The Charles Schwab Corporation (NYSE:SCHW) Shares Bought by IFM Investors Pty Ltd

by · The Cerbat Gem

IFM Investors Pty Ltd grew its holdings in The Charles Schwab Corporation (NYSE:SCHW – Free Report) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,722 shares of the financial services provider’s stock after purchasing an additional 8,028 shares during the quarter. IFM Investors Pty Ltd’s holdings in Charles Schwab were worth $23,775,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SCHW. Norges Bank acquired a new position in Charles Schwab in the 4th quarter valued at about $1,289,544,000. Kovitz Investment Group Partners LLC raised its position in shares of Charles Schwab by 354.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 11,005,881 shares of the financial services provider’s stock valued at $814,545,000 after buying an additional 8,584,173 shares during the period. FMR LLC lifted its holdings in Charles Schwab by 69.4% in the fourth quarter. FMR LLC now owns 9,700,013 shares of the financial services provider’s stock valued at $717,898,000 after acquiring an additional 3,974,940 shares during the last quarter. Marshall Wace LLP grew its position in Charles Schwab by 742.0% in the fourth quarter. Marshall Wace LLP now owns 4,181,202 shares of the financial services provider’s stock worth $309,451,000 after acquiring an additional 3,684,640 shares during the period. Finally, Primecap Management Co. CA increased its stake in Charles Schwab by 310.3% during 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 acquiring an additional 3,216,000 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 10,176 shares of the firm’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 filing with the SEC, which is available through this hyperlink. Also, insider Jonathan M. Craig sold 47,500 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,905 shares of company stock worth $10,530,833. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Stock Performance

NYSE SCHW opened at $91.20 on Friday. The company has a fifty day moving average of $87.22 and a two-hundred day moving average of $80.68. The company has a market capitalization 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 Charles Schwab Corporation has a 1 year low of $61.01 and a 1 year high of $92.15. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53.

Charles Schwab (NYSE:SCHW – Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. The business had revenue of $5.60 billion during 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. As a group, analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.18%. Charles Schwab’s dividend payout ratio (DPR) is presently 32.73%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays decreased their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. Morgan Stanley increased their price objective on Charles Schwab from $76.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 13th. JMP Securities reissued a “market outperform” rating and set a $94.00 target price on shares of Charles Schwab in a research note on Monday, April 21st. The Goldman Sachs Group raised Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Friday, April 25th. Finally, Redburn Atlantic upgraded Charles Schwab from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $65.00 to $82.00 in a research note on Monday, June 9th. Two equities research 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 MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and an average price target of $89.40.

Check Out Our Latest Analysis on Charles Schwab

About Charles Schwab

(Free Report)

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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