Vontobel Holding Ltd. Cuts Stake in The Charles Schwab Corporation (NYSE:SCHW)

Vontobel Holding Ltd. reduced its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 26.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,347 shares of the financial services provider's stock after selling 11,120 shares during the quarter. Vontobel Holding Ltd.'s holdings in Charles Schwab were worth $2,376,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SCHW. Atwood & Palmer Inc. purchased a new stake in shares of Charles Schwab during the first quarter valued at $25,000. Westside Investment Management Inc. grew its holdings in shares of Charles Schwab by 75.0% during the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after buying an additional 150 shares during the last quarter. WFA Asset Management Corp purchased a new stake in shares of Charles Schwab during the first quarter valued at $33,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Charles Schwab during the fourth quarter valued at $38,000. Finally, Beacon Capital Management LLC grew its holdings in shares of Charles Schwab by 53.1% during the first quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock valued at $38,000 after buying an additional 169 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Morgan Stanley boosted their target price on shares of Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research report on Tuesday, April 22nd. TD Securities boosted their target price 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. Finally, The Goldman Sachs Group upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Charles Schwab presently has a consensus rating of "Moderate Buy" and an average price target of $89.40.

Insiders Place Their Bets

In other news, insider Jonathan S. Beatty sold 2,850 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $87.57, for a total value of $249,574.50. Following the transaction, the insider directly owned 15,219 shares in the company, valued at approximately $1,332,727.83. This represents a 15.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 approximately $9,303,891.24. This represents a 7.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 119,905 shares of company stock worth $10,530,833. 6.30% of the stock is currently owned by company insiders.

Charles Schwab Stock Down 0.2%

Shares of NYSE SCHW opened at $91.20 on Friday. The Charles Schwab Corporation has a 12-month low of $61.01 and a 12-month high of $92.15. The stock has a market cap of $165.71 billion, a PE ratio of 27.64, a P/E/G ratio of 0.98 and a beta of 0.93. 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 50-day moving average of $87.22 and a 200 day moving average of $80.68.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data 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. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The company had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter in the prior year, the company earned $0.74 EPS. As a group, sell-side analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company 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. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.18%. Charles Schwab's dividend payout ratio (DPR) is 32.73%.

About Charles Schwab

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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