Bremer Bank National Association Invests $216,000 in The Charles Schwab Co. (NYSE:SCHW)

Bremer Bank National Association acquired a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, HoldingsChannel reports. The firm acquired 2,918 shares of the financial services provider’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHW. Intech Investment Management LLC raised its stake in Charles Schwab by 21.1% during the 2nd quarter. Intech Investment Management LLC now owns 25,194 shares of the financial services provider’s stock valued at $1,857,000 after acquiring an additional 4,395 shares during the last quarter. King Luther Capital Management Corp raised its stake in shares of Charles Schwab by 79.4% during the 2nd quarter. King Luther Capital Management Corp now owns 26,492 shares of the financial services provider’s stock worth $1,952,000 after buying an additional 11,721 shares in the last quarter. AE Wealth Management LLC raised its stake in shares of Charles Schwab by 8.1% during the 2nd quarter. AE Wealth Management LLC now owns 54,686 shares of the financial services provider’s stock worth $4,030,000 after buying an additional 4,081 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Charles Schwab by 4.6% during the 2nd quarter. Pacer Advisors Inc. now owns 106,653 shares of the financial services provider’s stock worth $7,859,000 after buying an additional 4,696 shares in the last quarter. Finally, Legacy Financial Advisors Inc. raised its stake in shares of Charles Schwab by 10.4% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 3,725 shares of the financial services provider’s stock worth $274,000 after buying an additional 351 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the transaction, the insider now owns 59,092 shares in the company, valued at $4,796,497.64. This represents a 17.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,823 shares of company stock valued at $2,171,194 over the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Trading Up 1.4 %

Shares of SCHW opened at $76.53 on Monday. 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 $136.20 billion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 1.19 and a beta of 0.99. The stock’s fifty day simple moving average is $77.68 and its 200 day simple moving average is $70.63. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $83.35.

Charles Schwab Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.31%. Charles Schwab’s dividend payout ratio is presently 39.06%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Redburn Partners lowered their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday. Morgan Stanley upped their price target on Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a report on Friday. Raymond James lowered their price target on Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Truist Financial upgraded Charles Schwab to a “strong-buy” rating in a report on Monday, January 6th. Finally, Bank of America lowered their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $81.41.

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.