Sumitomo Mitsui DS Asset Management Company Ltd Has $16.70 Million Holdings in The Charles Schwab Corporation (NYSE:SCHW)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 9.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 213,323 shares of the financial services provider's stock after purchasing an additional 18,999 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Charles Schwab were worth $16,699,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SCHW. Norges Bank bought a new position in shares of Charles Schwab in the 4th quarter worth about $1,289,544,000. Kovitz Investment Group Partners LLC raised its position 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 worth $814,545,000 after purchasing an additional 8,584,173 shares during the period. FMR LLC lifted its holdings in shares of Charles Schwab by 69.4% in the 4th quarter. FMR LLC now owns 9,700,013 shares of the financial services provider's stock worth $717,898,000 after purchasing an additional 3,974,940 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Charles Schwab by 742.0% in the 4th quarter. Marshall Wace LLP now owns 4,181,202 shares of the financial services provider's stock worth $309,451,000 after purchasing an additional 3,684,640 shares during the last quarter. Finally, Primecap Management Co. CA boosted its position in 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 purchasing an additional 3,216,000 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Price Performance

Shares of NYSE SCHW traded down $0.06 during midday trading on Tuesday, reaching $91.18. The company's stock had a trading volume of 8,199,574 shares, compared to its average volume of 9,506,465. The company has a market cap of $165.67 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 0.96 and a beta of 0.94. The Charles Schwab Corporation has a one year low of $61.01 and a one year high of $91.67. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average price of $86.42 and a 200 day moving average price of $80.44.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 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 the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. During the same quarter in the prior year, the firm earned $0.74 EPS. 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 1.18%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio is 32.73%.

Insiders Place Their Bets

In other Charles Schwab news, insider Paul V. Woolway sold 10,129 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total transaction of $911,711.29. Following the completion of the sale, the insider directly owned 39,154 shares of the company's stock, valued at approximately $3,524,251.54. This represents a 20.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nigel J. Murtagh sold 20,872 shares of Charles Schwab stock in a transaction that occurred 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 transaction, the insider directly owned 58,999 shares in the company, valued at approximately $5,310,499.99. This trade represents a 26.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 116,615 shares of company stock worth $10,231,607 over the last three months. Company insiders own 6.30% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on SCHW. The Goldman Sachs Group raised Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research report on Friday, April 25th. TD Securities lifted their price objective on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Cowen reissued a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. UBS Group raised their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Finally, Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and lifted their price target for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $89.40.

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.