The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,661 shares of the financial services provider's stock after acquiring an additional 3,354 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Charles Schwab were worth $4,119,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in shares of Charles Schwab by 0.7% during the third quarter. State Street Corp now owns 62,076,447 shares of the financial services provider's stock worth $4,023,175,000 after buying an additional 414,949 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Charles Schwab by 1.5% during the third quarter. Geode Capital Management LLC now owns 30,141,441 shares of the financial services provider's stock worth $1,945,614,000 after buying an additional 445,304 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Charles Schwab by 6.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider's stock worth $1,858,706,000 after buying an additional 1,711,312 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Charles Schwab by 15.0% during the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider's stock worth $1,644,674,000 after buying an additional 3,157,923 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Charles Schwab by 2.5% during the third quarter. Fisher Asset Management LLC now owns 20,189,558 shares of the financial services provider's stock worth $1,308,485,000 after buying an additional 493,264 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Up 1.4 %

Shares of SCHW stock traded up $1.02 during trading hours on Friday, reaching $76.53. 10,793,708 shares of the stock were exchanged, compared to its average volume of 8,320,916. The business's fifty day moving average is $77.63 and its two-hundred day moving average is $70.63. 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 12-month low of $61.01 and a 12-month high of $83.35. The firm has a market capitalization of $136.20 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.19 and a beta of 0.99.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. The firm 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 business's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. As a group, research analysts expect that The Charles Schwab Co. will post 3.13 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.31%. Charles Schwab's dividend payout ratio is currently 39.06%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SCHW shares. JPMorgan Chase & Co. boosted their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Piper Sandler boosted their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Bank of America lowered their price target on shares of Charles Schwab from $63.00 to $61.00 and set an "underperform" rating on the stock in a research report on Wednesday, October 16th. StockNews.com raised shares of Charles Schwab from a "sell" rating to a "hold" rating in a research report on Wednesday, October 16th. Finally, Cowen upped their target price on shares of Charles Schwab from $69.00 to $75.00 and gave the company a "hold" rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $81.41.

Insider Buying and Selling at Charles Schwab

In other news, insider Nigel J. Murtagh sold 12,739 shares of the firm'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 transaction of $1,034,024.63. Following the transaction, the insider now directly owns 59,092 shares in the company, valued at approximately $4,796,497.64. This trade represents a 17.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,823 shares of company stock worth $2,171,194 over the last three months. Insiders own 6.60% 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.