Iowa State Bank Boosts Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Iowa State Bank grew its holdings in The Charles Schwab Co. (NYSE:SCHW) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,860 shares of the financial services provider’s stock after purchasing an additional 1,384 shares during the period. Iowa State Bank’s holdings in Charles Schwab were worth $2,210,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Washington Trust Advisors Inc. grew its stake in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Charles Schwab during the third quarter valued at approximately $25,000. Prospera Private Wealth LLC acquired a new stake in Charles Schwab in the third quarter valued at approximately $31,000. Future Financial Wealth Managment LLC acquired a new position in shares of Charles Schwab during the third quarter worth $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in Charles Schwab during the 3rd quarter valued at about $33,000. 84.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on SCHW. Cowen boosted their target price on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Bank of America lowered their price target on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research report on Wednesday, October 16th. Barclays upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $74.00 to $95.00 in a research note on Monday, December 9th. Raymond James dropped their target price on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $80.50.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now owns 18,069 shares of the company’s stock, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the sale, the director now directly owns 442,807 shares in the company, valued at $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 118,968 shares of company stock valued at $8,842,821. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 0.4 %

Charles Schwab stock traded up $0.33 during trading on Monday, reaching $74.78. 2,924,696 shares of the company’s stock were exchanged, compared to its average volume of 4,387,413. The company’s 50-day moving average is $77.40 and its two-hundred day moving average is $70.61. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a 52-week low of $59.67 and a 52-week high of $83.35. The firm has a market cap of $133.08 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 1.76 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the previous year, the company posted $0.77 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts predict that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio is currently 39.06%.

Charles Schwab Company Profile

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.