The Charles Schwab Co. (NYSE:SCHW) Stake Increased by Focus Financial Network Inc.

Focus Financial Network Inc. boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,040 shares of the financial services provider’s stock after acquiring an additional 518 shares during the quarter. Focus Financial Network Inc.’s holdings in Charles Schwab were worth $1,490,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Charles Schwab during the fourth quarter valued at $1,289,544,000. Kovitz Investment Group Partners LLC boosted its holdings in Charles Schwab by 354.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 11,005,881 shares of the financial services provider’s stock worth $814,545,000 after purchasing an additional 8,584,173 shares in the last quarter. FMR LLC increased its position in Charles Schwab by 69.4% during the fourth quarter. FMR LLC now owns 9,700,013 shares of the financial services provider’s stock worth $717,898,000 after buying an additional 3,974,940 shares during the last quarter. Marshall Wace LLP raised its holdings in Charles Schwab by 742.0% during the fourth quarter. Marshall Wace LLP now owns 4,181,202 shares of the financial services provider’s stock valued at $309,451,000 after buying an additional 3,684,640 shares in the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of Charles Schwab by 310.3% in the fourth quarter. Primecap Management Co. CA now owns 4,252,350 shares of the financial services provider’s stock worth $314,716,000 after buying an additional 3,216,000 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SCHW shares. UBS Group raised their price objective on Charles Schwab from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $92.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. JMP Securities reaffirmed a “market outperform” rating and set a $94.00 price objective on shares of Charles Schwab in a report on Monday, April 21st. TD Securities lifted their target price on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Charles Schwab from $90.00 to $93.00 and gave the company an “outperform” rating in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $89.25.

Insider Transactions at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 10,176 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total transaction of $889,280.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction 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. This trade represents 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. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Stock Performance

NYSE SCHW opened at $88.36 on Thursday. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $89.85. The company has a 50 day moving average of $82.58 and a 200-day moving average of $79.79. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a market cap of $160.55 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 0.99 and a beta of 0.94.

Charles Schwab (NYSE:SCHW) last issued 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 return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the company posted $0.74 EPS. On average, equities analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

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

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.