The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Fiduciary Trust Co

Fiduciary Trust Co lifted its position in The Charles Schwab Co. (NYSE:SCHWFree Report) by 19.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,968 shares of the financial services provider’s stock after purchasing an additional 1,451 shares during the period. Fiduciary Trust Co’s holdings in Charles Schwab were worth $617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Providence Capital Advisors LLC acquired a new position in shares of Charles Schwab in the 3rd quarter valued at $28,000. Sugarloaf Wealth Management LLC increased its holdings in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 165 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in Charles Schwab in the 4th quarter worth $30,000. Wetzel Investment Advisors Inc. purchased a new stake in Charles Schwab in the 4th quarter worth $31,000. Finally, Hall Laurie J Trustee purchased a new stake in Charles Schwab in the 4th quarter worth $34,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Up 1.9 %

Shares of SCHW opened at $71.88 on Friday. The stock has a market capitalization of $127.75 billion, a PE ratio of 30.08, a P/E/G ratio of 1.06 and a beta of 0.98. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The company’s 50-day simple moving average is $73.77 and its 200-day simple moving average is $67.63.

Charles Schwab (NYSE:SCHWGet Free Report) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. Analysts forecast that The Charles Schwab Co. will post 3.31 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a $0.25 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.39%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Wall Street Analyst Weigh In

Several brokerages recently commented on SCHW. Bank of America boosted their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods upped their target price on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. TD Cowen dropped their target price on shares of Charles Schwab from $92.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. JMP Securities reaffirmed a “market outperform” rating and set a $80.00 target price on shares of Charles Schwab in a report on Tuesday. Finally, Morgan Stanley upped their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $75.12.

Read Our Latest Stock Analysis on SCHW

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total value of $2,033,389.80. Following the transaction, the insider now directly owns 81,446 shares in the company, valued at $5,522,038.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Charles Schwab news, CFO Peter B. Crawford sold 5,482 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $73.46, for a total value of $402,707.72. Following the transaction, the chief financial officer now directly owns 60,567 shares in the company, valued at $4,449,251.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the completion of the transaction, the insider now owns 81,446 shares in the company, valued at $5,522,038.80. The disclosure for this sale can be found here. Insiders have sold a total of 685,467 shares of company stock valued at $50,752,095 over the last 90 days. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Company Profile

(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.

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

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