The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Citizens Business Bank

Citizens Business Bank raised its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 105.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 133,214 shares of the financial services provider's stock after purchasing an additional 68,266 shares during the quarter. Charles Schwab accounts for about 1.9% of Citizens Business Bank's investment portfolio, making the stock its 13th biggest holding. Citizens Business Bank's holdings in Charles Schwab were worth $9,859,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new position in Charles Schwab during the fourth quarter valued at approximately $38,000. Atala Financial Inc purchased a new stake in shares of Charles Schwab in the 4th quarter worth $41,000. Knuff & Co LLC lifted its position in Charles Schwab by 1,309.3% during the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 563 shares in the last quarter. Financial Life Planners bought a new position in shares of Charles Schwab in the fourth quarter worth about $46,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Charles Schwab during the 4th quarter valued at approximately $46,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Trading Up 0.2 %

Shares of NYSE:SCHW traded up $0.16 on Friday, hitting $84.53. 5,909,955 shares of the company's stock were exchanged, compared to its average volume of 9,413,142. The business's 50 day simple moving average is $77.48 and its two-hundred day simple moving average is $77.89. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $153.30 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $85.19.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period in the prior year, the firm earned $0.74 EPS. Analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a $0.27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.28%. Charles Schwab's payout ratio is currently 32.73%.

Insider Buying and Selling

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the sale, the chairman now directly owns 827,377 shares of the company's stock, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 9,887 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the transaction, the insider now owns 47,931 shares in the company, valued at approximately $3,613,038.78. This trade represents a 17.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 503,041 shares of company stock valued at $41,072,558 over the last three months. 6.30% of the stock is owned by company insiders.

Analyst Ratings Changes

SCHW has been the topic of a number of analyst reports. Truist Financial lowered their target price on shares of Charles Schwab from $85.00 to $84.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Citigroup raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and increased their price objective for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. UBS Group raised their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Finally, Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Charles Schwab presently has a consensus rating of "Moderate Buy" and an average target price of $87.22.

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.