Citizens National Bank Trust Department Decreases Position in The Charles Schwab Co. (NYSE:SCHW)

Citizens National Bank Trust Department lessened its holdings in The Charles Schwab Co. (NYSE:SCHW) by 21.6% during the third quarter, Holdings Channel.com reports. The firm owned 9,455 shares of the financial services provider’s stock after selling 2,610 shares during the quarter. Citizens National Bank Trust Department’s holdings in Charles Schwab were worth $613,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SCHW. Nordea Investment Management AB grew its holdings in Charles Schwab by 5.6% in the 1st quarter. Nordea Investment Management AB now owns 109,354 shares of the financial services provider’s stock worth $7,898,000 after acquiring an additional 5,810 shares during the last quarter. Haverford Trust Co boosted its stake in shares of Charles Schwab by 29.1% during the 1st quarter. Haverford Trust Co now owns 6,580 shares of the financial services provider’s stock valued at $476,000 after purchasing an additional 1,484 shares in the last quarter. Salomon & Ludwin LLC boosted its stake in shares of Charles Schwab by 49.3% during the 1st quarter. Salomon & Ludwin LLC now owns 778 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 257 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Charles Schwab by 6.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 20,866 shares of the financial services provider’s stock valued at $1,509,000 after purchasing an additional 1,217 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Charles Schwab by 0.4% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 54,429 shares of the financial services provider’s stock valued at $3,937,000 after purchasing an additional 231 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of research reports. UBS Group cut their target price on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Citigroup lowered their price target on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, September 27th. Raymond James lowered their price target on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Finally, TD Cowen reissued a “hold” rating and set a $71.00 price target (down from $88.00) on shares of Charles Schwab in a research report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and an average price target of $73.94.

Insider Activity at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.10, for a total transaction of $802,032.00. Following the completion of the sale, the director now directly owns 562,129 shares in the company, valued at approximately $36,594,597.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the transaction, the chairman now directly owns 60,619,371 shares in the company, valued at $4,396,116,784.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.10, for a total transaction of $802,032.00. Following the completion of the transaction, the director now owns 562,129 shares of the company’s stock, valued at approximately $36,594,597.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,465 shares of company stock worth $8,050,109. 6.60% of the stock is owned by company insiders.

Charles Schwab Stock Up 0.2 %

SCHW opened at $70.94 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average price of $66.39 and a 200-day moving average price of $69.48. The Charles Schwab Co. has a twelve month low of $53.49 and a twelve month high of $79.49. The stock has a market capitalization of $126.16 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 1.62 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 earnings per share. Equities research analysts forecast that The Charles Schwab Co. will post 3.11 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.41%. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

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.