The Charles Schwab Corporation (NYSE:SCHW) is Yacktman Asset Management LP's 4th Largest Position

Yacktman Asset Management LP lowered its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 3.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,709,043 shares of the financial services provider's stock after selling 165,027 shares during the period. Charles Schwab comprises 4.8% of Yacktman Asset Management LP's holdings, making the stock its 4th largest holding. Yacktman Asset Management LP owned about 0.26% of Charles Schwab worth $368,624,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Brighton Jones LLC lifted its holdings in Charles Schwab by 380.5% in the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock valued at $1,794,000 after buying an additional 19,195 shares during the period. Proficio Capital Partners LLC acquired a new position in Charles Schwab in the fourth quarter valued at $441,000. AlphaQuest LLC lifted its holdings in Charles Schwab by 81.0% in the fourth quarter. AlphaQuest LLC now owns 7,531 shares of the financial services provider's stock valued at $557,000 after buying an additional 3,370 shares during the period. Simplicity Wealth LLC lifted its holdings in Charles Schwab by 40.6% in the fourth quarter. Simplicity Wealth LLC now owns 5,072 shares of the financial services provider's stock valued at $375,000 after buying an additional 1,465 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Charles Schwab by 14.2% in the fourth 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 in the last quarter. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Performance

SCHW stock traded up $0.36 during mid-day trading on Wednesday, hitting $92.31. The company had a trading volume of 6,139,737 shares, compared to its average volume of 9,556,327. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market cap of $167.72 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 0.99 and a beta of 0.93. The Charles Schwab Corporation has a 12 month low of $61.01 and a 12 month high of $92.80. The stock's fifty day moving average price is $87.91 and its two-hundred day moving average price is $81.08.

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 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 company had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. On average, analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

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

Insiders Place Their Bets

In other Charles Schwab news, insider Nigel J. Murtagh sold 20,872 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total value of $1,878,688.72. Following the completion of the sale, the insider directly owned 58,999 shares of the company's stock, valued at $5,310,499.99. This trade represents a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jonathan S. Beatty sold 2,850 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $87.57, for a total value of $249,574.50. Following the completion of the sale, the insider directly owned 15,219 shares of the company's stock, valued at $1,332,727.83. This represents a 15.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,905 shares of company stock valued at $10,530,833. Company insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SCHW shares. JMP Securities reissued a "market outperform" rating and set a $94.00 price objective on shares of Charles Schwab in a research report on Monday, April 21st. JPMorgan Chase & Co. increased their price target on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Raymond James Financial boosted their price objective on Charles Schwab from $91.00 to $99.00 and gave the company an "outperform" rating in a report on Wednesday. UBS Group increased their target price on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company reduced their price target on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Two equities research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $90.85.

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.