Wilmington Savings Fund Society FSB Raises Holdings in The Charles Schwab Co. (NYSE:SCHW)

Wilmington Savings Fund Society FSB raised its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 69.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,073 shares of the financial services provider's stock after buying an additional 30,237 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Charles Schwab were worth $4,801,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Diversified Trust Co boosted its holdings in shares of Charles Schwab by 26.0% in the 2nd quarter. Diversified Trust Co now owns 7,737 shares of the financial services provider's stock worth $570,000 after purchasing an additional 1,595 shares during the period. Swedbank AB boosted its holdings in shares of Charles Schwab by 3.6% in the 2nd quarter. Swedbank AB now owns 583,562 shares of the financial services provider's stock worth $43,003,000 after purchasing an additional 20,411 shares during the period. Blue Trust Inc. boosted its holdings in shares of Charles Schwab by 35.7% in the 2nd quarter. Blue Trust Inc. now owns 13,704 shares of the financial services provider's stock worth $991,000 after purchasing an additional 3,608 shares during the period. Timber Creek Capital Management LLC boosted its holdings in shares of Charles Schwab by 1.5% in the 2nd quarter. Timber Creek Capital Management LLC now owns 115,038 shares of the financial services provider's stock worth $8,477,000 after purchasing an additional 1,674 shares during the period. Finally, Sutton Place Investors LLC boosted its holdings in shares of Charles Schwab by 2.1% in the 2nd quarter. Sutton Place Investors LLC now owns 8,086 shares of the financial services provider's stock worth $596,000 after purchasing an additional 167 shares during the period. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Performance

Shares of SCHW stock traded down $3.67 on Friday, hitting $79.18. The company had a trading volume of 7,629,307 shares, compared to its average volume of 7,989,497. The firm has a market cap of $140.91 billion, a P/E ratio of 32.36, a price-to-earnings-growth ratio of 1.79 and a beta of 0.96. The company has a 50-day moving average price of $75.55 and a 200-day moving average price of $70.41. 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 Charles Schwab Co. has a twelve month low of $59.67 and a twelve month high of $83.35.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 EPS. As a group, equities research analysts predict that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently commented on SCHW. Morgan Stanley lifted their target price on Charles Schwab from $68.00 to $74.00 and gave the stock an "equal weight" rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised their price target on Charles Schwab from $77.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Wells Fargo & Company raised their price target on Charles Schwab from $75.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Thursday. Keefe, Bruyette & Woods raised their price target on Charles Schwab from $76.00 to $81.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Finally, Piper Sandler raised their price target on Charles Schwab from $64.00 to $65.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $79.75.

Insider Buying and Selling

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the transaction, the insider now owns 18,069 shares of the company's stock, valued at $1,481,838.69. This represents a 11.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nigel J. Murtagh sold 12,739 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the sale, the insider now owns 59,092 shares of the company's stock, valued at $4,796,497.64. This trade represents a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,968 shares of company stock valued at $9,419,271. 6.60% of the stock is owned by company 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.