The Charles Schwab Corporation (NYSE:SCHW) Shares Sold by Winslow Asset Management Inc.

Winslow Asset Management Inc. reduced its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 159,234 shares of the financial services provider's stock after selling 6,200 shares during the quarter. Charles Schwab makes up 2.7% of Winslow Asset Management Inc.'s investment portfolio, making the stock its 9th biggest holding. Winslow Asset Management Inc.'s holdings in Charles Schwab were worth $12,465,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Atwood & Palmer Inc. purchased a new position in shares of Charles Schwab during the 1st quarter worth $25,000. Westside Investment Management Inc. lifted its stake in shares of Charles Schwab by 75.0% during the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock worth $27,000 after purchasing an additional 150 shares during the period. WFA Asset Management Corp purchased a new position in shares of Charles Schwab during the 1st quarter worth $33,000. Cornerstone Planning Group LLC lifted its stake in shares of Charles Schwab by 90.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider's stock worth $36,000 after purchasing an additional 220 shares during the period. Finally, Beacon Capital Management LLC raised 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 buying an additional 169 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Price Performance

Charles Schwab stock opened at $92.75 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $168.52 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 0.97 and a beta of 0.93. The stock's 50 day moving average is $88.72 and its 200-day moving average is $81.62. The Charles Schwab Corporation has a 12 month low of $61.01 and a 12 month high of $93.35.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 18.31% and a net margin of 31.71%. During the same period in the previous year, the company posted $0.74 earnings per share. Equities research analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.16%. Charles Schwab's payout ratio is currently 32.73%.

Analysts Set New Price Targets

Several brokerages recently weighed in on SCHW. Citigroup increased their target price on Charles Schwab from $102.00 to $105.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Raymond James Financial increased their target price on Charles Schwab from $91.00 to $99.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. JMP Securities raised their price objective on Charles Schwab from $94.00 to $106.00 and gave the company a "market outperform" rating in a research report on Monday. Morgan Stanley reissued an "overweight" rating on shares of Charles Schwab in a research report on Tuesday. Finally, Truist Financial raised their price objective on Charles Schwab from $97.00 to $100.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, Charles Schwab presently has an average rating of "Moderate Buy" and a consensus target price of $93.30.

Insider Activity

In other news, insider Jonathan S. Beatty sold 2,850 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $87.57, for a total value of $249,574.50. Following the completion of the sale, the insider directly owned 15,219 shares in the company, valued at $1,332,727.83. This trade represents a 15.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Nigel J. Murtagh sold 20,872 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider owned 58,999 shares of the company's stock, valued at approximately $5,310,499.99. This represents a 26.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 119,905 shares of company stock worth $10,530,833. 6.30% of the stock is owned by 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.

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