Zions Bancorporation N.A. Has $73,000 Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Zions Bancorporation N.A. lifted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 49.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 988 shares of the financial services provider’s stock after acquiring an additional 326 shares during the period. Zions Bancorporation N.A.’s holdings in Charles Schwab were worth $73,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Principal Financial Group Inc. raised its position in shares of Charles Schwab by 0.6% in the third quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider’s stock valued at $432,536,000 after buying an additional 38,201 shares in the last quarter. United Bank raised its holdings in Charles Schwab by 13.0% in the 3rd quarter. United Bank now owns 11,352 shares of the financial services provider’s stock valued at $736,000 after acquiring an additional 1,309 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Charles Schwab during the 3rd quarter valued at $270,000. Kingsview Wealth Management LLC grew its holdings in shares of Charles Schwab by 7.6% during the 3rd quarter. Kingsview Wealth Management LLC now owns 6,747 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 477 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Charles Schwab in the third quarter worth $88,000. 84.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. TD Cowen upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and increased their price objective for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Redburn Partners decreased their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research note on Friday, January 17th. Barclays upped their target price on Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Citigroup boosted their price target on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $86.33.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $80.12 on Thursday. The stock has a market cap of $145.30 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 0.99 and a beta of 0.98. 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 twelve month low of $61.01 and a twelve month high of $84.50. The company’s fifty day moving average is $79.44 and its 200 day moving average is $75.14.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. The company 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 business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. Sell-side analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.35%. Charles Schwab’s dividend payout ratio is 36.12%.

Insider Buying and Selling

In other Charles Schwab news, insider Paul V. Woolway sold 9,887 shares of the business’s 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Insiders sold 501,087 shares of company stock valued at $40,952,233 over the last quarter. Insiders own 6.60% of the company’s stock.

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.