First Interstate Bank Sells 1,123 Shares of The Charles Schwab Co. (NYSE:SCHW)

First Interstate Bank lessened its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 63,894 shares of the financial services provider’s stock after selling 1,123 shares during the period. First Interstate Bank’s holdings in Charles Schwab were worth $4,396,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Investment Research & Advisory Group Inc. boosted its stake in Charles Schwab by 1.0% during the fourth quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock valued at $4,058,000 after buying an additional 607 shares during the last quarter. Bamco Inc. NY boosted its stake in Charles Schwab by 0.5% during the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock valued at $444,826,000 after buying an additional 42,588 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Charles Schwab by 43.2% during the third quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock valued at $30,287,000 after buying an additional 166,316 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Charles Schwab by 22.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock valued at $60,776,000 after buying an additional 160,719 shares during the last quarter. Finally, 180 Wealth Advisors LLC boosted its stake in Charles Schwab by 6.1% during the third quarter. 180 Wealth Advisors LLC now owns 32,214 shares of the financial services provider’s stock valued at $1,769,000 after buying an additional 1,843 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JMP Securities reissued a “market outperform” rating and set a $80.00 price target on shares of Charles Schwab in a research note on Tuesday. Raymond James decreased their price objective on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. JPMorgan Chase & Co. upped their price objective on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Finally, StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and an average price target of $74.47.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the sale, the chief financial officer now owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the sale, the chief financial officer now owns 37,611 shares in the company, valued at $2,425,533.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Charles R. Schwab sold 16,390 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total value of $1,047,976.60. Following the sale, 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. In the last 90 days, insiders have sold 216,584 shares of company stock valued at $14,200,769. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Trading Up 2.6 %

SCHW traded up $1.82 during trading on Tuesday, hitting $73.05. 12,019,778 shares of the stock were exchanged, compared to its average volume of 7,720,478. The firm has a 50 day simple moving average of $67.74 and a 200 day simple moving average of $62.62. The firm has a market cap of $129.74 billion, a price-to-earnings ratio of 28.28, a P/E/G ratio of 1.06 and a beta of 1.01. The Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $73.65. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. The business had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The business’s revenue for the quarter was down 18.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 EPS. As a group, equities analysts expect that The Charles Schwab Co. will post 3.4 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.00 annualized dividend and a yield of 1.37%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.37%.

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.