Greenleaf Trust raised its position in The Charles Schwab Co. (NYSE:SCHW) by 92.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,737 shares of the financial services provider’s stock after acquiring an additional 7,060 shares during the quarter. Greenleaf Trust’s holdings in The Charles Schwab were worth $782,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Vident Investment Advisory LLC raised its stake in shares of The Charles Schwab by 19.8% in the fourth quarter. Vident Investment Advisory LLC now owns 18,099 shares of the financial services provider’s stock worth $960,000 after buying an additional 2,987 shares during the period. Alliancebernstein L.P. raised its stake in The Charles Schwab by 12.2% during the 4th quarter. Alliancebernstein L.P. now owns 22,150,213 shares of the financial services provider’s stock valued at $1,174,847,000 after purchasing an additional 2,407,536 shares during the period. Bowen Hanes & Co. Inc. raised its stake in The Charles Schwab by 5.9% during the 4th quarter. Bowen Hanes & Co. Inc. now owns 1,106,154 shares of the financial services provider’s stock valued at $58,670,000 after purchasing an additional 61,500 shares during the period. Principal Financial Group Inc. raised its stake in The Charles Schwab by 4.2% during the 4th quarter. Principal Financial Group Inc. now owns 5,407,713 shares of the financial services provider’s stock valued at $286,826,000 after purchasing an additional 219,970 shares during the period. Finally, Lido Advisors LLC grew its holdings in The Charles Schwab by 9.5% during the 4th quarter. Lido Advisors LLC now owns 187,132 shares of the financial services provider’s stock valued at $9,925,000 after buying an additional 16,305 shares in the last quarter. 77.47% of the stock is currently owned by institutional investors.
Shares of NYSE SCHW opened at $62.95 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $57.43 and a two-hundred day simple moving average of $45.69. The firm has a market cap of $118.13 billion, a PE ratio of 29.14 and a beta of 1.17. The Charles Schwab Co. has a twelve month low of $28.00 and a twelve month high of $63.45.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 26th. Stockholders of record on Friday, February 12th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, February 11th. The Charles Schwab’s payout ratio is 26.47%.
Several equities analysts have weighed in on SCHW shares. Deutsche Bank Aktiengesellschaft raised their price target on The Charles Schwab from $73.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, February 3rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded The Charles Schwab from a “neutral” rating to a “buy” rating and raised their price target for the company from $44.00 to $54.00 in a report on Tuesday, November 17th. Wells Fargo & Company raised their price target on The Charles Schwab from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, January 20th. Credit Suisse Group raised their price target on The Charles Schwab from $60.00 to $61.00 and gave the company a “neutral” rating in a report on Thursday, February 4th. Finally, Wolfe Research upgraded The Charles Schwab from an “underperform” rating to a “market perform” rating and set a $67.00 target price for the company in a report on Monday. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The Charles Schwab currently has a consensus rating of “Buy” and a consensus target price of $55.77.
In related news, Chairman Charles R. Schwab sold 98,870 shares of the business’s stock in a transaction on Friday, November 27th. The stock was sold at an average price of $49.81, for a total transaction of $4,924,714.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan M. Craig sold 8,903 shares of the business’s stock in a transaction on Friday, February 19th. The stock was sold at an average price of $63.01, for a total value of $560,978.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,586,205 shares of company stock valued at $88,310,828. Corporate insiders own 10.80% of the company’s stock.
The Charles Schwab Profile
The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.
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