The Charles Schwab Co. (NYSE:SCHW) Stock Holdings Increased by National Bank of Canada FI

National Bank of Canada FI raised its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 793,224 shares of the financial services provider's stock after purchasing an additional 54,929 shares during the quarter. National Bank of Canada FI's holdings in Charles Schwab were worth $54,803,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SCHW. Providence Capital Advisors LLC acquired a new stake in Charles Schwab during the 3rd quarter worth about $28,000. Sugarloaf Wealth Management LLC lifted its holdings in Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 165 shares during the period. Wetzel Investment Advisors Inc. acquired a new stake in shares of Charles Schwab during the 4th quarter worth approximately $31,000. BluePath Capital Management LLC purchased a new position in shares of Charles Schwab during the 3rd quarter valued at approximately $34,000. Finally, Hall Laurie J Trustee acquired a new position in shares of Charles Schwab in the 4th quarter valued at $34,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Trading Up 0.9 %

Shares of SCHW traded up $0.71 during midday trading on Friday, hitting $76.04. 5,414,735 shares of the stock were exchanged, compared to its average volume of 7,577,556. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $135.05 billion, a P/E ratio of 31.82, a P/E/G ratio of 1.11 and a beta of 0.98. The Charles Schwab Co. has a 52-week low of $45.65 and a 52-week high of $76.47. The stock has a fifty day simple moving average of $70.75 and a 200 day simple moving average of $64.80.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. Charles Schwab's dividend payout ratio (DPR) is presently 41.84%.

Analysts Set New Price Targets

SCHW has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Charles Schwab from $86.00 to $89.00 and gave the company an "overweight" rating in a report on Tuesday, April 16th. Piper Sandler increased their target price on shares of Charles Schwab from $75.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, April 12th. Raymond James dropped their price objective on shares of Charles Schwab from $78.00 to $75.00 and set an "outperform" rating for the company in a research note on Thursday, January 18th. Citigroup boosted their target price on Charles Schwab from $70.00 to $75.00 and gave the stock a "neutral" rating in a report on Thursday, April 11th. Finally, Barclays increased their price target on Charles Schwab from $74.00 to $75.00 and gave the company an "equal weight" rating in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $74.47.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the completion of the transaction, the director now owns 585,057 shares in the company, valued at $38,198,371.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total value of $587,610.00. Following the completion of the transaction, the director now owns 585,057 shares in the company, valued at approximately $38,198,371.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Charles R. Schwab sold 71,226 shares of Charles Schwab stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the completion of the transaction, the chairman now owns 61,251,038 shares of the company's stock, valued at approximately $3,980,704,959.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 514,459 shares of company stock valued at $36,371,155. 6.60% of the stock is currently owned by corporate insiders.

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.