Bokf Na Sells 5,535 Shares of The Charles Schwab Co. (NYSE:SCHW)

Bokf Na decreased its stake in The Charles Schwab Co. (NYSE:SCHW) by 22.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 18,949 shares of the financial services provider’s stock after selling 5,535 shares during the quarter. Bokf Na’s holdings in Charles Schwab were worth $1,379,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brevan Howard Capital Management LP boosted its holdings in shares of Charles Schwab by 1,043.2% in the 4th quarter. Brevan Howard Capital Management LP now owns 205,416 shares of the financial services provider’s stock valued at $15,203,000 after buying an additional 187,448 shares during the last quarter. Bridgefront Capital LLC acquired a new stake in Charles Schwab in the 4th quarter valued at about $798,000. Captrust Financial Advisors grew its holdings in Charles Schwab by 14.9% during the fourth quarter. Captrust Financial Advisors now owns 266,342 shares of the financial services provider’s stock worth $19,712,000 after purchasing an additional 34,451 shares during the period. Cary Street Partners Financial LLC bought a new stake in Charles Schwab in the fourth quarter valued at approximately $1,455,000. Finally, Caxton Associates LP acquired a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $603,000. Institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SCHW. Redburn Partners reduced their target price on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Wells Fargo & Company lowered their price objective on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Truist Financial reduced their target price on Charles Schwab from $85.00 to $84.00 and set a “buy” rating on the stock in a report on Monday, April 21st. Finally, Piper Sandler upped their price objective on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Charles Schwab currently has an average rating of “Moderate Buy” and a consensus price target of $87.22.

Charles Schwab Stock Performance

SCHW opened at $84.41 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company’s fifty day moving average price is $77.29 and its two-hundred day moving average price is $77.75. The company has a market cap of $153.08 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $85.19.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period in the prior year, the business posted $0.74 earnings per share. On average, analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.28%. Charles Schwab’s payout ratio is 32.73%.

Insider Activity at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This represents a 35.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan M. Craig sold 9,559 shares of Charles Schwab stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $82.00, for a total value of $783,838.00. The disclosure for this sale can be found here. Insiders have sold 503,041 shares of company stock valued at $41,072,558 over the last ninety days. Corporate insiders own 6.30% of the company’s stock.

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.