Argent Trust Co Purchases 5,094 Shares of The Charles Schwab Co. (NYSE:SCHW)

Argent Trust Co lifted its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 93,429 shares of the financial services provider's stock after purchasing an additional 5,094 shares during the quarter. Argent Trust Co's holdings in Charles Schwab were worth $6,915,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Merit Financial Group LLC raised its stake in shares of Charles Schwab by 230.1% in the 4th quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider's stock worth $2,483,000 after buying an additional 23,383 shares in the last quarter. Synovus Financial Corp raised its position in Charles Schwab by 46.0% in the third quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider's stock worth $4,400,000 after acquiring an additional 21,377 shares in the last quarter. Oregon Pacific Wealth Management LLC acquired a new stake in Charles Schwab in the 4th quarter valued at about $688,000. Golden State Equity Partners boosted its position in shares of Charles Schwab by 293.9% during the 4th quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock valued at $903,000 after purchasing an additional 9,108 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in shares of Charles Schwab by 7.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider's stock worth $47,674,000 after purchasing an additional 43,308 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

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Insider Buying and Selling at Charles Schwab

In other news, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the sale, the insider now directly owns 57,818 shares in the company, valued at approximately $4,586,123.76. This trade represents a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Arun Sarin sold 8,548 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the sale, the director now directly owns 18,617 shares in the company, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 513,081 shares of company stock worth $41,903,066 over the last three months. Company insiders own 6.60% of the company's stock.

Charles Schwab Stock Performance

Charles Schwab stock traded up $0.83 during trading hours on Tuesday, hitting $77.75. The stock had a trading volume of 3,533,861 shares, compared to its average volume of 9,260,165. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The company has a market cap of $141.00 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The company has a 50-day moving average of $77.67 and a two-hundred day moving average of $76.32. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. The business's revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.27 dividend. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Friday, February 14th. Charles Schwab's dividend payout ratio is currently 36.12%.

Wall Street Analyst Weigh In

SCHW has been the topic of several research reports. Redburn Partners dropped their price target on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a report on Friday, January 17th. Citigroup raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and upped their price objective for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Morgan Stanley raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 target price on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. increased their target price on Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods upped their price target on Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $85.33.

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.