Intrust Bank NA Sells 300 Shares of The Charles Schwab Co. (NYSE:SCHW)

Intrust Bank NA lowered its position in The Charles Schwab Co. (NYSE:SCHW) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,434 shares of the financial services provider’s stock after selling 300 shares during the period. Intrust Bank NA’s holdings in Charles Schwab were worth $550,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Allstate Corp bought a new stake in Charles Schwab during the 4th quarter worth approximately $3,514,000. Maridea Wealth Management LLC purchased a new position in shares of Charles Schwab during the 4th quarter valued at $302,000. Brown Brothers Harriman & Co. boosted its holdings in Charles Schwab by 16.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 9,246 shares of the financial services provider’s stock worth $684,000 after buying an additional 1,287 shares during the period. Level Four Advisory Services LLC increased its stake in Charles Schwab by 8.7% in the 4th quarter. Level Four Advisory Services LLC now owns 4,026 shares of the financial services provider’s stock worth $298,000 after buying an additional 321 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its holdings in Charles Schwab by 57.4% during the fourth quarter. Orion Portfolio Solutions LLC now owns 192,191 shares of the financial services provider’s stock valued at $14,224,000 after acquiring an additional 70,126 shares during the period. Institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the transaction, the chairman now owns 827,377 shares in the company, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul V. Woolway sold 8,614 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $80.00, for a total transaction of $689,120.00. Following the completion of the sale, the insider now directly owns 49,204 shares of the company’s stock, valued at approximately $3,936,320. This trade represents a 14.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 509,701 shares of company stock worth $41,641,353. Insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SCHW. Barclays increased their target price on Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. TD Cowen upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and upped their target price for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Piper Sandler lifted their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Truist Financial raised their price objective on Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $86.33.

Charles Schwab Stock Performance

Charles Schwab stock opened at $77.79 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $141.08 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50. The company’s 50-day moving average is $79.55 and its 200 day moving average is $75.36.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Research analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.27 per share. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab’s payout ratio is currently 36.12%.

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.