The Charles Schwab Corporation (NYSE:SCHW) Shares Purchased by Greenleaf Trust

Greenleaf Trust boosted its stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 6.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 57,657 shares of the financial services provider's stock after acquiring an additional 3,348 shares during the quarter. Greenleaf Trust's holdings in Charles Schwab were worth $4,513,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Charles Schwab by 380.5% during the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock worth $1,794,000 after purchasing an additional 19,195 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Charles Schwab during the 4th quarter worth $441,000. AlphaQuest LLC boosted its stake in Charles Schwab by 81.0% during the 4th quarter. AlphaQuest LLC now owns 7,531 shares of the financial services provider's stock worth $557,000 after purchasing an additional 3,370 shares during the last quarter. Simplicity Wealth LLC boosted its stake in Charles Schwab by 40.6% during the 4th quarter. Simplicity Wealth LLC now owns 5,072 shares of the financial services provider's stock worth $375,000 after purchasing an additional 1,465 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Charles Schwab by 14.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 618,033 shares of the financial services provider's stock worth $45,741,000 after purchasing an additional 76,954 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several recent research reports. Citigroup lifted their target price on shares of Charles Schwab from $102.00 to $105.00 and gave the stock a "buy" rating in a research note on Monday. William Blair cut shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. TD Securities boosted their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Wells Fargo & Company lowered their price target on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $89.55.

Charles Schwab Trading Down 0.6%

NYSE:SCHW opened at $92.00 on Wednesday. The Charles Schwab Corporation has a 1 year low of $61.01 and a 1 year high of $92.80. The stock has a market cap of $167.16 billion, a P/E ratio of 27.88, a P/E/G ratio of 0.99 and a beta of 0.93. 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 stock has a 50-day simple moving average of $87.91 and a 200-day simple moving average of $81.08.

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

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.17%. Charles Schwab's dividend payout ratio is currently 32.73%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,290 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $90.95, for a total transaction of $299,225.50. Following the transaction, the insider owned 35,864 shares of the company's stock, valued at approximately $3,261,830.80. This trade represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The disclosure for this sale can be found here. Insiders sold 119,905 shares of company stock valued at $10,530,833 over the last quarter. 6.30% of the stock is owned by corporate 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.

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