Israel Discount Bank of New York Reduces Stake in The Charles Schwab Co. (NYSE:SCHW)

Israel Discount Bank of New York reduced its position in The Charles Schwab Co. (NYSE:SCHW) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,267 shares of the financial services provider’s stock after selling 313 shares during the quarter. Israel Discount Bank of New York’s holdings in Charles Schwab were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Providence Capital Advisors LLC bought a new stake in Charles Schwab during the third quarter worth approximately $28,000. Sugarloaf Wealth Management LLC lifted its position in Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 165 shares during the last quarter. Wetzel Investment Advisors Inc. acquired a new position in Charles Schwab during the 4th quarter worth $31,000. BluePath Capital Management LLC acquired a new position in Charles Schwab during the 3rd quarter worth $34,000. Finally, Hall Laurie J Trustee acquired a new position in shares of Charles Schwab during the fourth quarter valued at about $34,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Peter B. Crawford sold 5,481 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now directly owns 60,567 shares in the company, valued at $4,573,414.17. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Peter B. Crawford sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total transaction of $518,080.00. Following the sale, the chief financial officer now directly owns 29,611 shares in the company, valued at $1,917,608.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Peter B. Crawford sold 5,481 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the sale, the chief financial officer now owns 60,567 shares in the company, valued at $4,573,414.17. The disclosure for this sale can be found here. Over the last three months, insiders have sold 394,648 shares of company stock worth $27,400,905. Company insiders own 6.60% of the company’s stock.

Charles Schwab Trading Down 0.6 %

SCHW traded down $0.45 during mid-day trading on Monday, hitting $74.54. The stock had a trading volume of 3,550,878 shares, compared to its average volume of 7,677,314. The stock’s fifty day simple moving average is $69.68 and its 200-day simple moving average is $64.01. 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 firm has a market capitalization of $132.39 billion, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $75.55.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.34%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Analyst Ratings Changes

SCHW has been the subject of a number of research analyst reports. Piper Sandler upped their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. TD Cowen increased their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Bank of America increased their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 16th. Citigroup upped their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.