Voya Financial Advisors Inc. Buys 1,812 Shares of The Charles Schwab Co. (NYSE:SCHW)

Voya Financial Advisors Inc. boosted its position in The Charles Schwab Co. (NYSE:SCHW) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,448 shares of the financial services provider’s stock after acquiring an additional 1,812 shares during the quarter. Charles Schwab accounts for approximately 0.5% of Voya Financial Advisors Inc.’s portfolio, making the stock its 20th largest holding. Voya Financial Advisors Inc.’s holdings in Charles Schwab were worth $4,247,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SCHW. Vanguard Group Inc. grew its holdings in shares of Charles Schwab by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider’s stock valued at $9,516,075,000 after purchasing an additional 1,187,384 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Charles Schwab by 2.5% during the fourth 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 during the last quarter. Franklin Resources Inc. increased its holdings in shares of Charles Schwab by 15.0% in the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock worth $1,644,674,000 after buying an additional 3,157,923 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Charles Schwab by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider’s stock valued at $1,513,894,000 after acquiring an additional 265,708 shares during the last quarter. Finally, Norges Bank purchased a new stake in Charles Schwab during the 4th quarter valued at about $1,289,544,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the transaction, the chairman now owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This represents a 35.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul V. Woolway sold 8,614 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $80.00, for a total value of $689,120.00. Following the completion of the sale, the insider now owns 49,204 shares in the company, valued at $3,936,320. This represents a 14.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 493,482 shares of company stock valued at $40,288,720 over the last ninety days. 6.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of analyst reports. UBS Group increased their price objective on Charles Schwab from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday. Truist Financial dropped their price target on shares of Charles Schwab from $85.00 to $84.00 and set a “buy” rating for the company in a research report on Monday. Redburn Partners decreased their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research report on Friday, January 17th. Keefe, Bruyette & Woods increased their target price on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Morgan Stanley upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and set a $76.00 price target on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab has an average rating of “Moderate Buy” and a consensus price target of $85.78.

Charles Schwab Trading Up 1.9 %

Charles Schwab stock opened at $79.36 on Friday. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50. The business’s fifty day moving average is $76.85 and its 200 day moving average is $76.85. The stock has a market capitalization of $143.92 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. 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 announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period in the previous year, the business posted $0.74 earnings per share. On average, sell-side analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.36%. Charles Schwab’s dividend 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.