JTC Employer Solutions Trustee Ltd Raises Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

JTC Employer Solutions Trustee Ltd boosted its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 141.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,670 shares of the financial services provider's stock after buying an additional 3,320 shares during the quarter. JTC Employer Solutions Trustee Ltd's holdings in Charles Schwab were worth $444,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SCHW. Czech National Bank boosted its position in shares of Charles Schwab by 20.8% during the 1st quarter. Czech National Bank now owns 391,408 shares of the financial services provider's stock valued at $30,639,000 after purchasing an additional 67,280 shares in the last quarter. Bond & Devick Financial Network Inc. purchased a new position in Charles Schwab during the 1st quarter worth $243,000. 180 Wealth Advisors LLC grew its position in Charles Schwab by 1.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 42,870 shares of the financial services provider's stock worth $3,356,000 after purchasing an additional 780 shares in the last quarter. Rhumbline Advisers increased its position in shares of Charles Schwab by 11.2% during the first quarter. Rhumbline Advisers now owns 3,083,586 shares of the financial services provider's stock valued at $241,383,000 after acquiring an additional 310,008 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of Charles Schwab by 40.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 25,892 shares of the financial services provider's stock worth $2,027,000 after purchasing an additional 7,475 shares during the period. Institutional investors own 84.38% of the company's stock.

Insider Buying and Selling

In other Charles Schwab news, insider Paul V. Woolway sold 8,614 shares of Charles Schwab stock in a transaction on Monday, March 24th. The shares were sold at an average price of $80.00, for a total value of $689,120.00. Following the sale, the insider now directly owns 49,204 shares in the company, valued at approximately $3,936,320. The trade was a 14.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,850 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $87.57, for a total value of $249,574.50. Following the transaction, the insider now directly owns 15,219 shares of the company's stock, valued at approximately $1,332,727.83. The trade was a 15.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,608 shares of company stock valued at $8,392,040 over the last 90 days. Company insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SCHW shares. The Goldman Sachs Group raised Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a report on Friday, April 25th. Morgan Stanley boosted their price objective on Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $85.00 to $102.00 in a research note on Wednesday, April 2nd. UBS Group increased their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Finally, Barclays decreased their price target on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $89.63.

Charles Schwab Stock Up 0.2%

NYSE SCHW traded up $0.15 during trading hours on Thursday, reaching $87.63. 2,483,599 shares of the company's stock traded hands, compared to its average volume of 10,798,243. The firm has a 50-day simple moving average of $81.35 and a 200 day simple moving average of $79.54. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $89.85. The firm has a market cap of $159.22 billion, a PE ratio of 29.31, a PEG ratio of 0.99 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The company had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same quarter in the previous year, the business posted $0.74 EPS. Sell-side analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.23%. 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.