Pinnacle Bancorp Inc. Has $228,000 Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Pinnacle Bancorp Inc. raised its stake in The Charles Schwab Co. (NYSE:SCHW) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,075 shares of the financial services provider’s stock after purchasing an additional 350 shares during the period. Pinnacle Bancorp Inc.’s holdings in Charles Schwab were worth $228,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Washington Trust Advisors Inc. increased its stake in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Charles Schwab in the third quarter worth $25,000. Prospera Private Wealth LLC acquired a new position in Charles Schwab in the third quarter valued at about $31,000. Future Financial Wealth Managment LLC bought a new stake in Charles Schwab during the third quarter worth about $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Charles Schwab during the third quarter worth about $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SCHW shares. Bank of America reduced their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Raymond James cut their price target on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, Citigroup reduced 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, January 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $81.63.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction on Monday, November 11th. The stock was 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 owns 18,069 shares in the company, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the sale, the director now directly owns 442,807 shares in the company, valued at $36,057,774.01. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,823 shares of company stock valued at $2,171,194. 6.60% of the stock is currently owned by company insiders.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $75.40 on Friday. The Charles Schwab Co. has a 1 year low of $59.67 and a 1 year high of $83.35. The stock has a market capitalization of $134.19 billion, a P/E ratio of 29.45, a P/E/G ratio of 1.19 and a beta of 0.99. The company’s 50-day moving average is $77.58 and its 200 day moving average is $70.60. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the company earned $0.77 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts expect that The Charles Schwab Co. will post 3.13 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

Charles Schwab 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.