Central Bank & Trust Co. Has $3.06 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Central Bank & Trust Co. lowered its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 8.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 39,031 shares of the financial services provider's stock after selling 3,790 shares during the period. Central Bank & Trust Co.'s holdings in Charles Schwab were worth $3,055,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Charles Schwab during the fourth quarter worth approximately $38,000. Atala Financial Inc bought a new position in Charles Schwab in the fourth quarter valued at approximately $41,000. Investors Research Corp boosted its stake in Charles Schwab by 75.2% in the first quarter. Investors Research Corp now owns 559 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 240 shares during the last quarter. Knuff & Co LLC boosted its stake in Charles Schwab by 1,309.3% in the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 563 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in Charles Schwab in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Analyst Ratings Changes

SCHW has been the subject of several research analyst reports. Piper Sandler boosted their price target on shares of Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Wells Fargo & Company cut their price objective on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. JMP Securities reissued a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a research report on Monday, April 21st. Truist Financial upped their target price on shares of Charles Schwab from $84.00 to $97.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, Morgan Stanley upped their target price on shares of Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $89.63.

Charles Schwab Stock Performance

Shares of NYSE:SCHW opened at $88.25 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a market cap of $160.35 billion, a PE ratio of 29.52, a PEG ratio of 0.99 and a beta of 0.94. The company's 50 day moving average price is $81.74 and its two-hundred day moving average price is $79.63. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $89.85.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same quarter last year, the business posted $0.74 EPS. Equities research analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, May 9th. Charles Schwab's payout ratio is 32.73%.

Insider Activity at Charles Schwab

In related news, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the transaction, the director now owns 172,162 shares of the company's stock, valued at $12,784,750.12. This represents a 2.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total transaction of $261,713.40. Following the transaction, the insider now directly owns 45,824 shares of the company's stock, valued at $3,548,152.32. The trade was a 6.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,608 shares of company stock valued at $8,392,040 in the last quarter. Insiders own 6.30% of the company's stock.

Charles Schwab 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.

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