Morton Community Bank Has $475,000 Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Morton Community Bank trimmed its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 25.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,423 shares of the financial services provider’s stock after selling 2,209 shares during the period. Morton Community Bank’s holdings in Charles Schwab were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of SCHW. Paragon Private Wealth Management LLC purchased a new position in Charles Schwab in the fourth quarter valued at about $250,000. Meriwether Wealth & Planning LLC purchased a new position in Charles Schwab in the fourth quarter valued at about $1,174,000. Daiwa Securities Group Inc. grew its stake in Charles Schwab by 10.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 244,373 shares of the financial services provider’s stock valued at $18,086,000 after purchasing an additional 23,664 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Charles Schwab by 14.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 618,033 shares of the financial services provider’s stock valued at $45,741,000 after purchasing an additional 76,954 shares in the last quarter. Finally, Simplicity Wealth LLC grew its stake in Charles Schwab by 40.6% in the fourth quarter. Simplicity Wealth LLC now owns 5,072 shares of the financial services provider’s stock valued at $375,000 after purchasing an additional 1,465 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and boosted their target price for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th. Citigroup upped their price target on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. upped their price target on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Redburn Partners decreased their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. Finally, UBS Group upped their price target on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $86.33.

Insider Transactions at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul V. Woolway sold 9,887 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the completion of the transaction, the insider now directly owns 47,931 shares of the company’s stock, valued at approximately $3,613,038.78. The trade was a 17.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 501,087 shares of company stock valued at $40,952,233. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Trading Down 1.3 %

Charles Schwab stock opened at $74.58 on Monday. The business has a 50 day moving average price of $78.50 and a two-hundred day moving average price of $74.05. 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 stock has a market cap of $135.25 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. As a group, equities analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.27 dividend. The ex-dividend date was Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.45%. Charles Schwab’s dividend payout ratio is presently 36.12%.

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.