Kintegral Advisory LLC Has $1.68 Million Holdings in The Charles Schwab Corporation (NYSE:SCHW)

Kintegral Advisory LLC trimmed its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 32.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,470 shares of the financial services provider's stock after selling 10,530 shares during the quarter. Kintegral Advisory LLC's holdings in Charles Schwab were worth $1,681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SCHW. Atwood & Palmer Inc. acquired a new stake in shares of Charles Schwab in the first quarter worth $25,000. Westside Investment Management Inc. raised its position in shares of Charles Schwab by 75.0% during the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after buying an additional 150 shares during the last quarter. WFA Asset Management Corp bought a new stake in shares of Charles Schwab in the first quarter valued at about $33,000. Beacon Capital Management LLC lifted its position in shares of Charles Schwab by 53.1% in the 1st quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock worth $38,000 after acquiring an additional 169 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Charles Schwab in the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Cowen reissued a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. TD Securities boosted their target price on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Keefe, Bruyette & Woods raised their target price on Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a report on Tuesday, April 22nd. Redburn Atlantic upgraded shares of Charles Schwab from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $65.00 to $82.00 in a report on Monday, June 9th. Finally, Wells Fargo & Company decreased their price target on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.40.

Charles Schwab Stock Performance

Shares of Charles Schwab stock traded down $0.14 on Friday, hitting $91.20. The stock had a trading volume of 5,765,549 shares, compared to its average volume of 9,546,720. The business's 50 day moving average is $87.22 and its two-hundred day moving average is $80.68. The stock has a market cap of $165.71 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93. The Charles Schwab Corporation has a twelve month low of $61.01 and a twelve month high of $92.15. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity 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 (EPS) 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 company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period in the prior year, the firm posted $0.74 EPS. Analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given 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 dividend yield of 1.18%. Charles Schwab's dividend payout ratio is 32.73%.

Insiders Place Their Bets

In other Charles Schwab news, Director Paula A. Sneed sold 8,647 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total value of $761,454.82. Following the sale, the director owned 105,654 shares of the company's stock, valued at approximately $9,303,891.24. This trade represents a 7.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 10,129 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 $911,711.29. Following the completion of the transaction, the insider owned 39,154 shares in the company, valued at approximately $3,524,251.54. The trade was a 20.55% decrease in their position. 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 over the last three months. 6.30% of the stock is owned by corporate insiders.

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.