Citizens Business Bank Decreases Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Citizens Business Bank trimmed its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,746 shares of the financial services provider’s stock after selling 2,046 shares during the quarter. Citizens Business Bank’s holdings in Charles Schwab were worth $2,459,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Providence Capital Advisors LLC purchased a new stake in shares of Charles Schwab in the 3rd quarter worth $28,000. Sugarloaf Wealth Management LLC boosted its holdings in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of Charles Schwab during the 4th quarter worth about $31,000. BluePath Capital Management LLC acquired a new stake in Charles Schwab in the third quarter valued at approximately $34,000. Finally, Hall Laurie J Trustee acquired a new stake in Charles Schwab in the 4th quarter valued at $34,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW stock traded down $0.62 during midday trading on Tuesday, reaching $73.94. 6,725,134 shares of the company traded hands, compared to its average volume of 7,696,079. The firm has a market cap of $131.32 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. 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 firm’s 50 day simple moving average is $69.89 and its two-hundred day simple moving average is $64.17. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $75.55.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insider Buying and Selling at Charles Schwab

In related news, CFO Peter B. Crawford sold 5,481 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total value of $413,870.31. Following the sale, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,573,414.17. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Peter B. Crawford sold 8,000 shares of Charles Schwab stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total value of $518,080.00. Following the completion of the sale, the chief financial officer now owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Peter B. Crawford sold 5,481 shares of Charles Schwab stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total value of $413,870.31. Following the completion of the sale, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,573,414.17. The disclosure for this sale can be found here. In the last three months, insiders sold 394,648 shares of company stock worth $27,400,905. 6.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SCHW. Morgan Stanley lifted their price target on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Citigroup raised their price objective on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. TD Cowen boosted their target price on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Piper Sandler increased their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $74.47.

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.