Robeco Institutional Asset Management B.V. Has $15.62 Million Position in The Charles Schwab Corporation (NYSE:SCHW)

Robeco Institutional Asset Management B.V. boosted its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 85.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,585 shares of the financial services provider's stock after purchasing an additional 91,892 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Charles Schwab were worth $15,624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Atwood & Palmer Inc. acquired a new position in shares of Charles Schwab during the first quarter valued at $25,000. WFA Asset Management Corp bought a new stake in Charles Schwab in the 1st quarter valued at about $33,000. Murphy & Mullick Capital Management Corp acquired a new position in Charles Schwab during the 4th quarter valued at about $38,000. Beacon Capital Management LLC grew its position in Charles Schwab by 53.1% in the 1st 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. Finally, Atala Financial Inc acquired a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Wall Street Analyst Weigh In

SCHW has been the subject of several analyst reports. Piper Sandler boosted their price objective on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price target on Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 22nd. Barclays cut their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Finally, Redburn Atlantic upgraded shares of Charles Schwab from a "sell" rating to a "neutral" rating and increased their target price for the company from $65.00 to $82.00 in a research report on Monday, June 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.40.

Charles Schwab Price Performance

Shares of NYSE SCHW traded up $0.58 during midday trading on Friday, reaching $90.02. The company's stock had a trading volume of 9,335,355 shares, compared to its average volume of 9,511,640. The Charles Schwab Corporation has a one year low of $61.01 and a one year high of $90.86. The company has a market cap of $163.56 billion, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 0.96 and a beta of 0.94. The company has a 50 day moving average price of $86.10 and a 200 day moving average price of $80.38. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter in the prior year, the company earned $0.74 earnings per share. On average, equities research analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio is 32.73%.

Insider Activity

In other news, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the sale, the director now owns 172,162 shares in the company, valued at $12,784,750.12. This represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value of $261,713.40. Following the completion of the sale, the insider now directly owns 45,824 shares of the company's stock, valued at approximately $3,548,152.32. This trade represents a 6.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 119,995 shares of company stock valued at $10,493,320 over the last three months. Insiders own 6.30% of the company's stock.

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.