Yousif Capital Management LLC Buys 20,200 Shares of The Charles Schwab Co. (NYSE:SCHW)

Yousif Capital Management LLC raised its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 10.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,673 shares of the financial services provider's stock after acquiring an additional 20,200 shares during the quarter. Yousif Capital Management LLC's holdings in Charles Schwab were worth $16,648,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Charles Schwab by 380.5% during the 4th 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 during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Charles Schwab during the 4th quarter valued at approximately $2,691,000. Golden State Wealth Management LLC purchased a new position in shares of Charles Schwab during the 4th quarter valued at approximately $62,000. Vest Financial LLC boosted its stake in shares of Charles Schwab by 24.3% during the 4th quarter. Vest Financial LLC now owns 8,556 shares of the financial services provider's stock valued at $633,000 after buying an additional 1,672 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in shares of Charles Schwab by 89.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 12,786 shares of the financial services provider's stock valued at $946,000 after buying an additional 6,039 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Trading Up 0.0%

Shares of NYSE SCHW traded up $0.04 during mid-day trading on Thursday, hitting $88.44. The company's stock had a trading volume of 2,625,398 shares, compared to its average volume of 9,375,741. The stock has a market cap of $160.69 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 0.99 and a beta of 0.94. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $89.85. The company's fifty day simple moving average is $82.58 and its 200-day simple moving average is $79.79.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results 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. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same quarter last year, the firm earned $0.74 EPS. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company 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. This represents a $1.08 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, May 9th. Charles Schwab's payout ratio is presently 32.73%.

Insiders Place Their Bets

In other news, insider Paul V. Woolway sold 3,290 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $87.68, for a total transaction of $288,467.20. Following the sale, the insider now owns 39,154 shares of the company's stock, valued at $3,433,022.72. This trade represents a 7.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the sale, the director now directly owns 172,162 shares of the company's stock, valued at approximately $12,784,750.12. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,608 shares of company stock worth $8,392,040. Company insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Wells Fargo & Company reduced their price objective on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group upgraded Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research note on Friday, April 25th. Barclays reduced their price objective on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Finally, UBS Group raised their price objective on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Charles Schwab has an average rating of "Moderate Buy" and a consensus price target of $89.25.

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.