Enterprise Bank & Trust Co Has $830,000 Holdings in The Charles Schwab Co. (NYSE:SCHW)

Enterprise Bank & Trust Co boosted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 12.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,213 shares of the financial services provider’s stock after acquiring an additional 1,231 shares during the period. Enterprise Bank & Trust Co’s holdings in Charles Schwab were worth $830,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. increased its holdings in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Charles Schwab during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC bought a new position in Charles Schwab during the 3rd quarter worth about $31,000. Future Financial Wealth Managment LLC bought a new position in Charles Schwab during the 3rd quarter worth about $32,000. Finally, Hazlett Burt & Watson Inc. bought a new position in Charles Schwab during the 3rd quarter worth about $33,000. Institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Charles R. Schwab sold 62,345 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total value of $4,521,259.40. Following the transaction, the chairman now owns 60,619,371 shares in the company, valued at $4,396,116,784.92. The trade was a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,968 shares of company stock valued at $8,842,821. 6.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Bank of America decreased their price objective on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a report on Wednesday, October 16th. Citigroup decreased their price objective on Charles Schwab from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Friday. Finally, Cowen raised their price objective on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $81.69.

Charles Schwab Price Performance

Shares of NYSE SCHW traded down $0.48 during midday trading on Monday, reaching $72.29. The company’s stock had a trading volume of 2,900,062 shares, compared to its average volume of 7,664,843. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a fifty-two week low of $59.67 and a fifty-two week high of $83.35. The business’s 50 day moving average price is $77.57 and its two-hundred day moving average price is $70.59. The company has a market cap of $128.65 billion, a P/E ratio of 28.24, a P/E/G ratio of 1.76 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the business earned $0.77 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts forecast that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

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

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.