Invesco Ltd. Has $1.10 Billion Holdings in The Charles Schwab Co. (NYSE:SCHW)

Invesco Ltd. grew its position in The Charles Schwab Co. (NYSE:SCHW) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,842,544 shares of the financial services provider’s stock after buying an additional 430,250 shares during the quarter. Invesco Ltd. owned approximately 0.83% of Charles Schwab worth $1,098,497,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SCHW. Murphy & Mullick Capital Management Corp acquired a new stake in Charles Schwab during the 4th quarter worth about $38,000. Atala Financial Inc purchased a new position in Charles Schwab during the fourth quarter valued at approximately $41,000. Knuff & Co LLC boosted its stake in shares of Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after buying an additional 563 shares during the period. Financial Life Planners purchased a new stake in shares of Charles Schwab during the fourth quarter worth $46,000. Finally, Whipplewood Advisors LLC acquired a new position in Charles Schwab in the 4th quarter worth about $46,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now directly owns 827,377 shares in the company, valued at $67,770,450.07. This trade represents a 35.96 % 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 14,643 shares of Charles Schwab stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Insiders have sold 513,081 shares of company stock valued at $41,903,066 over the last three months. 6.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JMP Securities reissued a “market outperform” rating and issued a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Piper Sandler increased their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. UBS Group upped their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Truist Financial cut their target price on Charles Schwab from $91.00 to $85.00 and set a “buy” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. upped their price target on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Charles Schwab presently has an average rating of “Moderate Buy” and an average price target of $86.94.

Charles Schwab Stock Performance

Shares of NYSE:SCHW opened at $69.07 on Monday. The stock has a market capitalization of $125.26 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The business’s fifty day moving average price is $79.09 and its two-hundred day moving average price is $75.90. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is presently 36.12%.

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.