First Hawaiian Bank Has $8.16 Million Stock Position in The Charles Schwab Corporation $SCHW

Key Points

• First Hawaiian Bank increased its stake in The Charles Schwab Corporation by 5.2%, owning 104,185 shares valued at approximately $8.16 million as of the latest SEC filing.
• Insiders have sold a total of 298,214 shares of Charles Schwab stock worth about $29 million in the last 90 days, indicating notable insider activity.
• Charles Schwab's stock currently has an average rating of "Moderate Buy" from analysts, with a target price of $99.60, reflecting positive market expectations.

First Hawaiian Bank boosted its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 5.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,185 shares of the financial services provider's stock after buying an additional 5,135 shares during the period. First Hawaiian Bank's holdings in Charles Schwab were worth $8,156,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Bain Capital Public Equity Management II LLC acquired a new position in Charles Schwab during the first quarter valued at $79,605,000. Independent Advisor Alliance raised its position in Charles Schwab by 13.8% during the first quarter. Independent Advisor Alliance now owns 39,103 shares of the financial services provider's stock valued at $3,061,000 after buying an additional 4,754 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its position in Charles Schwab by 6.2% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,181,563 shares of the financial services provider's stock valued at $92,493,000 after buying an additional 68,858 shares during the period. World Investment Advisors raised its position in Charles Schwab by 7.6% during the first quarter. World Investment Advisors now owns 163,007 shares of the financial services provider's stock valued at $12,760,000 after buying an additional 11,505 shares during the period. Finally, United Services Automobile Association raised its position in Charles Schwab by 14.1% during the first quarter. United Services Automobile Association now owns 39,512 shares of the financial services provider's stock valued at $3,074,000 after buying an additional 4,869 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 173,876 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $98.84, for a total transaction of $17,185,903.84. Following the completion of the sale, the chairman owned 590,734 shares in the company, valued at approximately $58,388,148.56. This represents a 22.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 50,016 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $97.00, for a total value of $4,851,552.00. The disclosure for this sale can be found here. Insiders have sold a total of 298,214 shares of company stock worth $29,022,580 in the last 90 days. Insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SCHW. Wells Fargo & Company set a $102.00 target price on Charles Schwab and gave the stock an "overweight" rating in a research report on Friday, July 18th. Redburn Atlantic raised Charles Schwab from a "sell" rating to a "neutral" rating and upped their target price for the stock from $65.00 to $82.00 in a research report on Monday, June 9th. JMP Securities upped their target price on Charles Schwab from $106.00 to $110.00 and gave the stock a "market outperform" rating in a research report on Monday, July 21st. Bank of America upped their target price on Charles Schwab from $83.00 to $84.00 and gave the stock an "underperform" rating in a research report on Monday, July 21st. Finally, Cowen reaffirmed a "buy" rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Sixteen analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $99.60.

Charles Schwab Stock Performance

SCHW opened at $93.90 on Friday. The company has a market cap of $170.45 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 0.91 and a beta of 0.96. The stock has a 50-day moving average of $95.36 and a 200-day moving average of $86.66. The Charles Schwab Corporation has a 52-week low of $61.16 and a 52-week high of $99.59. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.55 and a current ratio of 0.55.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.04. The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.64 billion. Charles Schwab had a return on equity of 19.30% and a net margin of 33.68%.The firm's revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 EPS. As a group, equities research analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab announced that its Board of Directors has authorized a stock repurchase plan on Thursday, July 24th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 11.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 8th. Charles Schwab's dividend payout ratio is 29.03%.

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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