Huntington National Bank Has $1.37 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Huntington National Bank decreased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 11.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,191 shares of the financial services provider’s stock after selling 2,869 shares during the quarter. Huntington National Bank’s holdings in Charles Schwab were worth $1,373,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Country Trust Bank bought a new stake in shares of Charles Schwab during the second quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new stake in shares of Charles Schwab during the 3rd quarter valued at $25,000. Washington Trust Advisors Inc. lifted its stake in shares of Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares during the period. Fortitude Family Office LLC boosted its position in shares of Charles Schwab by 97.5% in the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. Finally, American Capital Advisory LLC acquired a new stake in shares of Charles Schwab during the second quarter worth $27,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Trading Up 0.6 %

NYSE SCHW opened at $80.64 on Friday. The stock has a market capitalization of $143.51 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 1.71 and a beta of 0.96. The Charles Schwab Co. has a 52 week low of $55.09 and a 52 week high of $82.50. The stock’s 50 day moving average price is $68.38 and its two-hundred day moving average price is $69.62. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts anticipate that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Friday, November 8th. Charles Schwab’s dividend payout ratio is currently 39.06%.

Insider Buying and Selling

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now owns 554,929 shares of the company’s stock, valued at $35,543,202.45. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the sale, the insider now owns 18,069 shares in the company, valued at $1,391,674.38. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,645 shares of company stock worth $7,440,627. Corporate insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SCHW. Cowen raised their target price on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Piper Sandler boosted their price objective on shares of Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Wells Fargo & Company upped their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $74.18.

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.