ProShare Advisors LLC Has $23.71 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

ProShare Advisors LLC boosted its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 320,350 shares of the financial services provider's stock after purchasing an additional 33,230 shares during the quarter. ProShare Advisors LLC's holdings in Charles Schwab were worth $23,709,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Quantinno Capital Management LP boosted its holdings in Charles Schwab by 80.8% in the fourth quarter. Quantinno Capital Management LP now owns 97,562 shares of the financial services provider's stock valued at $7,221,000 after acquiring an additional 43,605 shares during the last quarter. Mufg Securities Americas Inc. bought a new position in shares of Charles Schwab during the 4th quarter worth approximately $1,633,000. Man Group plc boosted its holdings in shares of Charles Schwab by 27.8% during the 4th quarter. Man Group plc now owns 465,100 shares of the financial services provider's stock worth $34,422,000 after buying an additional 101,187 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Charles Schwab by 5.8% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 190,192 shares of the financial services provider's stock worth $14,215,000 after buying an additional 10,465 shares in the last quarter. Finally, Nearwater Capital Markets Ltd bought a new position in shares of Charles Schwab during the 4th quarter worth approximately $7,401,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $88.72 on Friday. The firm has a 50-day moving average of $78.76 and a 200-day moving average of $78.36. The company has a market cap of $160.89 billion, a P/E ratio of 29.67, a P/E/G ratio of 0.99 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $88.87.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate 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 company posted $0.74 earnings per share. Equities research analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.22%. Charles Schwab's payout ratio is currently 32.73%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Piper Sandler increased their price target on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. UBS Group increased their price target on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and increased their price target for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. 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 report on Friday, April 25th. Finally, Wells Fargo & Company cut their price target on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Charles Schwab has an average rating of "Moderate Buy" and a consensus price target of $88.33.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the transaction, the director now owns 172,162 shares in the company, valued at $12,784,750.12. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan M. Craig sold 9,559 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $82.00, for a total transaction of $783,838.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,412 shares of company stock worth $3,014,797. 6.30% of the stock is owned by company insiders.

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.

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