The Charles Schwab Co. (NYSE:SCHW) is Toronto Dominion Bank's Largest Position

Toronto Dominion Bank raised its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 0.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 185,493,487 shares of the financial services provider's stock after buying an additional 68,096 shares during the quarter. Charles Schwab accounts for about 21.7% of Toronto Dominion Bank's investment portfolio, making the stock its largest position. Toronto Dominion Bank owned about 10.41% of Charles Schwab worth $13,728,373,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of 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 purchasing an additional 1,187,384 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Charles Schwab by 2.5% during the fourth 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 raised its stake 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 acquiring an additional 265,708 shares during the last quarter. Norges Bank acquired a new position in shares of Charles Schwab in the 4th quarter worth approximately $1,289,544,000. Finally, Northern Trust Corp increased its holdings 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 valued at $1,164,911,000 after purchasing an additional 1,864,286 shares in the last quarter. Institutional investors own 84.38% of the company's stock.

Wall Street Analyst Weigh In

SCHW has been the topic of several research analyst reports. The Goldman Sachs Group upgraded Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a report on Friday, April 25th. Morgan Stanley raised their target price on Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and lifted their target price for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Barclays lowered their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Finally, Keefe, Bruyette & Woods upped their price target on Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, Charles Schwab presently has an average rating of "Moderate Buy" and a consensus price target of $89.63.

Charles Schwab Trading Down 0.1%

NYSE:SCHW traded down $0.10 during midday trading on Friday, reaching $87.66. 1,309,355 shares of the stock traded hands, compared to its average volume of 9,348,616. The stock has a market capitalization of $159.27 billion, a P/E ratio of 29.37, a PEG ratio of 0.99 and a beta of 0.90. The company has a fifty day moving average of $80.68 and a 200 day moving average of $79.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $89.85.

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

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio is presently 32.73%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the sale, the insider now directly owns 57,818 shares in the company, valued at approximately $4,586,123.76. This represents a 5.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total transaction of $889,280.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,735 shares of company stock valued at $8,867,382. Company insiders own 6.30% of the company's stock.

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.