Hilltop Holdings Inc. Has $576,000 Position in The Charles Schwab Corporation $SCHW

Hilltop Holdings Inc. lessened its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 47.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,125 shares of the financial services provider’s stock after selling 5,459 shares during the period. Hilltop Holdings Inc.’s holdings in Charles Schwab were worth $576,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SCHW. Morningstar Investment Management LLC increased its holdings in Charles Schwab by 4.2% during the 1st quarter. Morningstar Investment Management LLC now owns 102,422 shares of the financial services provider’s stock worth $9,626,000 after purchasing an additional 4,144 shares in the last quarter. Klingman & Associates LLC lifted its holdings in shares of Charles Schwab by 1.5% in the first quarter. Klingman & Associates LLC now owns 8,417 shares of the financial services provider’s stock valued at $791,000 after purchasing an additional 125 shares in the last quarter. Keebeck Wealth Management boosted its position in shares of Charles Schwab by 15.3% during the first quarter. Keebeck Wealth Management now owns 10,487 shares of the financial services provider’s stock worth $986,000 after buying an additional 1,388 shares during the period. Inceptionr LLC acquired a new position in shares of Charles Schwab during the first quarter worth about $785,000. Finally, Bowen Hanes & Co. Inc. grew its holdings in shares of Charles Schwab by 20.8% during the first quarter. Bowen Hanes & Co. Inc. now owns 740,788 shares of the financial services provider’s stock worth $69,619,000 after buying an additional 127,495 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $104.19 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a 50 day moving average price of $94.17 and a 200 day moving average price of $95.34. The stock has a market capitalization of $181.19 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 0.83 and a beta of 0.77. The Charles Schwab Corporation has a 52 week low of $83.96 and a 52 week high of $107.50.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.06. Charles Schwab had a return on equity of 24.73% and a net margin of 38.79%.The firm had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.90 billion. During the same quarter in the previous year, the firm earned $1.14 EPS. The business’s quarterly revenue was up 20.9% on a year-over-year basis. Analysts predict that The Charles Schwab Corporation will post 6.43 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, August 14th. Charles Schwab’s payout ratio is presently 23.27%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SCHW shares. Argus boosted their target price on Charles Schwab from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Charles Schwab in a research note on Thursday, June 18th. Zacks Research upgraded shares of Charles Schwab from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Barclays boosted their price objective on shares of Charles Schwab from $122.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Finally, Wolfe Research restated an “outperform” rating and set a $127.00 target price on shares of Charles Schwab in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $119.94.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,000 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $100.01, for a total value of $200,020.00. Following the completion of the sale, the insider owned 13,738 shares in the company, valued at $1,373,937.38. This trade represents a 12.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 6.30% of the company’s stock.

Charles Schwab Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.