IFM Investors Pty Ltd Acquires 8,028 Shares of The Charles Schwab Corporation (NYSE:SCHW)

IFM Investors Pty Ltd increased its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 2.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 303,722 shares of the financial services provider's stock after acquiring an additional 8,028 shares during the quarter. IFM Investors Pty Ltd's holdings in Charles Schwab were worth $23,775,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SCHW. Vanguard Group Inc. lifted its stake in Charles Schwab by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock worth $9,516,075,000 after purchasing an additional 1,187,384 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Charles Schwab by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider's stock valued at $2,279,742,000 after purchasing an additional 760,043 shares in the last quarter. Norges Bank bought a new position in shares of Charles Schwab in the fourth quarter worth $1,289,544,000. Northern Trust Corp raised its position in shares of Charles Schwab by 13.4% in the fourth quarter. Northern Trust Corp now owns 15,739,917 shares of the financial services provider's stock worth $1,164,911,000 after buying an additional 1,864,286 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Charles Schwab by 3.0% in the fourth quarter. Invesco Ltd. now owns 14,842,544 shares of the financial services provider's stock worth $1,098,497,000 after buying an additional 430,250 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Trading Down 0.2%

NYSE SCHW traded down $0.14 during trading on Friday, hitting $91.20. 5,765,549 shares of the company's stock traded hands, compared to its average volume of 9,546,720. The stock has a fifty day moving average of $87.22 and a two-hundred day moving average of $80.68. The Charles Schwab Corporation has a 12-month low of $61.01 and a 12-month high of $92.15. The firm has a market cap of $165.71 billion, a P/E ratio of 27.64, a PEG ratio of 0.98 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53.

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

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Analyst Ratings Changes

Several research firms recently commented on SCHW. The Goldman Sachs Group upgraded Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research report on Friday, April 25th. Piper Sandler lifted their price target on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Citigroup upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Redburn Atlantic upgraded shares of Charles Schwab from a "sell" rating to a "neutral" rating and lifted their target price for the company from $65.00 to $82.00 in a research report on Monday, June 9th. Finally, UBS Group increased their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, Charles Schwab presently has an average rating of "Moderate Buy" and an average price target of $89.40.

Insider Transactions at Charles Schwab

In related news, insider Nigel J. Murtagh sold 20,872 shares of Charles Schwab 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 transaction, the insider directly owned 58,999 shares of the company's stock, valued at $5,310,499.99. The trade was a 26.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul V. Woolway sold 10,129 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total transaction of $911,711.29. Following the sale, the insider owned 39,154 shares of the company's stock, valued at $3,524,251.54. This represents a 20.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,905 shares of company stock valued at $10,530,833. 6.30% of the stock is currently owned by insiders.

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.