The Charles Schwab Co. (NYSE:SCHW) Shares Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lifted its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,591 shares of the financial services provider's stock after buying an additional 6,636 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Charles Schwab were worth $3,522,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SCHW. Principal Financial Group Inc. grew its position in shares of Charles Schwab by 0.6% during 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 buying an additional 38,201 shares in the last quarter. Anchor Investment Management LLC grew its holdings in Charles Schwab by 11.2% during the 3rd quarter. Anchor Investment Management LLC now owns 36,229 shares of the financial services provider's stock worth $2,348,000 after acquiring an additional 3,637 shares in the last quarter. Sculati Wealth Management LLC raised its holdings in shares of Charles Schwab by 0.7% in the 3rd quarter. Sculati Wealth Management LLC now owns 42,988 shares of the financial services provider's stock valued at $2,786,000 after purchasing an additional 315 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of Charles Schwab during the third quarter valued at approximately $9,211,000. Finally, Sfmg LLC boosted its stake in shares of Charles Schwab by 2.5% during the third quarter. Sfmg LLC now owns 58,542 shares of the financial services provider's stock valued at $3,794,000 after purchasing an additional 1,444 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Piper Sandler boosted their price target on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. UBS Group increased their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research report on Tuesday. Redburn Partners cut their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research report on Friday, January 17th. The Goldman Sachs Group raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research report on Friday. Finally, Keefe, Bruyette & Woods upped their price target on Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Charles Schwab has an average rating of "Moderate Buy" and an average target price of $87.22.

Charles Schwab Price Performance

NYSE SCHW traded up $0.58 during trading hours on Friday, hitting $79.96. 7,781,018 shares of the company's stock traded hands, compared to its average volume of 9,335,172. The company has a market capitalization of $145.01 billion, a PE ratio of 26.74, a PEG ratio of 0.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The firm's 50-day moving average is $76.82 and its 200-day moving average is $76.96.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. During the same period in the prior year, the business earned $0.74 EPS. Equities analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a $0.27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.35%. Charles Schwab's payout ratio is 32.73%.

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 dated 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 transaction, the chairman now owns 827,377 shares of the company's stock, valued at $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the sale, the director now owns 172,162 shares of the company's stock, valued at approximately $12,784,750.12. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 493,482 shares of company stock worth $40,288,720 in the last 90 days. Insiders own 6.30% of the company's stock.

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.