LaFleur & Godfrey LLC Trims Stake in The Charles Schwab Corporation (NYSE:SCHW)

LaFleur & Godfrey LLC decreased its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 12.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,010 shares of the financial services provider's stock after selling 10,476 shares during the period. LaFleur & Godfrey LLC's holdings in Charles Schwab were worth $5,950,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atwood & Palmer Inc. bought a new stake in Charles Schwab in the 1st quarter worth $25,000. WFA Asset Management Corp purchased a new stake in Charles Schwab in the 1st quarter worth approximately $33,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Charles Schwab during the fourth quarter valued at approximately $38,000. Beacon Capital Management LLC raised its holdings in shares of Charles Schwab by 53.1% during the first quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 169 shares in the last quarter. Finally, Atala Financial Inc bought a new stake in Charles Schwab in the fourth quarter valued at $41,000. Institutional investors own 84.38% of the company's stock.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value of $261,713.40. Following the completion of the transaction, the insider now directly owns 45,824 shares in the company, valued at $3,548,152.32. This represents a 6.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of the business'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 completion of the transaction, the director now directly owns 172,162 shares in the company, valued at $12,784,750.12. This trade represents a 2.04% decrease in their position. 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 quarter. 6.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on SCHW. Keefe, Bruyette & Woods upped 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. Barclays lowered their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a report on Monday, April 7th. JMP Securities reaffirmed a "market outperform" rating and issued a $94.00 price target on shares of Charles Schwab in a research note on Monday, April 21st. JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, TD Securities boosted their price target on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Two investment 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.40.

Charles Schwab Stock Performance

Charles Schwab stock traded up $0.93 during mid-day trading on Tuesday, reaching $89.31. 9,756,218 shares of the stock traded hands, compared to its average volume of 9,459,155. The Charles Schwab Corporation has a 12-month low of $61.01 and a 12-month high of $90.60. The business's 50-day moving average is $85.04 and its 200-day moving average is $80.15. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market capitalization of $162.27 billion, a PE 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 announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. During the same period in the prior year, the company earned $0.74 earnings per share. As a group, sell-side analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

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

Charles Schwab Company 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.