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) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,701 shares of the financial services provider’s stock, valued at approximately $211,000.

Other large investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Charles Schwab in the 4th quarter valued at about $38,000. Atala Financial Inc acquired a new position in Charles Schwab in the fourth quarter worth approximately $41,000. Investors Research Corp increased its holdings 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 buying an additional 240 shares during the last quarter. Knuff & Co LLC increased its holdings 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 buying an additional 563 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in Charles Schwab in the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insiders Place Their Bets

In other news, Director Frank C. Herringer sold 3,592 shares of the firm’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the sale, the director now directly owns 172,162 shares in the company, valued at approximately $12,784,750.12. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total value of $261,713.40. Following the completion of the sale, the insider now owns 45,824 shares of the company’s stock, valued at approximately $3,548,152.32. This trade represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,608 shares of company stock worth $8,392,040 over the last three months. 6.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SCHW has been the topic of a number of research reports. Barclays dropped their price objective on Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and increased their price target for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Truist Financial increased their price target on Charles Schwab from $84.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 15th. TD Securities increased their price target on Charles Schwab from $95.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. Finally, JMP Securities reiterated a “market outperform” rating and set a $94.00 price target on shares of Charles Schwab in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Charles Schwab has a consensus rating of “Moderate Buy” and a consensus price target of $89.63.

Charles Schwab Stock Up 1.2%

Shares of SCHW stock opened at $88.25 on Friday. The stock has a market cap of $160.35 billion, a P/E ratio of 29.52, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $89.85. The stock has a fifty day moving average price of $81.74 and a 200 day moving average price of $79.64. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion during 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 period last year, the business earned $0.74 earnings per share. Analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

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

Charles Schwab 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.