Teachers Retirement System of The State of Kentucky Grows Position in The Charles Schwab Corporation (NYSE:SCHW)

Teachers Retirement System of The State of Kentucky grew its position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 18.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,476 shares of the financial services provider's stock after acquiring an additional 20,909 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Charles Schwab were worth $10,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Twin Capital Management Inc. grew its stake in Charles Schwab by 852.7% in the 1st quarter. Twin Capital Management Inc. now owns 48,027 shares of the financial services provider's stock valued at $3,760,000 after purchasing an additional 42,986 shares during the period. Montag A & Associates Inc. increased its holdings in Charles Schwab by 5.2% during the first quarter. Montag A & Associates Inc. now owns 55,899 shares of the financial services provider's stock worth $4,376,000 after buying an additional 2,743 shares during the last quarter. IFP Advisors Inc raised its position in Charles Schwab by 2.2% in the first quarter. IFP Advisors Inc now owns 22,441 shares of the financial services provider's stock worth $1,757,000 after acquiring an additional 478 shares during the period. Mowery & Schoenfeld Wealth Management LLC boosted its stake in Charles Schwab by 342.8% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 2,254 shares of the financial services provider's stock valued at $176,000 after acquiring an additional 1,745 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC grew its position in shares of Charles Schwab by 40.0% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 6,300 shares of the financial services provider's stock valued at $493,000 after acquiring an additional 1,800 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on SCHW. Raymond James Financial reiterated an "outperform" rating and issued a $99.00 price objective on shares of Charles Schwab in a research note on Friday. TD Securities lifted their target price on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. JMP Securities raised their price objective on shares of Charles Schwab from $94.00 to $106.00 and gave the stock a "market outperform" rating in a report on Monday, July 14th. Citigroup reiterated an "outperform" rating on shares of Charles Schwab in a research note on Monday, July 14th. Finally, Barclays restated an "overweight" rating on shares of Charles Schwab in a research report on Friday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $95.60.

Charles Schwab Stock Up 3.0%

Shares of SCHW opened at $95.87 on Monday. The Charles Schwab Corporation has a 1 year low of $61.15 and a 1 year high of $97.50. 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 stock has a 50 day simple moving average of $89.44 and a two-hundred day simple moving average of $82.15. The firm has a market cap of $174.19 billion, a P/E ratio of 25.77, a P/E/G ratio of 1.00 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.04. Charles Schwab had a net margin of 33.68% and a return on equity of 19.73%. The company had revenue of $5.85 billion for the quarter, compared to analysts' expectations of $5.64 billion. During the same quarter last year, the company earned $0.73 EPS. The firm's revenue was up 24.8% compared to the same quarter last year. On average, analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors 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 annualized dividend and a yield of 1.13%. Charles Schwab's payout ratio is 32.73%.

Insiders Place Their Bets

In other Charles Schwab news, 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 completion of the sale, the director owned 105,654 shares in the company, valued at approximately $9,303,891.24. This trade represents a 7.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nigel J. Murtagh sold 20,872 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total value of $1,878,688.72. Following the transaction, the insider owned 58,999 shares of the company's stock, valued at approximately $5,310,499.99. This represents a 26.13% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,313 shares of company stock worth $10,264,091. 6.30% of the stock is currently owned by corporate insiders.

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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