Credit Agricole S A Increases Stock Holdings in The Charles Schwab Corporation $SCHW

Key Points

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Credit Agricole S A raised its stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 39.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 683,027 shares of the financial services provider's stock after purchasing an additional 192,002 shares during the period. Credit Agricole S A's holdings in Charles Schwab were worth $53,467,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings 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 worth $1,794,000 after acquiring an additional 19,195 shares during the last quarter. MML Investors Services LLC raised its holdings in Charles Schwab by 2.1% in the 4th quarter. MML Investors Services LLC now owns 597,659 shares of the financial services provider's stock valued at $44,233,000 after buying an additional 12,351 shares during the last quarter. State of Tennessee Department of Treasury grew its position in shares of Charles Schwab by 7.9% during the 4th quarter. State of Tennessee Department of Treasury now owns 560,942 shares of the financial services provider's stock worth $41,515,000 after buying an additional 40,997 shares during the period. OneDigital Investment Advisors LLC increased its stake in shares of Charles Schwab by 16.2% in the 4th quarter. OneDigital Investment Advisors LLC now owns 47,591 shares of the financial services provider's stock valued at $3,522,000 after acquiring an additional 6,636 shares in the last quarter. Finally, J. Safra Sarasin Holding AG bought a new stake in shares of Charles Schwab in the 4th quarter valued at $220,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Trading Down 0.2%

Shares of Charles Schwab stock traded down $0.1690 during midday trading on Friday, reaching $95.6510. 12,859,422 shares of the company's stock traded hands, compared to its average volume of 10,012,337. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market cap of $173.63 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 0.94 and a beta of 0.96. The stock has a 50 day moving average of $93.68 and a 200-day moving average of $85.25. The Charles Schwab Corporation has a 12 month low of $61.16 and a 12 month high of $99.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Friday, July 18th. The financial services provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.04. Charles Schwab had a return on equity of 19.30% and a net margin of 33.68%.The company had revenue of $5.85 billion for the quarter, compared to analysts' expectations of $5.64 billion. During the same period in the prior year, the firm earned $0.73 earnings per share. The firm's revenue for the quarter was up 24.8% on a year-over-year basis. As a group, equities analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab announced that its Board of Directors has initiated a share repurchase plan on Thursday, July 24th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 11.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Charles Schwab's dividend payout ratio is currently 29.03%.

Insider Buying and Selling

In other Charles Schwab news, Director Paula A. Sneed sold 8,647 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total value of $761,454.82. Following the transaction, the director owned 105,654 shares of the company's stock, valued at approximately $9,303,891.24. This represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Walter W. Bettinger sold 173,876 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $98.84, for a total value of $17,185,903.84. Following the completion of the transaction, the chairman directly owned 590,734 shares in the company, valued at $58,388,148.56. This trade represents a 22.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 250,340 shares of company stock valued at $24,250,303 in the last 90 days. Insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on SCHW. TD Securities lifted their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Wells Fargo & Company set a $102.00 target price on Charles Schwab and gave the stock an "overweight" rating in a research note on Friday, July 18th. Citigroup lifted their target price on Charles Schwab from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. JMP Securities boosted their price objective on Charles Schwab from $106.00 to $110.00 and gave the company a "market outperform" rating in a research note on Monday, July 21st. Finally, Morgan Stanley upped their price target on Charles Schwab from $117.00 to $131.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $99.60.

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.