The Charles Schwab Corporation (NYSE:SCHW) Stock Holdings Trimmed by Winslow Asset Management Inc.

Winslow Asset Management Inc. lessened its stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 3.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 159,234 shares of the financial services provider's stock after selling 6,200 shares during the quarter. Charles Schwab comprises 2.7% of Winslow Asset Management Inc.'s portfolio, making the stock its 9th largest holding. Winslow Asset Management Inc.'s holdings in Charles Schwab were worth $12,465,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sage Mountain Advisors LLC grew its holdings in shares of Charles Schwab by 13.5% during the first quarter. Sage Mountain Advisors LLC now owns 8,461 shares of the financial services provider's stock worth $662,000 after purchasing an additional 1,007 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in shares of Charles Schwab by 29.6% during the first quarter. Wealthfront Advisers LLC now owns 137,427 shares of the financial services provider's stock worth $10,758,000 after purchasing an additional 31,372 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Charles Schwab by 346.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 113,915 shares of the financial services provider's stock worth $8,917,000 after purchasing an additional 88,373 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Charles Schwab by 83.4% during the first quarter. Whittier Trust Co. now owns 368,994 shares of the financial services provider's stock worth $28,884,000 after purchasing an additional 167,815 shares in the last quarter. Finally, Hager Investment Management Services LLC grew its holdings in shares of Charles Schwab by 8.2% during the first quarter. Hager Investment Management Services LLC now owns 28,653 shares of the financial services provider's stock worth $2,243,000 after purchasing an additional 2,162 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Trading Up 2.4%

SCHW stock traded up $2.28 during midday trading on Friday, hitting $95.38. The company had a trading volume of 16,047,211 shares, compared to its average volume of 9,390,973. 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 Charles Schwab Corporation has a 52 week low of $61.15 and a 52 week high of $98.49. The stock's 50 day moving average price is $89.21 and its 200 day moving average price is $81.89. The stock has a market cap of $173.29 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 0.95 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.04. The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.64 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. The firm's revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 earnings per share. As a group, equities research analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.13%. Charles Schwab's dividend payout ratio is presently 32.73%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SCHW shares. TD Securities boosted their price objective on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Morgan Stanley restated 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. Redburn Atlantic upgraded Charles Schwab from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $65.00 to $82.00 in a research report on Monday, June 9th. JMP Securities boosted their target price on Charles Schwab from $94.00 to $106.00 and gave the stock a "market outperform" rating in a research report on Monday. Finally, Wells Fargo & Company set a $102.00 target price on Charles Schwab and gave the stock an "overweight" rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Charles Schwab presently has an average rating of "Moderate Buy" and a consensus target price of $95.60.

Insider Activity at Charles Schwab

In related news, Director Paula A. Sneed sold 8,647 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total transaction of $761,454.82. Following the completion of the transaction, the director owned 105,654 shares in the company, valued at $9,303,891.24. This represents a 7.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul V. Woolway sold 10,129 shares of the company's stock in a transaction that occurred 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 transaction, the insider owned 39,154 shares of the company's stock, valued at approximately $3,524,251.54. This represents a 20.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 119,905 shares of company stock valued at $10,530,833 over the last 90 days. Company insiders own 6.30% of the company's stock.

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.