TD Private Client Wealth LLC Raises Holdings in The Charles Schwab Corporation (NYSE:SCHW)

TD Private Client Wealth LLC lifted its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 307.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,808 shares of the financial services provider's stock after acquiring an additional 14,943 shares during the period. TD Private Client Wealth LLC's holdings in Charles Schwab were worth $1,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in SCHW. Brighton Jones LLC raised its position in Charles Schwab by 380.5% in the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock valued at $1,794,000 after purchasing an additional 19,195 shares during the period. Proficio Capital Partners LLC purchased a new stake in Charles Schwab in the fourth quarter valued at $441,000. AlphaQuest LLC raised its position in Charles Schwab by 81.0% in the fourth quarter. AlphaQuest LLC now owns 7,531 shares of the financial services provider's stock valued at $557,000 after purchasing an additional 3,370 shares during the period. Simplicity Wealth LLC raised its position in Charles Schwab by 40.6% in the fourth quarter. Simplicity Wealth LLC now owns 5,072 shares of the financial services provider's stock valued at $375,000 after purchasing an additional 1,465 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Charles Schwab by 14.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 618,033 shares of the financial services provider's stock valued at $45,741,000 after purchasing an additional 76,954 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a report on Tuesday, April 22nd. Raymond James Financial boosted their price objective on Charles Schwab from $91.00 to $99.00 and gave the company an "outperform" rating in a report on Wednesday. William Blair downgraded Charles Schwab from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. JMP Securities reiterated a "market outperform" rating and issued a $94.00 price objective on shares of Charles Schwab in a report on Monday, April 21st. Finally, Redburn Atlantic upgraded Charles Schwab from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $65.00 to $82.00 in a report on Monday, June 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $90.85.

Insider Activity

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,850 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $87.57, for a total transaction of $249,574.50. Following the completion of the sale, the insider directly owned 15,219 shares of the company's stock, valued at $1,332,727.83. This represents a 15.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paula A. Sneed sold 8,647 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total value of $761,454.82. Following the transaction, the director directly owned 105,654 shares of the company's stock, valued at approximately $9,303,891.24. This trade represents a 7.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,905 shares of company stock worth $10,530,833 over the last quarter. 6.30% of the stock is owned by insiders.

Charles Schwab Stock Performance

Shares of NYSE SCHW traded up $0.36 during trading hours on Wednesday, reaching $92.31. The stock had a trading volume of 6,139,737 shares, compared to its average volume of 9,556,327. The firm has a market cap of $167.72 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 0.99 and a beta of 0.93. 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 fifty-two week low of $61.01 and a fifty-two week high of $92.80. The firm has a 50-day moving average of $87.91 and a 200-day moving average of $81.08.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm 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 period in the prior year, the business earned $0.74 EPS. Equities research analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.17%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio is presently 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.