Citizens Financial Group Inc RI Has $591,000 Holdings in Charles Schwab Corp (SCHW)

Citizens Financial Group Inc RI lessened its stake in Charles Schwab Corp (NYSE:SCHW) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,510 shares of the financial services provider’s stock after selling 1,245 shares during the period. Citizens Financial Group Inc RI’s holdings in Charles Schwab were worth $591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Atria Investments LLC grew its stake in shares of Charles Schwab by 11.8% during the fourth quarter. Atria Investments LLC now owns 18,096 shares of the financial services provider’s stock worth $930,000 after acquiring an additional 1,907 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Charles Schwab by 311.7% during the fourth quarter. State of Alaska Department of Revenue now owns 141,615 shares of the financial services provider’s stock worth $7,272,000 after acquiring an additional 107,221 shares during the last quarter. Peregrine Asset Advisers Inc. purchased a new stake in shares of Charles Schwab during the fourth quarter worth about $5,306,000. CAPROCK Group Inc. grew its stake in shares of Charles Schwab by 22.3% during the third quarter. CAPROCK Group Inc. now owns 6,532 shares of the financial services provider’s stock worth $286,000 after acquiring an additional 1,190 shares during the last quarter. Finally, Columbus Circle Investors purchased a new stake in shares of Charles Schwab during the third quarter worth about $49,394,000. Institutional investors own 80.45% of the company’s stock.

In other Charles Schwab news, EVP Nigel J. Murtagh sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $45.79, for a total value of $457,900.00. Following the completion of the transaction, the executive vice president now directly owns 33,441 shares of the company’s stock, valued at $1,531,263.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 74,450 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $52.17, for a total value of $3,884,056.50. The disclosure for this sale can be found here. Insiders sold 1,733,394 shares of company stock valued at $89,462,077 over the last three months. 12.00% of the stock is currently owned by corporate insiders.

A number of brokerages have recently weighed in on SCHW. Credit Suisse Group restated a “positive” rating and set a $70.00 price target (up previously from $64.00) on shares of Charles Schwab in a research note on Thursday, January 18th. Nomura restated a “neutral” rating and set a $54.00 price target (up previously from $50.00) on shares of Charles Schwab in a research note on Thursday, January 18th. Argus upped their target price on Charles Schwab from $59.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Citigroup reiterated a “neutral” rating on shares of Charles Schwab in a research report on Friday, January 19th. Finally, Morgan Stanley upped their target price on Charles Schwab from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $53.88.

Shares of Charles Schwab Corp (NYSE SCHW) opened at $52.17 on Tuesday. Charles Schwab Corp has a 52-week low of $37.16 and a 52-week high of $56.25. The company has a market capitalization of $69,940.00, a P/E ratio of 33.02, a P/E/G ratio of 1.29 and a beta of 1.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the company posted $0.36 earnings per share. Charles Schwab’s revenue for the quarter was up 13.7% on a year-over-year basis. equities analysts expect that Charles Schwab Corp will post 2.39 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be issued a $0.10 dividend. The ex-dividend date is Thursday, February 8th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.77%. Charles Schwab’s payout ratio is presently 25.32%.

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Charles Schwab Company Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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