Fort Washington Investment Advisors Inc. OH Increases Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Fort Washington Investment Advisors Inc. OH lifted its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 0.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,598,783 shares of the financial services provider's stock after purchasing an additional 5,772 shares during the quarter. Charles Schwab comprises 1.2% of Fort Washington Investment Advisors Inc. OH's holdings, making the stock its 21st biggest position. Fort Washington Investment Advisors Inc. OH owned approximately 0.14% of Charles Schwab worth $203,433,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SCHW. Vanguard Group Inc. lifted its position in Charles Schwab by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock valued at $9,516,075,000 after acquiring an additional 1,187,384 shares in the last quarter. Geode Capital Management LLC lifted its position in 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 buying an additional 760,043 shares in the last quarter. Fisher Asset Management LLC lifted its position in Charles Schwab by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider's stock worth $1,513,894,000 after buying an additional 265,708 shares in the last quarter. Norges Bank bought a new stake in Charles Schwab during the 4th quarter worth about $1,289,544,000. Finally, Northern Trust Corp lifted its position in Charles Schwab by 13.4% during the 4th 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 currently owned by institutional investors and hedge funds.

Charles Schwab Stock Performance

Shares of SCHW stock traded down $1.24 during trading on Friday, reaching $87.26. 8,938,909 shares of the company's stock traded hands, compared to its average volume of 9,416,209. The company has a market capitalization of $158.55 billion, a P/E ratio of 29.18, a PEG ratio of 0.99 and a beta of 0.94. 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 firm's 50-day moving average is $83.30 and its 200 day moving average is $79.87. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $89.85.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same quarter in the prior year, the firm posted $0.74 EPS. Equities research analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

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

Analyst Upgrades and Downgrades

SCHW has been the topic of several analyst reports. UBS Group boosted their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. TD Securities boosted their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. JMP Securities restated a "market outperform" rating and set a $94.00 price objective on shares of Charles Schwab in a research note on Monday, April 21st. Piper Sandler boosted their price objective on shares of Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Finally, Truist Financial boosted their price objective on shares of Charles Schwab from $84.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $89.25.

Insider Transactions at Charles Schwab

In other news, insider Paul V. Woolway sold 8,614 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $80.00, for a total value of $689,120.00. Following the completion of the sale, the insider now owns 49,204 shares of the company's stock, valued at approximately $3,936,320. This represents a 14.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,850 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $87.57, for a total transaction of $249,574.50. Following the sale, the insider now directly owns 15,219 shares of the company's stock, valued at $1,332,727.83. The trade was a 15.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,608 shares of company stock valued at $8,392,040 in the last quarter. Insiders own 6.30% of the company's stock.

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.