The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Citizens Business Bank

Citizens Business Bank trimmed its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.4% during the fourth quarter, Holdings Channel reports. The firm owned 35,746 shares of the financial services provider’s stock after selling 2,046 shares during the period. Citizens Business Bank’s holdings in Charles Schwab were worth $2,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Sugarloaf Wealth Management LLC increased its position in Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares during the period. Wetzel Investment Advisors Inc. acquired a new stake in shares of Charles Schwab in the 4th quarter worth about $31,000. Hall Laurie J Trustee bought a new stake in Charles Schwab in the 4th quarter valued at about $34,000. Providence Capital Advisors LLC acquired a new position in Charles Schwab during the 3rd quarter valued at about $28,000. Finally, Glass Jacobson Investment Advisors llc grew its position in Charles Schwab by 81.0% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 268 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE:SCHW traded down $0.62 on Tuesday, reaching $73.94. 6,725,134 shares of the company traded hands, compared to its average volume of 7,696,079. The stock has a market capitalization of $131.32 billion, a PE ratio of 30.94, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The company’s 50 day moving average is $69.89 and its 200-day moving average is $64.17. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $75.55.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio is 41.84%.

Insider Activity at Charles Schwab

In other news, CFO Peter B. Crawford sold 5,481 shares of Charles Schwab stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total value of $413,870.31. Following the transaction, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at $4,573,414.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Peter B. Crawford sold 5,481 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total transaction of $413,870.31. Following the completion of the sale, the chief financial officer now directly owns 60,567 shares in the company, valued at $4,573,414.17. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 89,275 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total value of $6,661,700.50. Following the sale, the chairman now owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The disclosure for this sale can be found here. Insiders sold 394,648 shares of company stock worth $27,400,905 in the last quarter. 6.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SCHW has been the subject of several analyst reports. Raymond James reduced their price objective on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $71.00 target price (up previously from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Citigroup boosted their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a report on Tuesday, April 16th. Finally, StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $74.47.

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.