Stephens Inc. AR Lowers Stock Holdings in The Charles Schwab Corporation (NYSE:SCHW)

Stephens Inc. AR decreased its position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 13.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,494 shares of the financial services provider's stock after selling 4,578 shares during the period. Stephens Inc. AR's holdings in Charles Schwab were worth $2,387,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Charles Schwab by 380.5% during the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock valued at $1,794,000 after buying an additional 19,195 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Charles Schwab during the fourth quarter valued at about $441,000. Harbour Investments Inc. grew its stake in shares of Charles Schwab by 2.7% during the fourth quarter. Harbour Investments Inc. now owns 7,818 shares of the financial services provider's stock valued at $579,000 after buying an additional 206 shares during the last quarter. Signaturefd LLC grew its stake in shares of Charles Schwab by 6.2% during the fourth quarter. Signaturefd LLC now owns 25,410 shares of the financial services provider's stock valued at $1,881,000 after buying an additional 1,474 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its stake in shares of Charles Schwab by 71.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 13,205 shares of the financial services provider's stock valued at $977,000 after buying an additional 5,483 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Insider Activity

In other news, Director Paula A. Sneed sold 8,647 shares of Charles Schwab stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $88.06, for a total transaction of $761,454.82. Following the completion of the transaction, the director directly owned 105,654 shares in the company, valued at approximately $9,303,891.24. This trade represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Peter J. Morgan III sold 10,176 shares of Charles Schwab stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total transaction of $889,280.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,905 shares of company stock valued at $10,530,833. 6.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SCHW. Redburn Atlantic raised Charles Schwab from a "sell" rating to a "neutral" rating and raised their price objective for the company from $65.00 to $82.00 in a research note on Monday, June 9th. UBS Group raised their price objective on Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. 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, July 10th. Wells Fargo & Company raised their target price on Charles Schwab from $87.00 to $102.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Finally, Citigroup reissued an "outperform" rating on shares of Charles Schwab in a research note on Monday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Charles Schwab currently has an average rating of "Moderate Buy" and a consensus target price of $95.60.

Charles Schwab Stock Performance

Shares of SCHW opened at $91.63 on Wednesday. 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 Charles Schwab Corporation has a one year low of $61.01 and a one year high of $93.35. The company has a 50-day simple moving average of $88.89 and a two-hundred day simple moving average of $81.69. The firm has a market capitalization of $166.49 billion, a PE ratio of 27.77, 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 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the business posted $0.74 earnings per share. On average, analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm 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. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.18%. Charles Schwab's payout ratio is 32.73%.

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.

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