The Charles Schwab Co. (NYSE:SCHW) Stock Holdings Increased by Franklin Resources Inc.

Franklin Resources Inc. increased its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 15.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,261,234 shares of the financial services provider's stock after purchasing an additional 3,157,923 shares during the quarter. Franklin Resources Inc. owned 1.36% of Charles Schwab worth $1,644,674,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCHW. Alliance Wealth Advisors LLC raised its position in Charles Schwab by 2.7% during the third quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider's stock worth $347,000 after acquiring an additional 142 shares during the last quarter. GS Investments Inc. lifted its position in shares of Charles Schwab by 0.3% in the third quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider's stock valued at $3,722,000 after acquiring an additional 146 shares in the last quarter. Washington Trust Advisors Inc. increased its position in Charles Schwab by 62.6% during the 3rd 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 in the last quarter. Arcataur Capital Management LLC raised its stake in Charles Schwab by 2.3% in the 3rd quarter. Arcataur Capital Management LLC now owns 6,648 shares of the financial services provider's stock valued at $431,000 after purchasing an additional 150 shares during the last quarter. Finally, Tandem Capital Management Corp ADV lifted its stake in shares of Charles Schwab by 0.3% during the third quarter. Tandem Capital Management Corp ADV now owns 49,537 shares of the financial services provider's stock valued at $3,210,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 84.38% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on SCHW. Piper Sandler lifted their price objective on Charles Schwab from $64.00 to $65.00 and gave the company a "neutral" rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their price target on shares of Charles Schwab from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Bank of America reduced their target price on Charles Schwab from $63.00 to $61.00 and set an "underperform" rating on the stock in a report on Wednesday, October 16th. Morgan Stanley lifted their price objective on Charles Schwab from $68.00 to $74.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Finally, Barclays raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $74.00 to $95.00 in a research report on Monday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $79.75.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the business's stock in a transaction dated Wednesday, October 16th. The shares were 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 0.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the completion of the transaction, the director now owns 551,329 shares of the company's stock, valued at $39,783,900.64. This trade represents a 5.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 127,968 shares of company stock worth $9,419,271. Company insiders own 6.60% of the company's stock.

Charles Schwab Stock Performance

SCHW stock traded down $3.31 during midday trading on Friday, reaching $79.54. The company had a trading volume of 12,660,088 shares, compared to its average volume of 8,012,078. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average price of $75.55 and a 200 day moving average price of $70.41. The firm has a market capitalization of $141.55 billion, a PE ratio of 32.36, a P/E/G ratio of 1.79 and a beta of 0.96. The Charles Schwab Co. has a fifty-two week low of $59.67 and a fifty-two week high of $83.35.

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 the consensus estimate of $0.75 by $0.02. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. Analysts anticipate that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.26%. Charles Schwab's payout ratio is currently 39.06%.

Charles Schwab Company 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.