Parkside Financial Bank & Trust Boosts Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Parkside Financial Bank & Trust lifted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,167 shares of the financial services provider’s stock after purchasing an additional 1,228 shares during the period. Parkside Financial Bank & Trust’s holdings in Charles Schwab were worth $562,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SCHW. International Assets Investment Management LLC lifted its holdings in Charles Schwab by 49.0% in the third quarter. International Assets Investment Management LLC now owns 10,382 shares of the financial services provider’s stock worth $565,000 after buying an additional 3,412 shares during the period. Ritholtz Wealth Management lifted its holdings in Charles Schwab by 81.9% in the third quarter. Ritholtz Wealth Management now owns 13,596 shares of the financial services provider’s stock worth $746,000 after buying an additional 6,121 shares during the period. Capital Investment Advisors LLC lifted its holdings in Charles Schwab by 5.1% in the third quarter. Capital Investment Advisors LLC now owns 5,239 shares of the financial services provider’s stock worth $288,000 after buying an additional 256 shares during the period. Kozak & Associates Inc. lifted its holdings in Charles Schwab by 44.0% in the third quarter. Kozak & Associates Inc. now owns 99,879 shares of the financial services provider’s stock worth $5,146,000 after buying an additional 30,501 shares during the period. Finally, Leonard Rickey Investment Advisors P.L.L.C. lifted its holdings in Charles Schwab by 14.9% in the third quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 5,451 shares of the financial services provider’s stock worth $299,000 after buying an additional 708 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

SCHW stock traded up $0.73 on Tuesday, hitting $74.99. The company had a trading volume of 5,928,797 shares, compared to its average volume of 7,753,391. The Charles Schwab Co. has a 12-month low of $45.65 and a 12-month high of $75.37. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The stock’s 50-day simple moving average is $68.77 and its 200 day simple moving average is $63.35. The stock has a market cap of $133.19 billion, a price-to-earnings ratio of 31.41, a P/E/G ratio of 1.07 and a beta of 1.01.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Analyst Upgrades and Downgrades

Several brokerages have commented on SCHW. Bank of America raised their price objective 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. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Morgan Stanley raised their price objective 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. Piper Sandler raised their target price on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $74.47.

Insider Transactions at Charles Schwab

In other news, Chairman Charles R. Schwab sold 16,390 shares of Charles Schwab stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the transaction, the chairman now owns 61,331,688 shares in the company, valued at approximately $3,921,548,130.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Jonathan M. Craig sold 4,977 shares of Charles Schwab stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total transaction of $348,439.77. Following the transaction, the insider now owns 81,446 shares in the company, valued at approximately $5,702,034.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 16,390 shares of Charles Schwab stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the transaction, the chairman now owns 61,331,688 shares in the company, valued at approximately $3,921,548,130.72. The disclosure for this sale can be found here. Insiders have sold 316,282 shares of company stock worth $21,373,311 in the last 90 days. 6.60% of the stock is currently owned by insiders.

Charles Schwab 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.