Busey Bank Has $16.33 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Busey Bank raised its holdings in The Charles Schwab Co. (NYSE:SCHW) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 220,607 shares of the financial services provider’s stock after purchasing an additional 3,025 shares during the quarter. Busey Bank’s holdings in Charles Schwab were worth $16,327,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its holdings in Charles Schwab by 14.0% during the 2nd quarter. NewEdge Advisors LLC now owns 92,844 shares of the financial services provider’s stock worth $6,842,000 after buying an additional 11,394 shares in the last quarter. Quarry LP lifted its stake in shares of Charles Schwab by 204.7% during the second quarter. Quarry LP now owns 1,670 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 1,122 shares during the period. Advisory Alpha LLC boosted its holdings in Charles Schwab by 9.1% in the second quarter. Advisory Alpha LLC now owns 5,588 shares of the financial services provider’s stock valued at $412,000 after acquiring an additional 468 shares during the last quarter. Founders Financial Alliance LLC acquired a new stake in Charles Schwab in the second quarter worth about $53,000. Finally, New Century Financial Group LLC bought a new stake in Charles Schwab during the 2nd quarter worth about $225,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the completion of the sale, the insider now owns 59,092 shares of the company’s stock, valued at $4,796,497.64. This trade represents a 17.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the 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 transaction, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,014 shares of company stock worth $4,052,281. Insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SCHW shares. Piper Sandler lifted their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. UBS Group lifted their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday. Cowen raised their price target on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Morgan Stanley lifted their price objective on Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $84.11.

Charles Schwab Stock Up 0.5 %

SCHW stock opened at $82.13 on Thursday. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $83.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The business has a 50-day moving average of $77.86 and a 200-day moving average of $70.92. The stock has a market capitalization of $146.17 billion, a P/E ratio of 27.47, a P/E/G ratio of 1.46 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 EPS. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 4.09 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.27 dividend. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.31%. Charles Schwab’s dividend payout ratio (DPR) is currently 33.44%.

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.