Bremer Bank National Association Purchases New Shares in The Charles Schwab Co. (NYSE:SCHW)

Bremer Bank National Association purchased a new stake in The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,918 shares of the financial services provider’s stock, valued at approximately $216,000.

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

Insider Activity at Charles Schwab

In related news, insider Nigel J. Murtagh sold 12,739 shares of the firm’s stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction dated Monday, November 18th. The shares were 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 owns 442,807 shares of the company’s stock, valued at approximately $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. In the last 90 days, insiders have sold 26,823 shares of company stock worth $2,171,194. Company insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SCHW. Keefe, Bruyette & Woods lifted their price objective on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, December 20th. JMP Securities restated a “market outperform” rating and set a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group boosted their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Finally, Cowen boosted their price target on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $81.41.

Charles Schwab Stock Up 1.4 %

NYSE SCHW opened at $76.53 on Monday. The stock’s 50 day moving average is $77.68 and its 200 day moving average is $70.63. 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 Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $83.35. The stock has a market cap of $136.20 billion, a PE ratio of 29.90, a P/E/G ratio of 1.19 and a beta of 0.99.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.31%. Charles Schwab’s payout ratio is presently 39.06%.

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.