Silver Oak Securities Incorporated Acquires New Shares in The Charles Schwab Corporation (NYSE:SCHW)

Silver Oak Securities Incorporated purchased a new position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 3,817 shares of the financial services provider's stock, valued at approximately $297,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHW. Norges Bank purchased a new stake in shares of Charles Schwab during the 4th quarter worth about $1,289,544,000. Kovitz Investment Group Partners LLC increased its holdings in shares of Charles Schwab by 354.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 11,005,881 shares of the financial services provider's stock valued at $814,545,000 after acquiring an additional 8,584,173 shares during the last quarter. FMR LLC increased its holdings in shares of Charles Schwab by 69.4% during the 4th quarter. FMR LLC now owns 9,700,013 shares of the financial services provider's stock valued at $717,898,000 after acquiring an additional 3,974,940 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Charles Schwab by 742.0% during the 4th quarter. Marshall Wace LLP now owns 4,181,202 shares of the financial services provider's stock valued at $309,451,000 after acquiring an additional 3,684,640 shares during the last quarter. Finally, Primecap Management Co. CA increased its holdings in shares of Charles Schwab by 310.3% during the 4th quarter. Primecap Management Co. CA now owns 4,252,350 shares of the financial services provider's stock valued at $314,716,000 after acquiring an additional 3,216,000 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. The Goldman Sachs Group raised Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a report on Friday, April 25th. Wells Fargo & Company lowered their target price on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley raised their target price on Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. raised their target price on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Finally, Barclays lowered their target price on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Two 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $89.55.

Charles Schwab Price Performance

SCHW traded up $1.14 during trading on Monday, hitting $92.62. The company's stock had a trading volume of 7,299,828 shares, compared to its average volume of 9,563,141. The firm's 50 day moving average price is $87.44 and its two-hundred day moving average price is $80.88. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53. The Charles Schwab Corporation has a 12 month low of $61.01 and a 12 month high of $92.63. The stock has a market capitalization of $168.29 billion, a price-to-earnings ratio of 28.07, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the company posted $0.74 EPS. Sell-side analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.27 per share. 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 1.17%. Charles Schwab's payout ratio is currently 32.73%.

Insider Activity at Charles Schwab

In other news, insider Nigel J. Murtagh sold 20,872 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total transaction of $1,878,688.72. Following the completion of the sale, the insider owned 58,999 shares in the company, valued at $5,310,499.99. The trade was a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul V. Woolway sold 3,290 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $90.95, for a total value of $299,225.50. Following the sale, the insider owned 35,864 shares of the company's stock, valued at approximately $3,261,830.80. The trade was a 8.40% decrease in their position. 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 quarter. 6.30% of the stock is currently owned by corporate 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.