The Charles Schwab Corporation (NYSE:SCHW) Shares Acquired by Whittier Trust Co.

Whittier Trust Co. boosted its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 83.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 368,994 shares of the financial services provider's stock after acquiring an additional 167,815 shares during the quarter. Whittier Trust Co.'s holdings in Charles Schwab were worth $28,884,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Brighton Jones LLC raised its position in shares of Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock worth $1,794,000 after acquiring an additional 19,195 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Charles Schwab in the 4th quarter worth $441,000. Catalyst Funds Management Pty Ltd bought a new position in shares of Charles Schwab in the 4th quarter worth $207,000. Envestnet Portfolio Solutions Inc. raised its position in shares of Charles Schwab by 40.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 164,133 shares of the financial services provider's stock worth $12,148,000 after acquiring an additional 47,380 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in shares of Charles Schwab by 31.7% in the 4th quarter. Corient Private Wealth LLC now owns 837,432 shares of the financial services provider's stock worth $61,939,000 after acquiring an additional 201,752 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Insiders Place Their Bets

In related news, insider Paul V. Woolway sold 10,129 shares of Charles Schwab stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total transaction of $911,711.29. Following the transaction, the insider owned 39,154 shares in the company, valued at approximately $3,524,251.54. This trade represents a 20.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paula A. Sneed sold 8,647 shares of Charles Schwab stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total value of $761,454.82. Following the transaction, the director owned 105,654 shares in the company, valued at approximately $9,303,891.24. The trade was a 7.57% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 119,905 shares of company stock valued at $10,530,833. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Price Performance

SCHW stock traded up $1.86 during mid-day trading on Thursday, reaching $93.12. 12,569,078 shares of the company's stock were exchanged, compared to its average volume of 9,493,115. The company has a market cap of $169.19 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 0.97 and a beta of 0.93. The stock's 50 day moving average is $89.04 and its 200 day moving average is $81.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53. The Charles Schwab Corporation has a 12-month low of $61.01 and a 12-month high of $93.62.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. During the same quarter in the prior year, the business posted $0.74 earnings per share. On average, research analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.16%. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Wall Street Analyst Weigh In

SCHW has been the topic of several recent analyst reports. The Goldman Sachs Group raised Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research report on Friday, April 25th. Barclays upped their target price on Charles Schwab from $89.00 to $106.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Keefe, Bruyette & Woods upped their target price on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research report on Tuesday, April 22nd. Truist Financial upped their target price on Charles Schwab from $97.00 to $100.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Finally, TD Securities upped their target price on Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $95.60.

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.