Robertson Stephens Wealth Management LLC Boosts Holdings in The Charles Schwab Corporation (NYSE:SCHW)

Robertson Stephens Wealth Management LLC raised its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 36.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,007 shares of the financial services provider's stock after purchasing an additional 2,919 shares during the period. Robertson Stephens Wealth Management LLC's holdings in Charles Schwab were worth $862,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Charles Schwab by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock valued at $9,516,075,000 after purchasing an additional 1,187,384 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Charles Schwab by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider's stock valued at $2,279,742,000 after buying an additional 760,043 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Charles Schwab by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider's stock worth $1,513,894,000 after acquiring an additional 265,708 shares during the last quarter. Norges Bank bought a new stake in shares of Charles Schwab during the 4th quarter worth $1,289,544,000. Finally, Northern Trust Corp grew its position in Charles Schwab by 13.4% in the fourth quarter. Northern Trust Corp now owns 15,739,917 shares of the financial services provider's stock worth $1,164,911,000 after acquiring an additional 1,864,286 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Jonathan M. Craig sold 9,559 shares of Charles Schwab stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $82.00, for a total value of $783,838.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total value of $261,713.40. Following the transaction, the insider now directly owns 45,824 shares in the company, valued at approximately $3,548,152.32. The trade was a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,608 shares of company stock valued at $8,392,040 in the last 90 days. Corporate insiders own 6.30% of the company's stock.

Charles Schwab Price Performance

SCHW stock opened at $89.90 on Thursday. The company has a market cap of $163.35 billion, a P/E ratio of 27.24, a PEG ratio of 0.95 and a beta of 0.94. 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 firm has a 50-day moving average of $84.24 and a 200 day moving average of $80.01. The Charles Schwab Corporation has a 1 year low of $61.01 and a 1 year high of $90.19.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The company had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. During the same period last year, the company posted $0.74 EPS. On average, sell-side 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. Investors of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.20%. Charles Schwab's payout ratio is currently 32.73%.

Analysts Set New Price Targets

SCHW has been the subject of several research analyst reports. Cowen reaffirmed a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. UBS Group increased their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, The Goldman Sachs Group raised shares of 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $89.40.

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.

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