Bokf Na Cuts Stake in The Charles Schwab Co. (NYSE:SCHW)

BOKF NA lessened its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 22.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,949 shares of the financial services provider's stock after selling 5,535 shares during the quarter. BOKF NA's holdings in Charles Schwab were worth $1,379,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SCHW. Gladstone Institutional Advisory LLC raised its holdings in Charles Schwab by 2.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock valued at $462,000 after buying an additional 124 shares during the last quarter. N.E.W. Advisory Services LLC raised its holdings in Charles Schwab by 1.7% in the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock valued at $557,000 after buying an additional 125 shares during the last quarter. Klingman & Associates LLC raised its holdings in Charles Schwab by 3.2% during the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock worth $302,000 after purchasing an additional 125 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in Charles Schwab by 2.7% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock worth $353,000 after purchasing an additional 127 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its holdings in Charles Schwab by 1.2% during the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock worth $832,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Buying and Selling at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares in the company, valued at $67,770,450.07. The trade was a 35.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the sale, the director now owns 172,162 shares of the company's stock, valued at approximately $12,784,750.12. This trade represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 503,041 shares of company stock valued at $41,072,558 over the last three months. 6.30% of the stock is currently owned by insiders.

Charles Schwab Stock Up 1.0%

SCHW traded up $0.85 during mid-day trading on Monday, reaching $85.32. 9,421,246 shares of the stock were exchanged, compared to its average volume of 9,413,174. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $87.84. The stock has a market capitalization of $154.73 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The company has a 50 day moving average price of $77.48 and a two-hundred day moving average price of $77.92. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same quarter last year, the company posted $0.74 earnings per share. As a group, research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is 32.73%.

Analyst Ratings Changes

SCHW has been the subject of several analyst reports. UBS Group raised their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Barclays cut their target price on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Wells Fargo & Company reduced their target price on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and raised their target price for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $87.22.

Charles Schwab Company 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.