Nisa Investment Advisors LLC Acquires 53,239 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Nisa Investment Advisors LLC raised its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 11.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 513,514 shares of the financial services provider's stock after acquiring an additional 53,239 shares during the quarter. Nisa Investment Advisors LLC's holdings in Charles Schwab were worth $40,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Atwood & Palmer Inc. purchased a new position in shares of Charles Schwab during the first quarter worth about $25,000. Westside Investment Management Inc. lifted its stake in Charles Schwab by 75.0% during the first 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 during the last quarter. WFA Asset Management Corp bought a new stake in Charles Schwab during the first quarter worth about $33,000. Cornerstone Planning Group LLC lifted its stake in Charles Schwab by 90.5% during the first quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider's stock worth $36,000 after purchasing an additional 220 shares during the last quarter. Finally, Beacon Capital Management LLC lifted its stake in Charles Schwab by 53.1% during the first quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock worth $38,000 after purchasing an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Up 0.4%

Charles Schwab stock traded up $0.36 during trading hours on Wednesday, hitting $92.31. 6,139,737 shares of the stock traded hands, compared to its average volume of 9,556,329. The firm's 50-day moving average price is $87.91 and its two-hundred day moving average price is $81.08. 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 company has a market cap of $167.72 billion, a PE ratio of 27.97, a PEG ratio of 0.99 and a beta of 0.93. The Charles Schwab Corporation has a one year low of $61.01 and a one year high of $92.80.

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

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.17%. Charles Schwab's dividend payout ratio is currently 32.73%.

Insider Transactions at Charles Schwab

In other news, insider Nigel J. Murtagh sold 20,872 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total value of $1,878,688.72. Following the sale, the insider directly owned 58,999 shares of the company's stock, valued at $5,310,499.99. The trade was a 26.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,850 shares of the business'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 value of $249,574.50. Following the completion of the sale, the insider directly owned 15,219 shares in the company, valued at approximately $1,332,727.83. This represents a 15.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,905 shares of company stock worth $10,530,833. Company insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Truist Financial lifted their price target on Charles Schwab from $97.00 to $100.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Raymond James Financial lifted their price target on Charles Schwab from $91.00 to $99.00 and gave the stock an "outperform" rating in a research note on Wednesday. Keefe, Bruyette & Woods lifted their price objective on Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a report on Tuesday, April 22nd. Barclays decreased their price objective on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Two equities 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $90.85.

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.