Twin Capital Management Inc. Raises Holdings in The Charles Schwab Corporation (NYSE:SCHW)

Twin Capital Management Inc. boosted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 852.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,027 shares of the financial services provider's stock after buying an additional 42,986 shares during the period. Twin Capital Management Inc.'s holdings in Charles Schwab were worth $3,760,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atwood & Palmer Inc. bought a new position in shares of Charles Schwab during the 1st quarter worth approximately $25,000. Westside Investment Management Inc. grew its holdings in Charles Schwab by 75.0% in the first 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 last quarter. WFA Asset Management Corp acquired a new position in shares of Charles Schwab during the first quarter worth $33,000. Cornerstone Planning Group LLC lifted its holdings 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 valued at $36,000 after purchasing an additional 220 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Charles Schwab during the 4th quarter valued at $38,000. Institutional investors own 84.38% of the company's stock.

Insider Buying and Selling at Charles Schwab

In other news, Director Paula A. Sneed sold 8,647 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $88.06, for a total value of $761,454.82. Following the transaction, the director directly owned 105,654 shares in the company, valued at approximately $9,303,891.24. This represents a 7.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Nigel J. Murtagh sold 20,872 shares of Charles Schwab stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total transaction of $1,878,688.72. Following the completion of the sale, the insider owned 58,999 shares of the company's stock, valued at $5,310,499.99. This trade represents a 26.13% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 119,905 shares of company stock worth $10,530,833. Insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on SCHW. Raymond James Financial reaffirmed an "outperform" rating and issued a $99.00 price objective on shares of Charles Schwab in a research report on Friday. William Blair lowered shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Morgan Stanley reaffirmed an "overweight" rating and issued a $117.00 price target (up previously from $83.00) on shares of Charles Schwab in a report on Tuesday. TD Securities boosted their price objective on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Finally, Barclays reissued an "overweight" rating on shares of Charles Schwab in a research report on Friday. Two research 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's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $95.60.

Charles Schwab Stock Up 3.0%

SCHW stock opened at $95.87 on Friday. 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 firm has a 50-day moving average of $89.44 and a two-hundred day moving average of $82.09. The Charles Schwab Corporation has a 12 month low of $61.15 and a 12 month high of $97.50. The company has a market cap of $174.19 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 1.00 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.10 by $0.04. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. The company's quarterly revenue was up 24.8% compared to the same quarter last year. As a group, analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is presently 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.

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