Securian Asset Management Inc. Raises Stock Holdings in The Charles Schwab Corporation (NYSE:SCHW)

Securian Asset Management Inc. boosted its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 12.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,259 shares of the financial services provider's stock after purchasing an additional 9,915 shares during the period. Securian Asset Management Inc.'s holdings in Charles Schwab were worth $7,065,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cary Street Partners Financial LLC purchased a new position in Charles Schwab in the 4th quarter valued at approximately $1,455,000. Graham Capital Management L.P. boosted its holdings in shares of Charles Schwab by 248.3% in the fourth quarter. Graham Capital Management L.P. now owns 112,376 shares of the financial services provider's stock worth $8,317,000 after acquiring an additional 80,112 shares during the period. World Investment Advisors grew its position in shares of Charles Schwab by 7.6% in the first quarter. World Investment Advisors now owns 163,007 shares of the financial services provider's stock valued at $12,760,000 after purchasing an additional 11,505 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Charles Schwab by 14.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 146,392 shares of the financial services provider's stock valued at $11,460,000 after purchasing an additional 18,280 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Charles Schwab by 17.2% during the 1st quarter. State of Alaska Department of Revenue now owns 199,687 shares of the financial services provider's stock valued at $15,631,000 after purchasing an additional 29,255 shares during the period. 84.38% of the stock is owned by institutional investors.

Charles Schwab Price Performance

SCHW stock traded up $0.78 during mid-day trading on Monday, hitting $92.75. 6,115,488 shares of the stock were exchanged, compared to its average volume of 10,204,926. The business has a fifty day moving average price of $88.53 and a 200 day moving average price of $81.49. The Charles Schwab Corporation has a 12 month low of $61.01 and a 12 month high of $93.35. 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 stock has a market capitalization of $168.52 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 0.97 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced 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. The company 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 last year, the firm posted $0.74 EPS. On average, sell-side analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.16%. Charles Schwab's payout ratio is 32.73%.

Analyst Ratings Changes

SCHW has been the subject of several analyst reports. Barclays raised their target price on Charles Schwab from $89.00 to $106.00 and gave the stock an "overweight" rating in a research note on Thursday. JMP Securities raised their price objective on shares of Charles Schwab from $94.00 to $106.00 and gave the company a "market outperform" rating in a research report on Monday. 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. Keefe, Bruyette & Woods increased their target price on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 22nd. Finally, Truist Financial raised their price target on shares of Charles Schwab from $97.00 to $100.00 and gave the company a "buy" rating in a report on Monday, June 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, Charles Schwab currently has an average rating of "Moderate Buy" and a consensus target price of $93.30.

Insider Buying and Selling

In related news, insider Paul V. Woolway sold 3,290 shares of Charles Schwab stock in a transaction 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 owned 35,864 shares in the company, valued at $3,261,830.80. This trade represents a 8.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $249,574.50. Following the sale, the insider owned 15,219 shares of the company's stock, valued at approximately $1,332,727.83. The trade was a 15.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,905 shares of company stock worth $10,530,833 in the last ninety days. 6.30% of the stock is currently owned by 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.