Svenska Handelsbanken AB publ Makes New $961,000 Investment in The Charles Schwab Corporation (NYSE:SCHW)

Svenska Handelsbanken AB publ acquired a new stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 12,275 shares of the financial services provider's stock, valued at approximately $961,000. Charles Schwab comprises approximately 1.0% of Svenska Handelsbanken AB publ's investment portfolio, making the stock its 5th biggest position.

A number of other institutional investors have also recently made changes to their positions in SCHW. Atwood & Palmer Inc. bought a new position in Charles Schwab in the first quarter worth $25,000. Westside Investment Management Inc. boosted its holdings in shares of Charles Schwab by 75.0% during the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after buying an additional 150 shares in the last quarter. WFA Asset Management Corp purchased a new stake in shares of Charles Schwab in the 1st quarter worth about $33,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Charles Schwab in the 4th quarter worth about $38,000. Finally, Beacon Capital Management LLC boosted its stake in Charles Schwab by 53.1% during the first quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock worth $38,000 after acquiring an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Insider Buying and Selling

In other Charles Schwab news, insider Paul V. Woolway sold 10,129 shares of Charles Schwab stock in a transaction on 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 transaction, the insider directly owned 39,154 shares of the company's stock, valued at $3,524,251.54. The trade was 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 Jonathan M. Craig sold 47,500 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The disclosure for this sale can be found here. Insiders have sold a total of 116,615 shares of company stock valued at $10,231,607 in the last quarter. 6.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of recent analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $94.00 price target on shares of Charles Schwab in a research note on Monday, April 21st. The Goldman Sachs Group upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research note on Friday, April 25th. Barclays cut their price objective on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. increased 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, UBS Group upped 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. Two 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.40.

Charles Schwab Price Performance

Shares of Charles Schwab stock opened at $91.26 on Tuesday. The firm has a market cap of $165.82 billion, a PE ratio of 27.65, a PEG ratio of 0.96 and a beta of 0.94. The stock has a 50 day moving average of $86.42 and a 200 day moving average of $80.44. 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 Charles Schwab Corporation has a 12 month low of $61.01 and a 12 month high of $91.46.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share 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 company had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter in the previous year, the business posted $0.74 earnings per share. On average, research analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Friday, May 9th. Charles Schwab's payout ratio is 32.73%.

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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