Northwest Bank & Trust Co Purchases Shares of 8,655 The Charles Schwab Co. (NYSE:SCHW)

Northwest Bank & Trust Co purchased a new stake in The Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,655 shares of the financial services provider’s stock, valued at approximately $595,000.

Several other large investors also recently made changes to their positions in SCHW. Providence Capital Advisors LLC bought a new stake in shares of Charles Schwab during the third quarter worth $28,000. Sugarloaf Wealth Management LLC lifted its stake in shares of Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 165 shares during the period. Frazier Financial Advisors LLC acquired a new position in shares of Charles Schwab during the fourth quarter valued at $30,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Charles Schwab during the fourth quarter valued at $31,000. Finally, Hall Laurie J Trustee acquired a new position in shares of Charles Schwab during the fourth quarter valued at $34,000. Institutional investors own 84.38% of the company’s stock.

Insider Activity

In related news, Chairman Charles R. Schwab sold 89,275 shares of Charles Schwab stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the completion of the sale, the chairman now directly owns 30,641,981 shares of the company’s stock, valued at approximately $2,286,504,622.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Charles Schwab news, General Counsel Peter J. Morgan III sold 24,520 shares of Charles Schwab stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total value of $1,771,079.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Charles R. Schwab sold 89,275 shares of Charles Schwab stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $74.62, for a total value of $6,661,700.50. Following the completion of the transaction, the chairman now directly 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 a total of 663,640 shares of company stock valued at $49,331,005 over the last three months. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Down 0.2 %

SCHW stock traded down $0.14 during mid-day trading on Friday, reaching $73.25. The company had a trading volume of 5,756,153 shares, compared to its average volume of 6,447,748. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a 50 day simple moving average of $74.14 and a two-hundred day simple moving average of $69.07. The company has a market capitalization of $130.19 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 1.12 and a beta of 0.96. The Charles Schwab Co. has a 52 week low of $48.66 and a 52 week high of $79.49.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.71 billion. As a group, equities analysts predict that The Charles Schwab Co. will post 3.26 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a $0.25 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. Charles Schwab’s payout ratio is 41.84%.

Wall Street Analyst Weigh In

SCHW has been the topic of several research reports. JMP Securities reaffirmed a “market outperform” rating and set a $80.00 price target on shares of Charles Schwab in a research note on Tuesday, May 28th. Keefe, Bruyette & Woods increased their target price on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Morgan Stanley increased their target price on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Citigroup increased their target price on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, TD Cowen cut their target price on Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $74.65.

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.