Sandy Spring Bank Has $9.04 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Sandy Spring Bank lessened its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 122,113 shares of the financial services provider's stock after selling 5,321 shares during the period. Sandy Spring Bank's holdings in Charles Schwab were worth $9,038,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Royal London Asset Management Ltd. grew its position in shares of Charles Schwab by 0.3% during the 4th quarter. Royal London Asset Management Ltd. now owns 1,186,342 shares of the financial services provider's stock worth $87,801,000 after buying an additional 3,434 shares during the period. GM Advisory Group LLC boosted its stake in Charles Schwab by 3.8% during the 4th quarter. GM Advisory Group LLC now owns 20,736 shares of the financial services provider's stock worth $1,535,000 after acquiring an additional 750 shares during the last quarter. Harvest Fund Management Co. Ltd grew its holdings in Charles Schwab by 140,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 5,606 shares of the financial services provider's stock valued at $415,000 after purchasing an additional 5,602 shares during the period. Vinva Investment Management Ltd increased its stake in Charles Schwab by 55.7% in the fourth quarter. Vinva Investment Management Ltd now owns 72,932 shares of the financial services provider's stock valued at $5,392,000 after purchasing an additional 26,104 shares in the last quarter. Finally, VSM Wealth Advisory LLC acquired a new stake in Charles Schwab in the fourth quarter worth $72,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Remove Ads

Insiders Place Their Bets

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 501,087 shares of company stock valued at $40,952,233. 6.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. TD Cowen raised shares of Charles Schwab from a "hold" rating to a "buy" rating and boosted their price target for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Barclays increased their price target on Charles Schwab from $95.00 to $96.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Wells Fargo & Company upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $89.00 to $93.00 in a report on Wednesday, January 22nd. UBS Group increased their target price on Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Charles Schwab has an average rating of "Hold" and an average price target of $86.33.

Charles Schwab Stock Up 2.1 %

Shares of NYSE SCHW traded up $1.68 during mid-day trading on Monday, hitting $80.07. The company had a trading volume of 7,542,389 shares, compared to its average volume of 8,445,041. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a 50-day simple moving average of $78.99 and a two-hundred day simple moving average of $74.87. The company has a market capitalization of $145.21 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50.

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, beating analysts' consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period last 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 analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.35%. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab's payout ratio is presently 36.12%.

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.