Park National Corp OH Purchases 21,764 Shares of The Charles Schwab Co. (NYSE:SCHW)

Park National Corp OH increased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 6.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 338,347 shares of the financial services provider’s stock after purchasing an additional 21,764 shares during the quarter. Park National Corp OH’s holdings in Charles Schwab were worth $24,476,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Providence Capital Advisors LLC bought a new stake in shares of Charles Schwab during the third quarter valued at approximately $28,000. Sugarloaf Wealth Management LLC lifted its holdings in Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares during the period. Frazier Financial Advisors LLC acquired a new position in Charles Schwab in the fourth quarter valued at approximately $30,000. Wetzel Investment Advisors Inc. acquired a new position in Charles Schwab in the fourth quarter valued at approximately $31,000. Finally, Hall Laurie J Trustee acquired a new position in Charles Schwab in the fourth quarter valued at approximately $34,000. 84.38% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Peter B. Crawford sold 5,482 shares of Charles Schwab stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $73.46, for a total value of $402,707.72. Following the completion of the transaction, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,449,251.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Peter B. Crawford sold 5,482 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $73.46, for a total value of $402,707.72. Following the sale, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at approximately $4,449,251.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Bernard J. Clark sold 8,164 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $75.00, for a total transaction of $612,300.00. Following the completion of the sale, the insider now directly owns 121,666 shares in the company, valued at $9,124,950. The disclosure for this sale can be found here. Insiders sold a total of 663,640 shares of company stock valued at $49,331,005 in the last quarter. Company insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SCHW. Morgan Stanley increased their price objective on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. cut their target price on shares of Charles Schwab from $89.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $76.00 target price on shares of Charles Schwab in a report on Monday. Finally, UBS Group increased their target price on shares of Charles Schwab from $87.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and a consensus target price of $74.65.

Charles Schwab Stock Down 0.0 %

Charles Schwab stock traded down $0.02 during mid-day trading on Tuesday, reaching $72.79. The company’s stock had a trading volume of 2,234,458 shares, compared to its average volume of 7,330,413. The company has a market capitalization of $129.37 billion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 1.12 and a beta of 0.96. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49. The business’s 50 day simple moving average is $74.15 and its 200 day simple moving average is $69.21. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. As a group, research analysts anticipate that The Charles Schwab Co. will post 3.26 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

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.