Czech National Bank Buys 67,280 Shares of The Charles Schwab Co. (NYSE:SCHW)

Czech National Bank increased its stake in The Charles Schwab Co. (NYSE:SCHW) by 20.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 391,408 shares of the financial services provider’s stock after purchasing an additional 67,280 shares during the quarter. Czech National Bank’s holdings in Charles Schwab were worth $30,639,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Charles Schwab by 380.5% during the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after acquiring an additional 19,195 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Charles Schwab by 26.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 107,693 shares of the financial services provider’s stock valued at $7,970,000 after acquiring an additional 22,802 shares during the period. OLD National Bancorp IN raised its holdings in Charles Schwab by 6.0% during the 4th quarter. OLD National Bancorp IN now owns 13,203 shares of the financial services provider’s stock valued at $977,000 after acquiring an additional 749 shares during the period. Crews Bank & Trust bought a new stake in Charles Schwab during the 4th quarter valued at $83,000. Finally, Cibc World Market Inc. raised its holdings in Charles Schwab by 364.9% during the 4th quarter. Cibc World Market Inc. now owns 212,577 shares of the financial services provider’s stock valued at $15,733,000 after acquiring an additional 166,850 shares during the period. Institutional investors own 84.38% of the company’s stock.

Insider Activity

In related news, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the transaction, the insider now directly owns 57,818 shares of the company’s stock, valued at $4,586,123.76. This represents a 5.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the transaction, the director now directly owns 172,162 shares of the company’s stock, valued at approximately $12,784,750.12. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,735 shares of company stock valued at $8,867,382. Insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Cowen restated a “buy” rating on shares of Charles Schwab in a research report on Tuesday, May 20th. UBS Group boosted their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, April 22nd. JMP Securities restated a “market outperform” rating and set a $94.00 price target on shares of Charles Schwab in a research report on Monday, April 21st. TD Securities boosted their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. Finally, Citigroup upgraded shares of Charles Schwab from a “neutral” rating to a “buy” rating and boosted their price target for the company from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.63.

Charles Schwab Stock Performance

NYSE SCHW opened at $88.35 on Friday. The company has a 50-day simple moving average of $80.83 and a two-hundred day simple moving average of $79.38. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $89.85. The firm has a market cap of $160.53 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period in the prior year, the business posted $0.74 earnings per share. On average, equities analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid 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%.

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.