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

Huntington National Bank lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 11.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,191 shares of the financial services provider’s stock after selling 2,869 shares during the period. Huntington National Bank’s holdings in Charles Schwab were worth $1,373,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. M&G Plc acquired a new stake in Charles Schwab in the 1st quarter worth about $11,452,000. Patten & Patten Inc. TN increased its holdings in shares of Charles Schwab by 155.9% during the third quarter. Patten & Patten Inc. TN now owns 104,168 shares of the financial services provider’s stock worth $6,751,000 after purchasing an additional 63,463 shares during the period. Teewinot Capital Advisers L.L.C. raised its position in shares of Charles Schwab by 9.0% in the second quarter. Teewinot Capital Advisers L.L.C. now owns 775,161 shares of the financial services provider’s stock valued at $57,122,000 after buying an additional 64,041 shares in the last quarter. Iowa State Bank boosted its stake in shares of Charles Schwab by 37.9% in the third quarter. Iowa State Bank now owns 28,476 shares of the financial services provider’s stock valued at $1,846,000 after buying an additional 7,829 shares during the period. Finally, Radnor Capital Management LLC bought a new position in Charles Schwab during the 3rd quarter worth $6,081,000. Institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the sale, the director now owns 551,329 shares of the company’s stock, valued at approximately $39,783,900.64. The trade was a 5.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,645 shares of company stock valued at $7,440,627 in the last three months. 6.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Piper Sandler upped their target price on Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Morgan Stanley increased their price objective on shares of Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Citigroup cut their price target on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, September 27th. Finally, The Goldman Sachs Group lifted their price objective on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.18.

Charles Schwab Trading Up 0.6 %

SCHW opened at $80.64 on Friday. The company has a market cap of $143.51 billion, a P/E ratio of 31.50, a price-to-earnings-growth ratio of 1.71 and a beta of 0.96. The company has a fifty day moving average price of $68.38 and a two-hundred day moving average price of $69.62. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 1-year low of $55.09 and a 1-year high of $82.50.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same period last year, the business earned $0.77 EPS. Charles Schwab’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts predict that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

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.