William Allan Corp Has $4.24 Million Stock Holdings in The Charles Schwab Corporation (NYSE:SCHW)

William Allan Corp grew its stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,155 shares of the financial services provider's stock after acquiring an additional 4,219 shares during the period. Charles Schwab accounts for approximately 2.7% of William Allan Corp's portfolio, making the stock its 16th largest holding. William Allan Corp's holdings in Charles Schwab were worth $4,239,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings 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 worth $9,516,075,000 after acquiring an additional 1,187,384 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 valued at $2,279,742,000 after buying an additional 760,043 shares in the last quarter. Norges Bank purchased a new stake in Charles Schwab during the 4th quarter valued at approximately $1,289,544,000. Northern Trust Corp grew 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 buying an additional 1,864,286 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Charles Schwab by 3.0% during the 4th quarter. Invesco Ltd. now owns 14,842,544 shares of the financial services provider's stock valued at $1,098,497,000 after buying an additional 430,250 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Paul V. Woolway sold 3,290 shares of Charles Schwab stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $90.95, for a total value of $299,225.50. Following the completion of the sale, the insider directly owned 35,864 shares in the company, valued at $3,261,830.80. This trade represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total value of $889,280.64. The disclosure for this sale can be found here. Insiders sold a total of 116,313 shares of company stock valued at $10,264,091 in the last 90 days. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Stock Performance

Charles Schwab stock traded down $0.76 during trading hours on Tuesday, reaching $95.49. 8,863,789 shares of the company were exchanged, compared to its average volume of 9,354,105. The Charles Schwab Corporation has a 12 month low of $61.15 and a 12 month high of $97.50. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. The firm has a market cap of $173.50 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 1.00 and a beta of 0.93. The stock has a 50-day moving average of $89.44 and a 200 day moving average of $82.15.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.10 by $0.04. The firm had revenue of $5.85 billion during the quarter, compared to analysts' expectations of $5.64 billion. Charles Schwab had a return on equity of 19.73% and a net margin of 33.68%. Charles Schwab's quarterly revenue was up 24.8% compared to the same quarter last year. During the same period last year, the business earned $0.73 earnings per share. As a group, research analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.13%. Charles Schwab's dividend payout ratio (DPR) is presently 29.03%.

Analysts Set New Price Targets

Several research firms have issued reports on SCHW. Citigroup lifted their target price on Charles Schwab from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Monday. Barclays reiterated an "overweight" rating and issued a $113.00 target price (up previously from $106.00) on shares of Charles Schwab in a research note on Friday. The Goldman Sachs Group upgraded Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research note on Friday, April 25th. Truist Financial boosted their price target on Charles Schwab from $100.00 to $107.00 and gave the stock a "buy" rating in a research note on Monday. Finally, William Blair lowered Charles Schwab from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $98.65.

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.