Louisiana State Employees Retirement System Has $7.17 Million Stock Position in The Charles Schwab Corporation (NYSE:SCHW)

Louisiana State Employees Retirement System lifted its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 13.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 91,600 shares of the financial services provider’s stock after buying an additional 11,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Charles Schwab were worth $7,170,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Atwood & Palmer Inc. acquired a new position in shares of Charles Schwab during the 1st quarter worth $25,000. Westside Investment Management Inc. grew its position in Charles Schwab by 75.0% during the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 150 shares during the last quarter. WFA Asset Management Corp bought a new stake in Charles Schwab during the 1st quarter worth $33,000. Cornerstone Planning Group LLC grew its position in Charles Schwab by 90.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 220 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Charles Schwab during the 4th quarter worth $38,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In related news, insider Jonathan M. Craig sold 47,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $88.46, for a total transaction of $4,201,850.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total value of $889,280.64. The disclosure for this sale can be found here. Insiders sold 119,905 shares of company stock worth $10,530,833 in the last quarter. Company insiders own 6.30% of the company’s stock.

Charles Schwab Stock Down 1.2%

Shares of NYSE:SCHW opened at $91.96 on Friday. The company has a market capitalization of $167.09 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 0.97 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53. The business’s 50-day moving average is $88.53 and its 200-day moving average is $81.45. The Charles Schwab Corporation has a 1 year low of $61.01 and a 1 year high of $93.35.

Charles Schwab (NYSE:SCHW) 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 analysts’ consensus estimates of $1.01 by $0.03. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. During the same period in the previous year, the business earned $0.74 EPS. Equities research analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is currently 32.73%.

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of research reports. Redburn Atlantic upgraded Charles Schwab from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $65.00 to $82.00 in a research report on Monday, June 9th. Raymond James Financial boosted their price objective on Charles Schwab from $91.00 to $99.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays boosted their price objective on Charles Schwab from $89.00 to $106.00 and gave the stock an “overweight” rating in a research report on Thursday. Wells Fargo & Company boosted their price objective on Charles Schwab from $87.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Truist Financial boosted their price objective on Charles Schwab from $97.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, June 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $92.70.

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.