The Charles Schwab Corporation (NYSE:SCHW) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 14.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 729,109 shares of the financial services provider's stock after acquiring an additional 91,152 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Charles Schwab were worth $57,075,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cary Street Partners Financial LLC purchased a new position in Charles Schwab in the 4th quarter worth approximately $1,455,000. Banco Santander S.A. boosted its stake in shares of Charles Schwab by 49.6% during the 4th quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider's stock valued at $1,208,000 after buying an additional 5,413 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Charles Schwab by 0.6% during the 4th quarter. Bank of New York Mellon Corp now owns 10,438,852 shares of the financial services provider's stock valued at $772,579,000 after buying an additional 60,683 shares during the last quarter. Graham Capital Management L.P. boosted its stake in shares of Charles Schwab by 248.3% during the 4th quarter. Graham Capital Management L.P. now owns 112,376 shares of the financial services provider's stock valued at $8,317,000 after buying an additional 80,112 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Charles Schwab by 17.2% during 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 buying an additional 29,255 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Piper Sandler increased their target price on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Wells Fargo & Company reduced their target price on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. TD Securities increased their target price on Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Morgan Stanley increased their target price on Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Finally, Redburn Atlantic upgraded Charles Schwab from a "sell" rating to a "neutral" rating and increased their target price for the company from $65.00 to $82.00 in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $89.40.

Charles Schwab Stock Performance

NYSE SCHW traded up $0.93 during trading hours on Tuesday, hitting $89.31. The company had a trading volume of 9,756,252 shares, compared to its average volume of 9,463,683. The Charles Schwab Corporation has a fifty-two week low of $61.01 and a fifty-two week high of $90.60. 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 business has a fifty day simple moving average of $85.28 and a 200-day simple moving average of $80.21. The firm has a market cap of $162.27 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 0.95 and a beta of 0.94.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share 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 firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the company earned $0.74 earnings per share. Equities analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The business 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 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio is presently 32.73%.

Insiders Place Their Bets

In other news, Director Frank C. Herringer sold 3,592 shares of the firm's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the transaction, the director now directly owns 172,162 shares of the company's stock, valued at approximately $12,784,750.12. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total value of $261,713.40. Following the transaction, the insider now directly owns 45,824 shares in the company, valued at $3,548,152.32. This trade represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,995 shares of company stock valued at $10,493,320 over the last three months. 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.