The Charles Schwab Corporation $SCHW Stock Holdings Boosted by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its position in The Charles Schwab Corporation (NYSE:SCHW) by 32.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 195,018 shares of the financial services provider’s stock after buying an additional 47,326 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Charles Schwab were worth $18,618,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Steigerwald Gordon & Koch Inc. raised its position in Charles Schwab by 27.3% in the third quarter. Steigerwald Gordon & Koch Inc. now owns 2,807 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 602 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its stake in shares of Charles Schwab by 80.8% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 4,864 shares of the financial services provider’s stock worth $464,000 after purchasing an additional 2,173 shares during the last quarter. Cypress Capital LLC bought a new stake in shares of Charles Schwab in the 3rd quarter worth approximately $1,689,000. Venturi Wealth Management LLC lifted its stake in Charles Schwab by 38.6% during the third quarter. Venturi Wealth Management LLC now owns 3,718 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 1,035 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in Charles Schwab by 1.9% during the third quarter. Benjamin Edwards Inc. now owns 7,170 shares of the financial services provider’s stock worth $684,000 after buying an additional 137 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price target on Charles Schwab from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Truist Financial raised their price objective on Charles Schwab from $113.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Research lowered Charles Schwab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Morgan Stanley upped their target price on Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a report on Monday, December 22nd. Finally, Barclays increased their price target on Charles Schwab from $111.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $111.25.

Insider Activity

In related news, insider Jonathan S. Beatty sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $102.01, for a total transaction of $204,020.00. Following the completion of the sale, the insider directly owned 11,923 shares in the company, valued at approximately $1,216,265.23. This trade represents a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.30% of the stock is owned by company insiders.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $101.35 on Friday. The Charles Schwab Corporation has a 12 month low of $65.88 and a 12 month high of $104.76. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47. The stock has a market cap of $180.10 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 0.71 and a beta of 0.94. The business has a fifty day simple moving average of $96.22 and a 200-day simple moving average of $94.98.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.06. The firm had revenue of $6.38 billion for the quarter, compared to analyst estimates of $5.93 billion. Charles Schwab had a return on equity of 21.02% and a net margin of 35.93%.Charles Schwab’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 earnings per share. On average, sell-side analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, November 14th. Charles Schwab’s dividend payout ratio is 25.29%.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.