First Hawaiian Bank Acquires 5,135 Shares of The Charles Schwab Co. (NYSE:SCHW)

First Hawaiian Bank raised its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 5.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,185 shares of the financial services provider's stock after acquiring an additional 5,135 shares during the period. First Hawaiian Bank's holdings in Charles Schwab were worth $8,156,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $38,000. Atala Financial Inc acquired a new position in Charles Schwab in the 4th quarter valued at $41,000. Knuff & Co LLC lifted its position in shares of Charles Schwab by 1,309.3% during the 4th 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 period. Financial Life Planners acquired a new stake in shares of Charles Schwab during the 4th quarter worth $46,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Charles Schwab in the fourth quarter worth $46,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan M. Craig sold 47,500 shares of the firm'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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the transaction, the director now owns 172,162 shares of the company's stock, valued at $12,784,750.12. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,735 shares of company stock worth $8,867,382. 6.30% of the stock is currently owned by insiders.

Charles Schwab Trading Up 0.7%

Charles Schwab stock traded up $0.59 during trading hours on Friday, hitting $88.35. The stock had a trading volume of 11,834,362 shares, compared to its average volume of 9,398,983. 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 stock has a market cap of $160.53 billion, a price-to-earnings ratio of 29.55, a P/E/G ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $89.85. The business's 50 day simple moving average is $80.83 and its 200-day simple moving average is $79.37.

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

Charles Schwab Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on SCHW. Wells Fargo & Company cut their price objective 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. Piper Sandler boosted their target price on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. The Goldman Sachs Group upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research report on Friday, April 25th. TD Securities lifted their price objective on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Cowen restated a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Two equities 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, Charles Schwab presently has an average rating of "Moderate Buy" and a consensus price target of $89.63.

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.