Northern Trust Corp Increases Position in The Charles Schwab Co. (NYSE:SCHW)

Northern Trust Corp grew its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,739,917 shares of the financial services provider's stock after purchasing an additional 1,864,286 shares during the period. Northern Trust Corp owned about 0.88% of Charles Schwab worth $1,164,911,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bellwether Advisors LLC purchased a new position in shares of Charles Schwab in the 4th quarter worth $353,000. Beacon Pointe Advisors LLC grew its position in Charles Schwab by 0.5% during the fourth quarter. Beacon Pointe Advisors LLC now owns 193,717 shares of the financial services provider's stock valued at $14,337,000 after buying an additional 870 shares during the period. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Charles Schwab during the fourth quarter valued at approximately $110,000. Public Employees Retirement Association of Colorado boosted its stake in shares of Charles Schwab by 3.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 216,365 shares of the financial services provider's stock worth $16,013,000 after acquiring an additional 6,401 shares during the last quarter. Finally, Aquatic Capital Management LLC grew its position in shares of Charles Schwab by 153.9% during the 4th quarter. Aquatic Capital Management LLC now owns 506,858 shares of the financial services provider's stock valued at $37,513,000 after acquiring an additional 307,258 shares during the period. 84.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Paul V. Woolway sold 9,887 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total transaction of $745,282.06. Following the transaction, the insider now owns 47,931 shares of the company's stock, valued at approximately $3,613,038.78. This represents a 17.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the sale, the director now owns 172,162 shares of the company's stock, valued at $12,784,750.12. The trade was a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 493,482 shares of company stock valued at $40,288,720 in the last 90 days. Company insiders own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

SCHW has been the subject of several recent research reports. JMP Securities reissued a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a report on Monday, April 21st. Piper Sandler raised their target price on shares of Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. JPMorgan Chase & Co. increased their price objective on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Barclays lowered their target price on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Finally, Keefe, Bruyette & Woods increased their price target on Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.22.

Charles Schwab Trading Up 0.2 %

Shares of SCHW stock traded up $0.16 during trading hours on Wednesday, reaching $81.42. 8,232,789 shares of the stock were exchanged, compared to its average volume of 9,353,198. 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 12-month low of $61.01 and a 12-month high of $84.50. The firm has a market capitalization of $147.66 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The company's 50-day moving average price is $76.79 and its 200-day moving average price is $77.25.

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

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, May 9th. Charles Schwab's payout ratio is presently 32.73%.

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.