MidWestOne Financial Group Inc. Reduces Holdings in The Charles Schwab Co. (NYSE:SCHW)

MidWestOne Financial Group Inc. decreased its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 17.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 18,941 shares of the financial services provider's stock after selling 3,958 shares during the period. MidWestOne Financial Group Inc.'s holdings in Charles Schwab were worth $1,402,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on SCHW. TD Cowen upgraded shares of Charles Schwab from a "hold" rating to a "buy" rating and lifted their target price for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Wells Fargo & Company dropped their price objective on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group raised Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. raised their target price on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Finally, TD Securities upped their price target on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.63.

Charles Schwab Trading Up 0.2%

Shares of Charles Schwab stock traded up $0.13 during midday trading on Monday, reaching $87.44. The company had a trading volume of 5,150,130 shares, compared to its average volume of 9,392,108. The stock has a fifty day moving average price of $79.97 and a 200 day moving average price of $79.02. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $89.85. The firm has a market cap of $158.88 billion, a PE ratio of 29.25, a P/E/G ratio of 0.99 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

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

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.24%. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Insiders Place Their Bets

In other news, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the transaction, the director now owns 172,162 shares in the company, valued at approximately $12,784,750.12. This represents a 2.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 9,887 shares of Charles Schwab stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the completion of the transaction, the insider now owns 47,931 shares of the company's stock, valued at $3,613,038.78. This represents a 17.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,088 shares of company stock worth $8,105,928. Insiders own 6.30% of the company's stock.

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.