The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 25.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,417 shares of the financial services provider's stock after buying an additional 3,789 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Charles Schwab were worth $1,363,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in shares of Charles Schwab in the 3rd quarter worth approximately $25,000. Washington Trust Advisors Inc. grew its holdings in Charles Schwab by 62.6% in the third 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 during the last quarter. Prospera Private Wealth LLC purchased a new position in Charles Schwab in the third quarter worth $31,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Charles Schwab during the 3rd quarter valued at $32,000. Finally, Planning Capital Management Corp acquired a new stake in shares of Charles Schwab in the 3rd quarter worth $33,000. Institutional investors own 84.38% of the company's stock.

Insider Activity at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,500 shares of the business'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 sale, the insider now owns 18,069 shares of the company's stock, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the transaction, the director now directly owns 442,807 shares in the company, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,823 shares of company stock worth $2,171,194 in the last 90 days. Corporate insiders own 6.60% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Charles Schwab from $77.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. The Goldman Sachs Group lifted their target price on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Piper Sandler upped their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Finally, Raymond James lowered their price objective on shares of Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $81.63.

Charles Schwab Stock Performance

Charles Schwab stock traded up $1.74 during mid-day trading on Thursday, hitting $75.40. The company had a trading volume of 8,043,799 shares, compared to its average volume of 8,073,730. 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 company has a market capitalization of $134.19 billion, a price-to-earnings ratio of 29.45, a P/E/G ratio of 1.19 and a beta of 0.99. The company's fifty day moving average is $77.58 and its 200-day moving average is $70.60. The Charles Schwab Co. has a 12-month low of $59.67 and a 12-month high of $83.35.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm's revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $0.77 earnings per share. Equities research analysts predict that The Charles Schwab Co. will post 3.13 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab's dividend payout ratio (DPR) is presently 39.06%.

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.