National Bank of Canada FI Increases Position in The Charles Schwab Co. (NYSE:SCHW)

National Bank of Canada FI raised its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 793,224 shares of the financial services provider’s stock after purchasing an additional 54,929 shares during the period. National Bank of Canada FI’s holdings in Charles Schwab were worth $54,803,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Courier Capital LLC grew its holdings in Charles Schwab by 0.4% in the 4th quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after buying an additional 161 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its stake in shares of Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares during the period. Red Spruce Capital LLC grew its position in shares of Charles Schwab by 0.4% during the fourth quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock worth $2,880,000 after buying an additional 172 shares in the last quarter. Uncommon Cents Investing LLC raised its stake in Charles Schwab by 1.2% in the fourth quarter. Uncommon Cents Investing LLC now owns 14,872 shares of the financial services provider’s stock valued at $1,023,000 after buying an additional 175 shares in the last quarter. Finally, Diligent Investors LLC lifted its position in shares of Charles Schwab by 3.0% during the 4th quarter. Diligent Investors LLC now owns 5,959 shares of the financial services provider’s stock worth $410,000 after buying an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on SCHW shares. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. TD Cowen boosted their target price on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Bank of America raised their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Finally, Raymond James reduced their price target on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $74.47.

Charles Schwab Price Performance

Shares of NYSE SCHW traded up $0.71 during midday trading on Friday, reaching $76.04. The company’s stock had a trading volume of 5,414,735 shares, compared to its average volume of 7,577,556. The company has a market cap of $135.05 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98. The Charles Schwab Co. has a one year low of $45.65 and a one year high of $76.47. 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 company has a 50 day moving average price of $70.75 and a 200 day moving average price of $64.80.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 89,275 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the completion of the sale, the chairman now directly owns 30,641,981 shares in the company, valued at $2,286,504,622.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Charles R. Schwab sold 89,275 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total value of $6,661,700.50. Following the transaction, the chairman now directly owns 30,641,981 shares in the company, valued at approximately $2,286,504,622.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total transaction of $587,610.00. Following the transaction, the director now owns 585,057 shares of the company’s stock, valued at approximately $38,198,371.53. The disclosure for this sale can be found here. In the last 90 days, insiders sold 514,459 shares of company stock valued at $36,371,155. Insiders own 6.60% of the company’s stock.

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.