Citizens National Bank Trust Department Has $736,000 Stock Holdings in The Charles Schwab Corporation $SCHW

Citizens National Bank Trust Department trimmed its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 6.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,065 shares of the financial services provider’s stock after selling 560 shares during the quarter. Citizens National Bank Trust Department’s holdings in Charles Schwab were worth $736,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bain Capital Public Equity Management II LLC bought a new position in Charles Schwab during the 1st quarter worth $79,605,000. Independent Advisor Alliance grew its position in shares of Charles Schwab by 13.8% in the 1st quarter. Independent Advisor Alliance now owns 39,103 shares of the financial services provider’s stock valued at $3,061,000 after buying an additional 4,754 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Charles Schwab by 6.2% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,181,563 shares of the financial services provider’s stock valued at $92,493,000 after buying an additional 68,858 shares during the period. PFG Investments LLC raised its position in shares of Charles Schwab by 10.2% during the second quarter. PFG Investments LLC now owns 5,951 shares of the financial services provider’s stock worth $543,000 after acquiring an additional 550 shares during the last quarter. Finally, United Services Automobile Association raised its position in shares of Charles Schwab by 14.1% during the first quarter. United Services Automobile Association now owns 39,512 shares of the financial services provider’s stock worth $3,074,000 after acquiring an additional 4,869 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Down 0.1%

NYSE:SCHW opened at $93.94 on Wednesday. The Charles Schwab Corporation has a 12 month low of $64.26 and a 12 month high of $99.59. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $170.53 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 0.91 and a beta of 0.97. The firm has a fifty day simple moving average of $95.21 and a two-hundred day simple moving average of $88.86.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Friday, July 18th. The financial services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.04. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.64 billion. Charles Schwab had a net margin of 33.68% and a return on equity of 19.30%. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 earnings per share. Analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 8th. Charles Schwab’s payout ratio is presently 29.03%.

Charles Schwab declared that its Board of Directors has initiated a share repurchase plan on Thursday, July 24th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the financial services provider to repurchase up to 11.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts recently commented on the company. Truist Financial set a $112.00 target price on Charles Schwab in a report on Thursday, October 2nd. Wells Fargo & Company set a $102.00 price target on shares of Charles Schwab and gave the stock an “overweight” rating in a research report on Friday, July 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Charles Schwab in a research note on Saturday, September 27th. Raymond James Financial reissued an “outperform” rating and set a $99.00 target price on shares of Charles Schwab in a research note on Friday, July 18th. Finally, William Blair lowered shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $100.52.

Insiders Place Their Bets

In related news, insider Paul V. Woolway sold 3,205 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $93.33, for a total value of $299,122.65. Following the completion of the sale, the insider directly owned 34,778 shares of the company’s stock, valued at $3,245,830.74. The trade was a 8.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Walter W. Bettinger sold 173,876 shares of the business’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $98.84, for a total value of $17,185,903.84. Following the completion of the sale, the chairman directly owned 590,734 shares of the company’s stock, valued at $58,388,148.56. The trade was a 22.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 267,128 shares of company stock worth $26,232,077 over the last three months. Insiders own 6.30% 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.