APG Asset Management N.V. Acquires 904,430 Shares of The Charles Schwab Co. (NYSE:SCHW)

APG Asset Management N.V. increased its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 495.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,087,154 shares of the financial services provider's stock after acquiring an additional 904,430 shares during the period. APG Asset Management N.V. owned about 0.06% of Charles Schwab worth $77,702,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Bernard Wealth Management Corp. purchased a new position in shares of Charles Schwab during the fourth quarter worth approximately $320,000. Renaissance Technologies LLC raised its position in Charles Schwab by 15.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,087,041 shares of the financial services provider's stock worth $80,452,000 after purchasing an additional 147,852 shares during the period. Bank of Nova Scotia lifted its stake in Charles Schwab by 19.3% in the fourth quarter. Bank of Nova Scotia now owns 1,271,724 shares of the financial services provider's stock worth $94,120,000 after purchasing an additional 205,662 shares during the last quarter. FIL Ltd boosted its position in Charles Schwab by 159.0% during the fourth quarter. FIL Ltd now owns 923,000 shares of the financial services provider's stock valued at $68,311,000 after buying an additional 566,591 shares during the period. Finally, Shelton Capital Management grew its stake in shares of Charles Schwab by 17.5% during the fourth quarter. Shelton Capital Management now owns 90,959 shares of the financial services provider's stock valued at $6,732,000 after buying an additional 13,542 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

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Charles Schwab Stock Up 4.2 %

Shares of NYSE:SCHW traded up $3.12 during trading on Friday, hitting $76.97. The stock had a trading volume of 14,847,290 shares, compared to its average volume of 9,284,845. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The company has a market capitalization of $139.59 billion, a PE ratio of 25.74, a PEG ratio of 0.99 and a beta of 0.91. The firm's fifty day moving average is $77.77 and its 200 day moving average is $76.14.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. Analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Friday, February 14th. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio is 36.12%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the firm's 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 sale, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 9,887 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the sale, the insider now owns 47,931 shares in the company, valued at approximately $3,613,038.78. The trade was a 17.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 513,081 shares of company stock valued at $41,903,066. Corporate insiders own 6.60% of the company's stock.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of recent research reports. Truist Financial lowered their target price on Charles Schwab from $91.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, April 4th. Piper Sandler dropped their price objective on Charles Schwab from $78.00 to $74.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Redburn Partners decreased their target price on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research note on Friday, January 17th. Keefe, Bruyette & Woods upped their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Finally, UBS Group raised their price target 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. 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $85.33.

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.