First Interstate Bank Has $4.40 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

First Interstate Bank lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,894 shares of the financial services provider’s stock after selling 1,123 shares during the quarter. First Interstate Bank’s holdings in Charles Schwab were worth $4,396,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Arbor Trust Wealth Advisors LLC lifted its position in shares of Charles Schwab by 7.7% during the 4th quarter. Arbor Trust Wealth Advisors LLC now owns 14,000 shares of the financial services provider’s stock worth $963,000 after buying an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Charles Schwab by 5.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 520,038 shares of the financial services provider’s stock valued at $35,779,000 after purchasing an additional 25,251 shares during the period. Everence Capital Management Inc. lifted its position in Charles Schwab by 49.6% during the 4th quarter. Everence Capital Management Inc. now owns 31,940 shares of the financial services provider’s stock valued at $2,197,000 after purchasing an additional 10,590 shares during the period. Wealth Alliance lifted its position in Charles Schwab by 0.9% during the 4th quarter. Wealth Alliance now owns 20,103 shares of the financial services provider’s stock valued at $1,383,000 after purchasing an additional 176 shares during the period. Finally, Main Street Research LLC lifted its position in Charles Schwab by 0.5% during the 4th quarter. Main Street Research LLC now owns 370,913 shares of the financial services provider’s stock valued at $25,519,000 after purchasing an additional 1,925 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the transaction, the chief financial officer now owns 37,611 shares in the company, valued at $2,425,533.39. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the sale, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $70.87, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 216,584 shares of company stock worth $14,200,769. Company insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

SCHW stock traded up $1.82 during trading hours on Tuesday, hitting $73.05. 12,019,778 shares of the stock were exchanged, compared to its average volume of 7,720,478. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $129.74 billion, a P/E ratio of 28.28, a P/E/G ratio of 1.06 and a beta of 1.01. The company has a 50-day simple moving average of $67.74 and a two-hundred day simple moving average of $62.62. The Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $73.65.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping 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 quarter last year, the business earned $1.07 EPS. The company’s quarterly revenue was down 18.9% compared to the same quarter last year. On average, analysts forecast that The Charles Schwab Co. will post 3.4 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s payout ratio is currently 39.37%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Bank of America upped their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday. Piper Sandler upped their price target on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a research note on Tuesday. Keefe, Bruyette & Woods upped their price target on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, TD Cowen upped their price target on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $74.47.

About Charles Schwab

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.