Farther Finance Advisors LLC Has $1.11 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Farther Finance Advisors LLC boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 28.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,275 shares of the financial services provider's stock after purchasing an additional 3,199 shares during the quarter. Farther Finance Advisors LLC's holdings in Charles Schwab were worth $1,109,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Charles Schwab by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock worth $9,516,075,000 after acquiring an additional 1,187,384 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Charles Schwab by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider's stock worth $2,279,742,000 after purchasing an additional 760,043 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Charles Schwab by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider's stock valued at $1,513,894,000 after purchasing an additional 265,708 shares in the last quarter. Norges Bank acquired a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $1,289,544,000. Finally, Northern Trust Corp lifted its position in Charles Schwab by 13.4% during the fourth quarter. Northern Trust Corp now owns 15,739,917 shares of the financial services provider's stock worth $1,164,911,000 after buying an additional 1,864,286 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Paul V. Woolway sold 3,290 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $87.68, for a total value of $288,467.20. Following the sale, the insider now directly owns 39,154 shares in the company, valued at approximately $3,433,022.72. This represents a 7.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,850 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $87.57, for a total value of $249,574.50. Following the completion of the sale, the insider now directly owns 15,219 shares in the company, valued at approximately $1,332,727.83. This represents a 15.77% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,608 shares of company stock worth $8,392,040. 6.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SCHW shares. TD Securities upped their target price on Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Morgan Stanley boosted their price target on shares of Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Wells Fargo & Company cut their price objective on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Cowen reiterated a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. Finally, JMP Securities restated a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a report on Monday, April 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $89.25.

Charles Schwab Stock Down 1.4%

NYSE SCHW traded down $1.24 during trading on Friday, reaching $87.26. The company's stock had a trading volume of 8,938,909 shares, compared to its average volume of 9,395,201. 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 Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $89.85. The business has a 50-day moving average price of $82.95 and a 200-day moving average price of $79.84. The stock has a market capitalization of $158.55 billion, a PE ratio of 29.18, a PEG ratio of 0.99 and a beta of 0.94.

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

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.24%. Charles Schwab's dividend payout ratio (DPR) is 32.73%.

Charles Schwab 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.