The Charles Schwab Co. (NYSE:SCHW) Stock Holdings Increased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,346,606 shares of the financial services provider's stock after acquiring an additional 45,280 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.19% of Charles Schwab worth $216,894,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its position in shares of Charles Schwab by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider's stock valued at $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 valued at $221,070,000 after buying an additional 2,000,000 shares during the period. AustralianSuper Pty Ltd increased its stake in shares of 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 acquiring an additional 1,644,931 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Charles Schwab during the 1st quarter worth about $105,563,000. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of Charles Schwab by 231.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,498,929 shares of the financial services provider's stock worth $108,433,000 after acquiring an additional 1,046,322 shares during the period. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Stock Up 0.1 %

Shares of SCHW stock traded up $0.08 during mid-day trading on Wednesday, reaching $78.27. 8,730,918 shares of the company were exchanged, compared to its average volume of 8,071,301. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.47. The business's 50 day simple moving average is $67.76 and its 200 day simple moving average is $69.48. The company has a market capitalization 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. The Charles Schwab Co. has a fifty-two week low of $54.24 and a fifty-two week high of $79.49.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data 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. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period last year, the business earned $0.77 EPS. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. Research analysts predict that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company 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 $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.28%. Charles Schwab's payout ratio is 39.06%.

Analyst Ratings Changes

Several brokerages recently commented on SCHW. Wells Fargo & Company upped their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. Piper Sandler upped their price objective on Charles Schwab from $64.00 to $65.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their target price on Charles Schwab from $77.00 to $80.00 and gave the company a "buy" rating in a report on Monday. Morgan Stanley upped their price target on Charles Schwab from $68.00 to $74.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. Finally, Barclays lifted their price objective on Charles Schwab from $64.00 to $74.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $74.18.

Insider Activity

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the sale, the director now directly owns 554,929 shares of the company's stock, valued at approximately $35,543,202.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Charles R. Schwab sold 62,345 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chairman now owns 60,619,371 shares in the company, valued at $4,396,116,784.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now owns 554,929 shares of the company's stock, valued at $35,543,202.45. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 115,965 shares of company stock worth $8,242,659. 6.60% of the stock is currently owned by insiders.

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.