The Charles Schwab Co. (NYSE:SCHW) Stock Position Boosted by Czech National Bank

Czech National Bank increased its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 324,128 shares of the financial services provider's stock after purchasing an additional 19,806 shares during the quarter. Czech National Bank's holdings in Charles Schwab were worth $23,989,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. BOKF NA grew its position in shares of Charles Schwab by 23.2% in the second quarter. BOKF NA now owns 24,721 shares of the financial services provider's stock valued at $1,822,000 after purchasing an additional 4,652 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Charles Schwab by 33.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 560,994 shares of the financial services provider's stock valued at $41,133,000 after acquiring an additional 141,676 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new position in shares of Charles Schwab during the 2nd quarter valued at about $808,000. Oppenheimer Asset Management Inc. boosted its position in shares of Charles Schwab by 26.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 145,485 shares of the financial services provider's stock worth $10,721,000 after acquiring an additional 30,004 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Charles Schwab by 1.3% in the second quarter. Envestnet Asset Management Inc. now owns 5,519,303 shares of the financial services provider's stock worth $406,717,000 after acquiring an additional 71,143 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SCHW. JPMorgan Chase & Co. lifted their price objective on Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Raymond James reduced their price target on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. StockNews.com upgraded shares of Charles Schwab from a "sell" rating to a "hold" rating in a research note on Wednesday, October 16th. Wells Fargo & Company raised their target price on shares of Charles Schwab from $75.00 to $90.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Finally, Barclays raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $74.00 to $95.00 in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.69.

Charles Schwab Stock Down 0.2 %

Shares of SCHW traded down $0.13 during midday trading on Monday, hitting $72.64. The company had a trading volume of 6,701,507 shares, compared to its average volume of 8,229,929. 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 52 week low of $59.67 and a 52 week high of $83.35. The company's 50 day moving average price is $77.60 and its 200 day moving average price is $70.59. The stock has a market cap of $129.27 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 1.76 and a beta of 0.99.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm had revenue of $4.85 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. Charles Schwab's revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities research analysts predict that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.38%. Charles Schwab's payout ratio is 39.06%.

Insiders Place Their Bets

In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the firm's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value of $4,521,259.40. Following the sale, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This trade represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the business's stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the transaction, the director now directly owns 551,329 shares of the company's stock, valued at approximately $39,783,900.64. This trade represents a 5.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,968 shares of company stock valued at $8,842,821. Company insiders own 6.60% of the company's stock.

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.