Hills Bank & Trust Co. raised its position in Charles Schwab Corp (NYSE:SCHW) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,704 shares of the financial services provider’s stock after buying an additional 253 shares during the period. Hills Bank & Trust Co.’s holdings in Charles Schwab Corp were worth $1,253,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. First Bank & Trust acquired a new position in shares of Charles Schwab Corp during the fourth quarter worth about $119,000. Financial Architects Inc increased its position in Charles Schwab Corp by 10.6% in the third quarter. Financial Architects Inc now owns 4,168 shares of the financial services provider’s stock valued at $132,000 after buying an additional 400 shares during the last quarter. Cornerstone Advisors Inc. increased its position in Charles Schwab Corp by 38.0% in the third quarter. Cornerstone Advisors Inc. now owns 4,482 shares of the financial services provider’s stock valued at $141,000 after buying an additional 1,235 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. purchased a new position in Charles Schwab Corp during the first quarter valued at $154,000. Finally, Global X Management Co. LLC increased its position in Charles Schwab Corp by 141.3% in the third quarter. Global X Management Co. LLC now owns 5,049 shares of the financial services provider’s stock valued at $159,000 after buying an additional 2,957 shares during the last quarter. 78.34% of the stock is owned by institutional investors and hedge funds.
Shares of Charles Schwab Corp (NYSE:SCHW) traded down 0.65% during trading on Friday, hitting $38.43. The stock had a trading volume of 1,364,211 shares. The stock has a market cap of $51.30 billion, a price-to-earnings ratio of 29.34 and a beta of 1.78. The stock’s 50-day moving average price is $40.64 and its 200 day moving average price is $38.54. Charles Schwab Corp has a one year low of $23.83 and a one year high of $43.65.
Charles Schwab Corp (NYSE:SCHW) last announced its earnings results on Tuesday, April 18th. The financial services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The business earned $2.08 billion during the quarter, compared to the consensus estimate of $2.06 billion. Charles Schwab Corp had a net margin of 25.26% and a return on equity of 14.65%. Charles Schwab Corp’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. On average, equities analysts forecast that Charles Schwab Corp will post $1.61 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Friday, May 12th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.83%. Charles Schwab Corp’s payout ratio is 24.62%.
A number of brokerages have commented on SCHW. Zacks Investment Research cut Charles Schwab Corp from a “buy” rating to a “hold” rating in a report on Wednesday, February 8th. Instinet reiterated a “conviction-buy” rating and set a $46.00 target price (up previously from $44.00) on shares of Charles Schwab Corp in a report on Friday, April 14th. SunTrust Banks, Inc. increased their target price on Charles Schwab Corp from $44.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, March 14th. Nomura restated a “buy” rating and set a $46.00 price objective on shares of Charles Schwab Corp in a report on Tuesday, April 11th. Finally, Jefferies Group LLC decreased their price objective on Charles Schwab Corp to $48.00 and set a “buy” rating on the stock in a report on Friday, February 3rd. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.03.
In other Charles Schwab Corp news, EVP Bernard J. Clark sold 25,300 shares of Charles Schwab Corp stock in a transaction dated Tuesday, January 24th. The shares were sold at an average price of $42.03, for a total value of $1,063,359.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marie A. Chandoha sold 6,677 shares of Charles Schwab Corp stock in a transaction dated Tuesday, January 24th. The stock was sold at an average price of $42.03, for a total transaction of $280,634.31. The disclosure for this sale can be found here. Insiders have sold a total of 1,236,884 shares of company stock valued at $51,651,761 in the last ninety days. 12.60% of the stock is currently owned by insiders.
Charles Schwab Corp Company Profile
The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.
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