The Charles Schwab Corporation (NYSE:SCHW) Shares Sold by CORDA Investment Management LLC.

CORDA Investment Management LLC. reduced its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 608,606 shares of the financial services provider's stock after selling 7,998 shares during the period. Charles Schwab accounts for about 3.8% of CORDA Investment Management LLC.'s investment portfolio, making the stock its 4th largest holding. CORDA Investment Management LLC.'s holdings in Charles Schwab were worth $47,642,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Atwood & Palmer Inc. purchased a new position in Charles Schwab in the first quarter worth about $25,000. Westside Investment Management Inc. raised its holdings in Charles Schwab by 75.0% in the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock worth $27,000 after buying an additional 150 shares during the last quarter. WFA Asset Management Corp purchased a new position in Charles Schwab in the first quarter worth about $33,000. Murphy & Mullick Capital Management Corp purchased a new position in Charles Schwab in the fourth quarter worth about $38,000. Finally, Beacon Capital Management LLC raised its holdings in Charles Schwab by 53.1% in the first quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock worth $38,000 after buying an additional 169 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Charles Schwab

In related news, insider Paul V. Woolway sold 3,290 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $90.95, for a total value of $299,225.50. Following the sale, the insider directly owned 35,864 shares in the company, valued at approximately $3,261,830.80. The trade was a 8.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,850 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $87.57, for a total transaction of $249,574.50. Following the sale, the insider owned 15,219 shares in the company, valued at $1,332,727.83. This trade represents a 15.77% 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 in the last 90 days. Insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SCHW. JMP Securities reissued a "market outperform" rating and set a $94.00 price objective on shares of Charles Schwab in a report on Monday, April 21st. Redburn Atlantic raised shares of 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. Citigroup boosted their price objective on shares of Charles Schwab from $102.00 to $105.00 and gave the company a "buy" rating in a report on Monday. 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 report on Tuesday, April 8th. Finally, William Blair cut shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $91.95.

Charles Schwab Price Performance

SCHW traded up $0.70 on Thursday, hitting $93.02. 6,740,737 shares of the company's stock were exchanged, compared to its average volume of 9,583,592. The Charles Schwab Corporation has a fifty-two week low of $61.01 and a fifty-two week high of $93.38. 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 firm has a 50-day moving average price of $88.35 and a 200-day moving average price of $81.29. The stock has a market cap of $169.01 billion, a price-to-earnings ratio of 28.19, a P/E/G ratio of 0.97 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the previous year, the firm earned $0.74 EPS. As a group, equities analysts anticipate 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. Investors of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.16%. Charles Schwab's dividend payout ratio (DPR) is currently 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.