Ashton Thomas Private Wealth LLC Buys 8,730 Shares of The Charles Schwab Co. (NYSE:SCHW)

Ashton Thomas Private Wealth LLC increased its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 40.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,198 shares of the financial services provider's stock after purchasing an additional 8,730 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Charles Schwab were worth $1,957,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SCHW. Price T Rowe Associates Inc. MD grew its stake in shares of Charles Schwab by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider's stock worth $5,230,657,000 after purchasing an additional 2,946,327 shares during the period. Darsana Capital Partners LP grew its holdings in Charles Schwab by 200.0% in the 2nd quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider's stock worth $221,070,000 after acquiring an additional 2,000,000 shares during the last quarter. AustralianSuper Pty Ltd increased its stake in Charles Schwab by 2,617.6% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider's stock valued at $110,681,000 after purchasing an additional 1,644,931 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Charles Schwab during the 1st quarter valued at about $105,563,000. Finally, Westwood Holdings Group Inc. raised its position in Charles Schwab by 231.2% during the first quarter. Westwood Holdings Group Inc. now owns 1,498,929 shares of the financial services provider's stock valued at $108,433,000 after purchasing an additional 1,046,322 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jonathan S. Beatty sold 2,500 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the transaction, the insider now owns 18,069 shares of the company's stock, valued at approximately $1,391,674.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the sale, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,965 shares of company stock valued at $8,242,659 in the last quarter. Corporate insiders own 6.60% of the company's stock.

Charles Schwab Trading Up 0.1 %

NYSE:SCHW traded up $0.08 during trading hours on Wednesday, hitting $78.27. The company had a trading volume of 8,730,918 shares, compared to its average volume of 8,071,301. The Charles Schwab Co. has a 1 year low of $54.24 and a 1 year high of $79.49. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $67.76 and a 200 day moving average of $69.48. The company has a market cap of $139.29 billion, a P/E ratio of 30.57, a P/E/G ratio of 1.79 and a beta of 0.96.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same period last year, the firm posted $0.77 earnings per share. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. Sell-side analysts expect that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, November 8th. Charles Schwab's dividend payout ratio is presently 39.06%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group reduced their price target on shares of Charles Schwab from $79.00 to $73.00 and set a "buy" rating for the company in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft upped their price target on Charles Schwab from $77.00 to $80.00 and gave the stock a "buy" rating in a report on Monday. Citigroup decreased their price objective on shares of Charles Schwab from $75.00 to $72.00 and set a "neutral" rating for the company in a report on Friday, September 27th. Piper Sandler upped their price target on shares of Charles Schwab from $64.00 to $65.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley upped their price objective on Charles Schwab from $68.00 to $74.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Charles Schwab currently has an average rating of "Hold" and a consensus target price of $74.18.

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.