Moody National Bank Trust Division Sells 23,997 Shares of The Charles Schwab Co. (NYSE:SCHW)

Moody National Bank Trust Division lowered its stake in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) by 43.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,951 shares of the financial services provider’s stock after selling 23,997 shares during the period. Moody National Bank Trust Division’s holdings in Charles Schwab were worth $2,129,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vontobel Holding Ltd. increased its stake in shares of Charles Schwab by 7.5% during the 1st quarter. Vontobel Holding Ltd. now owns 20,822 shares of the financial services provider’s stock worth $1,847,000 after purchasing an additional 1,452 shares during the last quarter. Moors & Cabot Inc. increased its position in Charles Schwab by 4.3% during the first quarter. Moors & Cabot Inc. now owns 6,263 shares of the financial services provider’s stock worth $528,000 after buying an additional 259 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Charles Schwab by 25.4% in the first quarter. Sequoia Financial Advisors LLC now owns 13,064 shares of the financial services provider’s stock valued at $1,101,000 after buying an additional 2,648 shares during the period. Brighton Jones LLC lifted its position in shares of Charles Schwab by 7.5% in the first quarter. Brighton Jones LLC now owns 3,807 shares of the financial services provider’s stock valued at $321,000 after buying an additional 267 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Charles Schwab by 16.6% during the 1st quarter. Covestor Ltd now owns 1,239 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 176 shares during the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.

Charles Schwab Price Performance

NYSE:SCHW traded up $1.33 during mid-day trading on Wednesday, reaching $69.68. The stock had a trading volume of 6,833,716 shares, compared to its average volume of 7,874,061. The stock has a 50-day simple moving average of $64.84 and a two-hundred day simple moving average of $60.76. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $71.40. The stock has a market capitalization of $123.58 billion, a PE ratio of 27.43, a P/E/G ratio of 1.31 and a beta of 1.00.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The company had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. Charles Schwab’s revenue was down 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.07 EPS. On average, equities analysts anticipate that The Charles Schwab Co. will post 3.34 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 39.37%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SCHW. Deutsche Bank Aktiengesellschaft raised their price target on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday. Raymond James lowered their price target on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. UBS Group boosted their price objective on Charles Schwab from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Barclays increased their target price on Charles Schwab from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. Finally, Redburn Atlantic started coverage on Charles Schwab in a research note on Friday, December 1st. They issued a “sell” rating and a $52.00 price target for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and a consensus target price of $70.53.

Get Our Latest Stock Analysis on Charles Schwab

Insider Activity

In related news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the sale, the chief financial officer now owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Peter B. Crawford sold 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.71, for a total value of $361,405.00. Following the sale, the chief financial officer now owns 24,111 shares of the company’s stock, valued at $1,584,333.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the sale, the chief financial officer now directly owns 37,611 shares in the company, valued at approximately $2,425,533.39. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 202,607 shares of company stock worth $13,214,499. Company insiders own 6.60% of the company’s stock.

About Charles Schwab

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Co. (NYSE:SCHWFree Report).

Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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