The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Bokf Na

Bokf Na lifted its stake in The Charles Schwab Co. (NYSE:SCHW) by 23.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,721 shares of the financial services provider’s stock after buying an additional 4,652 shares during the period. Bokf Na’s holdings in Charles Schwab were worth $1,822,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. International Assets Investment Management LLC raised its stake in shares of Charles Schwab by 5.9% during the fourth quarter. International Assets Investment Management LLC now owns 10,994 shares of the financial services provider’s stock valued at $756,000 after purchasing an additional 612 shares during the period. Gryphon Financial Partners LLC acquired a new position in Charles Schwab in the 4th quarter worth $466,000. Financial Advocates Investment Management purchased a new position in Charles Schwab in the 4th quarter valued at about $296,000. Level Four Advisory Services LLC grew its stake in shares of Charles Schwab by 11.9% during the fourth quarter. Level Four Advisory Services LLC now owns 7,743 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 822 shares in the last quarter. Finally, Verity Asset Management Inc. purchased a new stake in shares of Charles Schwab during the fourth quarter worth about $297,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity

In other Charles Schwab news, CEO Walter W. Bettinger bought 25,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were purchased at an average cost of $66.26 per share, for a total transaction of $1,656,500.00. Following the transaction, the chief executive officer now directly owns 827,377 shares in the company, valued at $54,822,000.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Walter W. Bettinger bought 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The stock was purchased at an average price of $66.26 per share, for a total transaction of $1,656,500.00. Following the transaction, the chief executive officer now directly owns 827,377 shares of the company’s stock, valued at approximately $54,822,000.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 67,386 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the sale, the chairman now owns 60,619,371 shares in the company, valued at $3,946,927,245.81. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,636 shares of company stock valued at $6,533,064. Insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. TD Cowen restated a “hold” rating and set a $71.00 price objective (down previously from $88.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. StockNews.com downgraded shares of Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. JMP Securities cut their price target on shares of Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating on the stock in a report on Tuesday, July 23rd. Bank of America decreased their price objective on shares of Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a report on Wednesday, July 17th. Finally, Barclays reduced their price target on shares of Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $73.75.

Charles Schwab Trading Up 0.6 %

NYSE:SCHW opened at $62.12 on Friday. The Charles Schwab Co. has a 12-month low of $48.66 and a 12-month high of $79.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42. The business has a 50 day simple moving average of $65.33 and a 200 day simple moving average of $70.04. The firm has a market capitalization of $110.48 billion, a P/E ratio of 25.99, a P/E/G ratio of 1.19 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The business had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Equities research analysts predict that The Charles Schwab Co. will post 3.05 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a $0.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.61%. Charles Schwab’s payout ratio is currently 41.84%.

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.