Coastline Trust Co Purchases 18,220 Shares of The Charles Schwab Co. (NYSE:SCHW)

Coastline Trust Co boosted its position in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) by 75.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 42,520 shares of the financial services provider’s stock after acquiring an additional 18,220 shares during the period. Coastline Trust Co’s holdings in Charles Schwab were worth $2,925,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Providence Capital Advisors LLC acquired a new stake in Charles Schwab during the third quarter worth approximately $28,000. Sugarloaf Wealth Management LLC increased its holdings in shares of Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares in the last quarter. Worth Asset Management LLC acquired a new position in shares of Charles Schwab during the first quarter worth $32,000. BluePath Capital Management LLC acquired a new stake in Charles Schwab in the third quarter valued at $34,000. Finally, Hall Laurie J Trustee acquired a new stake in Charles Schwab in the fourth quarter valued at $34,000. Institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SCHW shares. Citigroup cut shares of Charles Schwab from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $75.00 to $70.00 in a research report on Wednesday, January 10th. TD Cowen upgraded shares of Charles Schwab from a “market perform” rating to an “outperform” rating and set a $87.00 price objective for the company in a research note on Friday, March 22nd. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Barclays increased their price objective on shares of Charles Schwab from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 21st. Finally, UBS Group increased their price objective on shares of Charles Schwab from $72.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $71.12.

Check Out Our Latest Stock Analysis on SCHW

Charles Schwab Trading Down 1.2 %

Shares of SCHW traded down $0.90 during mid-day trading on Tuesday, hitting $71.48. 5,373,560 shares of the company’s stock traded hands, compared to its average volume of 7,725,087. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $72.94. The firm has a market capitalization of $126.76 billion, a P/E ratio of 28.18, a PEG ratio of 1.38 and a beta of 1.01. The business’s 50-day moving average price is $66.15 and its 200-day moving average price is $61.54.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The firm had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same period in the previous year, the firm earned $1.07 earnings per share. The business’s revenue was down 18.9% compared to the same quarter last year. As a group, sell-side analysts forecast that The Charles Schwab Co. will post 3.36 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.40%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.37%.

Insider Activity

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $70.87, for a total transaction of $637,830.00. Following the sale, the director now directly owns 581,457 shares in the company, valued at $41,207,857.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Charles Schwab news, Chairman Charles R. Schwab sold 16,390 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total value of $1,047,976.60. Following the sale, the chairman now directly owns 61,331,688 shares of the company’s stock, valued at $3,921,548,130.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $70.87, for a total value of $637,830.00. Following the completion of the sale, the director now directly owns 581,457 shares in the company, valued at $41,207,857.59. The disclosure for this sale can be found here. Over the last three months, insiders have sold 216,584 shares of company stock valued at $14,200,769. Company insiders own 6.60% of the company’s stock.

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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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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