The Charles Schwab Corporation (NYSE:SCHW) Position Boosted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 10.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 198,181 shares of the financial services provider's stock after buying an additional 19,089 shares during the period. Mutual of America Capital Management LLC's holdings in Charles Schwab were worth $15,514,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SCHW. Cary Street Partners Financial LLC purchased a new position in shares of Charles Schwab during the 4th quarter worth approximately $1,455,000. Graham Capital Management L.P. increased its stake in shares of Charles Schwab by 248.3% during the 4th quarter. Graham Capital Management L.P. now owns 112,376 shares of the financial services provider's stock worth $8,317,000 after purchasing an additional 80,112 shares in the last quarter. World Investment Advisors increased its stake in shares of Charles Schwab by 7.6% during the 1st quarter. World Investment Advisors now owns 163,007 shares of the financial services provider's stock worth $12,760,000 after purchasing an additional 11,505 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Charles Schwab by 14.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 146,392 shares of the financial services provider's stock worth $11,460,000 after purchasing an additional 18,280 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in 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 worth $15,631,000 after acquiring an additional 29,255 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,850 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $87.57, for a total transaction of $249,574.50. Following the sale, the insider owned 15,219 shares in the company, valued at $1,332,727.83. This represents a 15.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul V. Woolway sold 3,290 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $90.95, for a total value of $299,225.50. Following the transaction, the insider directly owned 35,864 shares of the company's stock, valued at $3,261,830.80. This trade represents a 8.40% 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 valued at $10,530,833 over the last three months. Company insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SCHW shares. UBS Group raised their target price 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. JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Cowen restated a "buy" rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Raymond James Financial raised their target price on shares of Charles Schwab from $91.00 to $99.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Morgan Stanley raised their target price on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Two 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.70.

Charles Schwab Stock Down 1.2%

Shares of NYSE:SCHW traded down $1.08 during trading on Friday, hitting $91.96. The company's stock had a trading volume of 6,814,781 shares, compared to its average volume of 9,599,814. 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 fifty-two week low of $61.01 and a fifty-two week high of $93.35. The stock's 50-day moving average price is $88.53 and its two-hundred day moving average price is $81.45. The company has a market capitalization of $167.09 billion, a PE ratio of 27.87, a PEG ratio of 0.97 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results 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. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. The business had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. As a group, sell-side analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders 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 of this dividend was Friday, May 9th. Charles Schwab's payout ratio is currently 32.73%.

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.