CORDA Investment Management LLC. Sells 7,998 Shares of The Charles Schwab Corporation (NYSE:SCHW)

CORDA Investment Management LLC. lowered its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 608,606 shares of the financial services provider's stock after selling 7,998 shares during the quarter. Charles Schwab comprises about 3.8% of CORDA Investment Management LLC.'s investment portfolio, making the stock its 4th biggest position. CORDA Investment Management LLC.'s holdings in Charles Schwab were worth $47,642,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. HM Payson & Co. lifted its position in Charles Schwab by 0.7% during the 1st quarter. HM Payson & Co. now owns 19,271 shares of the financial services provider's stock worth $1,509,000 after acquiring an additional 130 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in Charles Schwab by 2.1% during the 1st quarter. Cornerstone Wealth Management LLC now owns 6,551 shares of the financial services provider's stock worth $513,000 after acquiring an additional 132 shares during the last quarter. Premier Path Wealth Partners LLC lifted its position in Charles Schwab by 1.8% during the 1st quarter. Premier Path Wealth Partners LLC now owns 7,817 shares of the financial services provider's stock worth $612,000 after acquiring an additional 140 shares during the last quarter. Sutton Place Investors LLC lifted its position in Charles Schwab by 1.6% during the 1st quarter. Sutton Place Investors LLC now owns 8,677 shares of the financial services provider's stock worth $679,000 after acquiring an additional 140 shares during the last quarter. Finally, O ROURKE & COMPANY Inc lifted its position in Charles Schwab by 1.1% during the 4th quarter. O ROURKE & COMPANY Inc now owns 12,958 shares of the financial services provider's stock worth $959,000 after acquiring an additional 142 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Jonathan M. Craig sold 47,500 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total value of $4,201,850.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 10,129 shares of the business's stock in a transaction dated 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 owned 39,154 shares in the company, valued at approximately $3,524,251.54. This trade represents a 20.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,905 shares of company stock valued at $10,530,833. 6.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SCHW shares. Wells Fargo & Company boosted their target price on shares of Charles Schwab from $87.00 to $102.00 and gave the stock an "overweight" rating in a research report on Friday. Barclays boosted their target price on shares of Charles Schwab from $89.00 to $106.00 and gave the stock an "overweight" rating in a research report on Thursday. William Blair downgraded shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a report on Tuesday, April 22nd. Finally, Morgan Stanley boosted their price objective on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Charles Schwab currently has an average rating of "Moderate Buy" and an average target price of $92.70.

Charles Schwab Price Performance

SCHW traded down $1.08 during midday trading on Friday, reaching $91.96. 6,814,781 shares of the company's stock were exchanged, compared to its average volume of 9,587,589. The firm has a market capitalization of $167.09 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53. The Charles Schwab Corporation has a one year low of $61.01 and a one year high of $93.35. The business has a 50-day simple moving average of $88.53 and a two-hundred day simple moving average of $81.40.

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

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.17%. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

About Charles Schwab

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.