Citizens Financial Group Inc. RI Purchases 328 Shares of The Charles Schwab Co. (NYSE:SCHW)

Citizens Financial Group Inc. RI raised its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,200 shares of the financial services provider’s stock after acquiring an additional 328 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Charles Schwab were worth $6,825,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Investment Research & Advisory Group Inc. boosted its position in shares of Charles Schwab by 1.0% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock worth $4,058,000 after purchasing an additional 607 shares in the last quarter. Bamco Inc. NY boosted its position in shares of Charles Schwab by 0.5% during the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after purchasing an additional 42,588 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Charles Schwab by 43.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock worth $30,287,000 after purchasing an additional 166,316 shares in the last quarter. Wright Investors Service Inc. boosted its position in shares of Charles Schwab by 9.3% during the 4th quarter. Wright Investors Service Inc. now owns 47,164 shares of the financial services provider’s stock worth $3,245,000 after purchasing an additional 4,001 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Charles Schwab by 22.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after purchasing an additional 160,719 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Up 0.1 %

NYSE:SCHW opened at $74.99 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $133.19 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $75.55. The firm has a 50-day moving average price of $69.68 and a two-hundred day moving average price of $63.92.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. Charles Schwab’s payout ratio is currently 41.84%.

Insider Transactions at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total transaction of $587,610.00. Following the completion of the sale, the director now owns 585,057 shares in the company, valued at approximately $38,198,371.53. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the completion of the transaction, the director now directly owns 585,057 shares of the company’s stock, valued at approximately $38,198,371.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 71,226 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the completion of the transaction, the chairman now directly owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The disclosure for this sale can be found here. Insiders sold a total of 394,648 shares of company stock worth $27,400,905 in the last quarter. Insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Piper Sandler increased their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. raised their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Barclays raised their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 16th. Finally, Bank of America raised their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and an average price target 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.