The Charles Schwab Corporation (NYSE:SCHW) Holdings Lowered by CMG Global Holdings LLC

CMG Global Holdings LLC decreased its position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 47.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,595 shares of the financial services provider's stock after selling 6,024 shares during the period. CMG Global Holdings LLC's holdings in Charles Schwab were worth $523,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SCHW. Cary Street Partners Financial LLC acquired a new stake in shares of Charles Schwab during the 4th quarter valued at $1,455,000. Banco Santander S.A. raised its position in shares of Charles Schwab by 49.6% during the fourth quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider's stock worth $1,208,000 after purchasing an additional 5,413 shares during the period. Graham Capital Management L.P. lifted its holdings in shares of Charles Schwab by 248.3% during the fourth quarter. Graham Capital Management L.P. now owns 112,376 shares of the financial services provider's stock valued at $8,317,000 after purchasing an additional 80,112 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Charles Schwab by 17.2% in the 1st quarter. State of Alaska Department of Revenue now owns 199,687 shares of the financial services provider's stock valued at $15,631,000 after purchasing an additional 29,255 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Charles Schwab by 14.2% in the 4th 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 currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on SCHW shares. Citigroup raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and upped their price objective for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. JMP Securities restated a "market outperform" rating and issued a $94.00 price target on shares of Charles Schwab in a research report on Monday, April 21st. Wells Fargo & Company decreased their price objective on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley boosted their target price on shares of Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Finally, 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Charles Schwab currently has a consensus rating of "Moderate Buy" and an average price target of $89.40.

Charles Schwab Price Performance

Shares of SCHW opened at $90.02 on Monday. 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 stock has a market cap of $163.56 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 0.96 and a beta of 0.94. The stock's 50-day moving average price is $86.10 and its two-hundred day moving average price is $80.36. The Charles Schwab Corporation has a 1 year low of $61.01 and a 1 year high of $90.86.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The firm had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter in the previous year, the company earned $0.74 earnings per share. On average, equities analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued 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 1.20%. Charles Schwab's dividend payout ratio is presently 32.73%.

Insider Buying and Selling at Charles Schwab

In related news, insider Nigel J. Murtagh sold 20,872 shares of the business's stock in a transaction 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 sale, the insider now directly owns 58,999 shares of the company's stock, valued at approximately $5,310,499.99. The trade was a 26.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 10,129 shares of the stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total value of $911,711.29. Following the transaction, the insider now owns 39,154 shares of the company's stock, valued at approximately $3,524,251.54. This trade represents a 20.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,995 shares of company stock valued at $10,493,320. Company insiders own 6.30% of the company's stock.

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.

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Corporation (NYSE:SCHW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.