NBC Securities Inc. Has $946,000 Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

NBC Securities Inc. boosted its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 109,827.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 12,092 shares of the financial services provider's stock after purchasing an additional 12,081 shares during the period. NBC Securities Inc.'s holdings in Charles Schwab were worth $946,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Charles Schwab during the fourth quarter worth $38,000. Atala Financial Inc bought a new position in Charles Schwab during the fourth quarter worth about $41,000. Investors Research Corp raised its stake in Charles Schwab by 75.2% in the 1st quarter. Investors Research Corp now owns 559 shares of the financial services provider's stock worth $44,000 after purchasing an additional 240 shares in the last quarter. Knuff & Co LLC boosted 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 valued at $45,000 after purchasing an additional 563 shares during the period. Finally, Financial Life Planners acquired a new position in shares of Charles Schwab during the 4th quarter worth approximately $46,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Wells Fargo & Company reduced their target price on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a report 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 target for the company in a research note on Friday, April 25th. Cowen reiterated a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Finally, TD Securities increased their price objective on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.63.

Charles Schwab Price Performance

SCHW stock traded down $0.32 during midday trading on Thursday, reaching $87.17. 6,171,915 shares of the stock were exchanged, compared to its average volume of 9,389,328. The stock has a market capitalization of $158.38 billion, a PE ratio of 29.15, a P/E/G ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $89.85. 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 company has a fifty day moving average price of $81.35 and a 200 day moving average price of $79.54.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share 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 analyst estimates of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same quarter in the previous year, the company posted $0.74 EPS. As a group, analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

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

Insiders Place Their Bets

In other Charles Schwab news, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the transaction, the director now directly owns 172,162 shares of the company's stock, valued at approximately $12,784,750.12. The trade was a 2.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value of $261,713.40. Following the transaction, the insider now directly owns 45,824 shares in the company, valued at $3,548,152.32. The trade was a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,608 shares of company stock valued at $8,392,040. 6.30% of the stock is currently owned by company insiders.

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.