Prentiss Smith & Co. Inc. Has $4.07 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Prentiss Smith & Co. Inc. decreased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,171 shares of the financial services provider’s stock after selling 1,634 shares during the quarter. Charles Schwab makes up approximately 3.0% of Prentiss Smith & Co. Inc.’s holdings, making the stock its 15th largest holding. Prentiss Smith & Co. Inc.’s holdings in Charles Schwab were worth $4,071,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its position in shares of Charles Schwab by 26.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock valued at $1,634,700,000 after buying an additional 6,195,934 shares in the last quarter. Invesco Ltd. increased its position in shares of Charles Schwab by 3.3% in the 3rd quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock valued at $854,295,000 after buying an additional 502,304 shares in the last quarter. Northern Trust Corp increased its position in shares of Charles Schwab by 2.3% in the 3rd quarter. Northern Trust Corp now owns 15,550,474 shares of the financial services provider’s stock valued at $853,721,000 after buying an additional 356,112 shares in the last quarter. Bamco Inc. NY increased its position in shares of Charles Schwab by 0.5% in the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock valued at $444,826,000 after buying an additional 42,588 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Charles Schwab by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,317,044 shares of the financial services provider’s stock valued at $401,706,000 after buying an additional 101,920 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Performance

NYSE:SCHW traded down $0.33 during mid-day trading on Thursday, hitting $74.86. The stock had a trading volume of 6,374,160 shares, compared to its average volume of 7,758,854. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $75.55. The stock has a market cap of $132.96 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 1.10 and a beta of 1.01. The company’s 50 day simple moving average is $69.27 and its 200 day simple moving average is $63.60. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.34%. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Piper Sandler increased their target price on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Raymond James lowered their target price on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. JPMorgan Chase & Co. increased their target price on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Finally, StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $74.47.

Insider Activity at Charles Schwab

In related news, Chairman Charles R. Schwab sold 71,226 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.99, for a total value of $4,628,977.74. Following the completion of the sale, the chairman now directly owns 61,251,038 shares in the company, valued at approximately $3,980,704,959.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Charles Schwab news, CFO Peter B. Crawford sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total transaction of $518,080.00. Following the completion of the sale, the chief financial officer now directly owns 29,611 shares in the company, valued at $1,917,608.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 71,226 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the sale, the chairman now owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 389,167 shares of company stock worth $26,987,035. Insiders own 6.60% 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.