The Charles Schwab Corporation (NYSE:SCHW) Shares Purchased by Perpetual Ltd

Perpetual Ltd raised its stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 108.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,449 shares of the financial services provider's stock after acquiring an additional 5,957 shares during the quarter. Perpetual Ltd's holdings in Charles Schwab were worth $896,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Charles Schwab by 380.5% in the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock valued at $1,794,000 after buying an additional 19,195 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Charles Schwab during the fourth quarter worth approximately $46,000. Proficio Capital Partners LLC purchased a new stake in shares of Charles Schwab during the fourth quarter worth approximately $32,643,000. QRG Capital Management Inc. increased its position in shares of Charles Schwab by 7.9% during the fourth quarter. QRG Capital Management Inc. now owns 26,699 shares of the financial services provider's stock worth $1,976,000 after purchasing an additional 1,954 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of Charles Schwab by 6.1% during the fourth quarter. Private Trust Co. NA now owns 5,368 shares of the financial services provider's stock worth $397,000 after purchasing an additional 309 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Stock Performance

SCHW traded up $0.58 during trading on Friday, hitting $90.02. 9,335,355 shares of the stock were exchanged, compared to its average volume of 9,511,640. The firm has a market capitalization of $163.56 billion, a P/E ratio of 27.28, a PEG ratio of 0.96 and a beta of 0.94. The Charles Schwab Corporation has a 1-year low of $61.01 and a 1-year high of $90.86. The stock has a fifty day moving average price of $86.10 and a two-hundred day moving average price of $80.38. 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 quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 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 quarter in the previous year, the company posted $0.74 earnings per share. As a group, sell-side analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.20%. Charles Schwab's dividend payout ratio (DPR) is currently 32.73%.

Insider Buying and Selling at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,850 shares of Charles Schwab stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $87.57, for a total value of $249,574.50. Following the sale, the insider now directly owns 15,219 shares in the company, valued at $1,332,727.83. The trade was a 15.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the sale, the director now owns 172,162 shares in the company, valued at approximately $12,784,750.12. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,995 shares of company stock worth $10,493,320. 6.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. TD Securities upped their target price on Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. JMP Securities reiterated a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a report on Monday, April 21st. Keefe, Bruyette & Woods raised their target price on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a report on Tuesday, April 22nd. Cowen restated a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. Finally, Barclays reduced their price target on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $89.40.

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.