Sunflower Bank N.A. Takes Position in The Charles Schwab Co. (NYSE:SCHW)

Sunflower Bank N.A. bought a new stake in The Charles Schwab Co. (NYSE:SCHW) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 2,701 shares of the financial services provider’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Charles Schwab in the fourth quarter valued at $38,000. Atala Financial Inc acquired a new stake in Charles Schwab in the fourth quarter worth about $41,000. Investors Research Corp increased its position in Charles Schwab by 75.2% in the first quarter. Investors Research Corp now owns 559 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 240 shares during the period. Knuff & Co LLC increased its position in Charles Schwab by 1,309.3% in the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 563 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in Charles Schwab in the fourth quarter worth about $46,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Trading Up 1.2%

NYSE:SCHW opened at $88.25 on Friday. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $89.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $160.35 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The business’s 50-day simple moving average is $81.74 and its 200-day simple moving average is $79.64.

Charles Schwab (NYSE:SCHW) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same quarter in the previous year, the business posted $0.74 EPS. Sell-side analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is 32.73%.

Wall Street Analyst Weigh In

A number of analysts recently commented on SCHW shares. Cowen reiterated a “buy” rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Barclays lowered their price objective on Charles Schwab from $96.00 to $84.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. JMP Securities reiterated a “market outperform” rating and issued a $94.00 price objective on shares of Charles Schwab in a research report on Monday, April 21st. Piper Sandler lifted their price objective on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. raised their target price on Charles Schwab from $92.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $89.63.

Insiders Place Their Bets

In related news, insider Paul V. Woolway sold 3,290 shares of the firm’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $87.68, for a total value of $288,467.20. Following the completion of the sale, the insider now directly owns 39,154 shares in the company, valued at approximately $3,433,022.72. This trade represents a 7.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jonathan S. Beatty sold 2,850 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $87.57, for a total value of $249,574.50. Following the transaction, the insider now directly owns 15,219 shares in the company, valued at $1,332,727.83. The trade was a 15.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,608 shares of company stock valued at $8,392,040 in the last 90 days. 6.30% of the stock is currently owned by insiders.

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.