NBT Bank N A NY Raises Stock Holdings in The Charles Schwab Corporation (NYSE:SCHW)

NBT Bank N A NY grew its stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 29.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,365 shares of the financial services provider's stock after buying an additional 2,822 shares during the period. NBT Bank N A NY's holdings in Charles Schwab were worth $968,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Atwood & Palmer Inc. bought a new stake in Charles Schwab during the first quarter valued at about $25,000. WFA Asset Management Corp purchased a new stake in shares of Charles Schwab during the first quarter worth about $33,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Charles Schwab during the fourth quarter worth about $38,000. Atala Financial Inc bought a new stake in Charles Schwab during the 4th quarter valued at approximately $41,000. Finally, Investors Research Corp lifted its holdings 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. 84.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total transaction of $261,713.40. Following the completion of the sale, the insider now owns 45,824 shares in the company, valued at $3,548,152.32. This trade represents a 6.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jonathan M. Craig sold 47,500 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $88.46, for a total transaction of $4,201,850.00. The disclosure for this sale can be found here. Insiders have sold 97,608 shares of company stock valued at $8,392,040 in the last ninety days. 6.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. TD Cowen raised shares of Charles Schwab from a "hold" rating to a "buy" rating and increased their price objective for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Wells Fargo & Company dropped their target price on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Cowen reaffirmed a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. UBS Group boosted their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab has a consensus rating of "Moderate Buy" and a consensus target price of $89.40.

Charles Schwab Price Performance

Shares of Charles Schwab stock opened at $88.95 on Wednesday. The stock has a market cap of $161.61 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 0.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a 50 day moving average price of $83.96 and a 200-day moving average price of $79.94. The Charles Schwab Corporation has a one year low of $61.01 and a one year high of $89.85.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period last year, the company earned $0.74 earnings per share. Equities analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.21%. Charles Schwab's payout ratio is 32.73%.

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.

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