NYSE SCHW traded up $0.58 during midday trading on Friday, reaching $90.02. 9,335,355 shares of the company traded hands, compared to its average volume of 9,511,640. The Charles Schwab Corporation has a 52 week low of $61.01 and a 52 week high of $90.86. The stock has a 50-day moving average price of $86.10 and a 200 day moving average price of $80.38. 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 market cap of $163.56 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 0.96 and a beta of 0.94.

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

Charles Schwab Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio is currently 32.73%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SCHW. Keefe, Bruyette & Woods raised their price target on shares of Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a report on Tuesday, April 22nd. Wells Fargo & Company lowered their price target on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Cowen reaffirmed a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. Redburn Atlantic raised shares of Charles Schwab from a "sell" rating to a "neutral" rating and raised their price target for the stock from $65.00 to $82.00 in a research report on Monday, June 9th. Finally, UBS Group raised their price target 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. Two analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Charles Schwab currently has an average rating of "Moderate Buy" and a consensus target price of $89.40.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,850 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $87.57, for a total value of $249,574.50. Following the completion of the sale, the insider now directly owns 15,219 shares of the company's stock, valued at approximately $1,332,727.83. This represents a 15.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan M. Craig sold 47,500 shares of Charles Schwab stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $88.46, for a total transaction of $4,201,850.00. The disclosure for this sale can be found here. Insiders have sold a total of 119,995 shares of company stock worth $10,493,320 over the last ninety days. 6.30% of the stock is currently owned by corporate insiders.

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.