Invesco Ltd. Increases Holdings in The Charles Schwab Co. (NYSE:SCHW)

Invesco Ltd. boosted its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,842,544 shares of the financial services provider's stock after purchasing an additional 430,250 shares during the quarter. Invesco Ltd. owned approximately 0.83% of Charles Schwab worth $1,098,497,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SCHW. Principal Financial Group Inc. boosted its position in shares of Charles Schwab by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider's stock worth $432,536,000 after purchasing an additional 38,201 shares in the last quarter. United Bank increased its stake in Charles Schwab by 13.0% in the 3rd quarter. United Bank now owns 11,352 shares of the financial services provider's stock worth $736,000 after buying an additional 1,309 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Charles Schwab by 2,840.7% in the third quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider's stock worth $398,000 after buying an additional 5,937 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Charles Schwab by 52.1% in the third quarter. National Bank of Canada FI now owns 768,714 shares of the financial services provider's stock worth $49,820,000 after buying an additional 263,426 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new position in Charles Schwab during the third quarter valued at $344,000. Institutional investors own 84.38% of the company's stock.

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Insider Transactions at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the sale, the insider now owns 57,818 shares in the company, valued at $4,586,123.76. The trade was a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 513,081 shares of company stock worth $41,903,066 in the last 90 days. Corporate insiders own 6.60% of the company's stock.

Charles Schwab Stock Performance

NYSE:SCHW traded up $3.12 during trading hours on Friday, hitting $76.97. 14,847,290 shares of the company traded hands, compared to its average volume of 9,284,845. The firm has a 50-day moving average of $77.77 and a 200 day moving average of $76.14. 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 stock has a market capitalization of $139.59 billion, a price-to-earnings ratio of 25.74, a P/E/G ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion during the quarter, compared to analysts' expectations of $5.19 billion. During the same period last year, the firm posted $0.68 EPS. The business's revenue was up 19.5% on a year-over-year basis. On average, analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.27 dividend. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.40%. Charles Schwab's dividend payout ratio (DPR) is presently 36.12%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SCHW shares. TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and raised their price objective for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Redburn Partners lowered their price target on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a report on Friday, January 17th. UBS Group raised their target price on Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. JMP Securities lowered their price target on shares of Charles Schwab from $96.00 to $94.00 and set a "market outperform" rating on the stock in a report on Tuesday. Finally, Piper Sandler decreased their target price on shares of Charles Schwab from $78.00 to $74.00 and set a "neutral" rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.33.

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.