Cwm LLC Has $22.04 Million Holdings in The Charles Schwab Corporation (NYSE:SCHW)

CWM LLC lifted its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 9.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,545 shares of the financial services provider's stock after acquiring an additional 25,206 shares during the quarter. CWM LLC's holdings in Charles Schwab were worth $22,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Charles Schwab in the 4th quarter worth $1,289,544,000. Kovitz Investment Group Partners LLC lifted its holdings in Charles Schwab by 354.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 11,005,881 shares of the financial services provider's stock worth $814,545,000 after buying an additional 8,584,173 shares in the last quarter. FMR LLC lifted its holdings in Charles Schwab by 69.4% in the 4th quarter. FMR LLC now owns 9,700,013 shares of the financial services provider's stock worth $717,898,000 after buying an additional 3,974,940 shares in the last quarter. Marshall Wace LLP lifted its holdings in Charles Schwab by 742.0% in the 4th quarter. Marshall Wace LLP now owns 4,181,202 shares of the financial services provider's stock worth $309,451,000 after buying an additional 3,684,640 shares in the last quarter. Finally, Primecap Management Co. CA lifted its holdings in Charles Schwab by 310.3% in the 4th quarter. Primecap Management Co. CA now owns 4,252,350 shares of the financial services provider's stock worth $314,716,000 after buying an additional 3,216,000 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Activity

In other Charles Schwab news, insider Paul V. Woolway sold 3,290 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $90.95, for a total value of $299,225.50. Following the completion of the sale, the insider owned 35,864 shares in the company, valued at $3,261,830.80. This represents a 8.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total transaction of $889,280.64. The disclosure for this sale can be found here. Insiders sold a total of 119,905 shares of company stock valued at $10,530,833 in the last ninety days. 6.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on SCHW. UBS Group boosted their price objective 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. 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. TD Securities boosted their target price on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Morgan Stanley reissued an "overweight" rating and issued a $117.00 target price (up previously from $83.00) on shares of Charles Schwab in a research report on Tuesday. Finally, Raymond James Financial boosted their target price on shares of Charles Schwab from $91.00 to $99.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $95.60.

Charles Schwab Stock Performance

NYSE SCHW traded up $1.86 on Thursday, hitting $93.12. The stock had a trading volume of 12,569,078 shares, compared to its average volume of 9,359,607. The Charles Schwab Corporation has a one year low of $61.15 and a one year high of $93.43. 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 stock has a market cap of $169.19 billion, a price-to-earnings ratio of 28.22, a P/E/G ratio of 0.95 and a beta of 0.93. The company's 50-day moving average is $89.21 and its two-hundred day moving average is $81.89.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its 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 net margin of 31.71% and a return on equity of 18.31%. The firm had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. On average, analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Friday, May 9th. Charles Schwab's payout ratio is 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.