The Charles Schwab Co. (NYSE:SCHW) Stock Position Lifted by Enterprise Bank & Trust Co

Enterprise Bank & Trust Co grew its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,213 shares of the financial services provider’s stock after buying 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.

A number of other large investors also recently bought and sold shares of SCHW. Franklin Resources Inc. increased its position in shares of Charles Schwab by 15.0% during the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock valued at $1,644,674,000 after purchasing an additional 3,157,923 shares during the period. Darsana Capital Partners LP boosted its stake in shares of Charles Schwab by 200.0% during the 2nd quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock worth $221,070,000 after acquiring an additional 2,000,000 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Charles Schwab by 6.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock worth $1,858,706,000 after buying an additional 1,711,312 shares during the period. AustralianSuper Pty Ltd boosted its position in shares of Charles Schwab by 2,617.6% in the third quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock worth $110,681,000 after buying an additional 1,644,931 shares during the period. Finally, Two Sigma Advisers LP acquired a new stake in shares of Charles Schwab in the third quarter worth $86,845,000. Institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SCHW shares. Barclays raised Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $74.00 to $95.00 in a research report on Monday, December 9th. Truist Financial raised Charles Schwab to a “strong-buy” rating in a research report on Monday, January 6th. Bank of America reduced their price objective on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Finally, Citigroup cut their target price on Charles Schwab from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.69.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now directly owns 18,069 shares in the company, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 62,345 shares of the 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 completion of the transaction, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This trade represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 118,968 shares of company stock valued at $8,842,821. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Performance

SCHW traded down $0.48 on Monday, hitting $72.29. 2,900,062 shares of the stock traded hands, compared to its average volume of 7,664,843. The Charles Schwab Co. has a 52 week low of $59.67 and a 52 week high of $83.35. 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 market capitalization of $128.65 billion, a PE ratio of 28.24, a P/E/G ratio of 1.76 and a beta of 0.99. The business has a fifty day moving average price of $77.57 and a two-hundred day moving average price of $70.59.

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

Charles Schwab Dividend Announcement

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