Baxter Bros Inc. Has $4.26 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Baxter Bros Inc. lifted its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 26.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,618 shares of the financial services provider's stock after purchasing an additional 11,904 shares during the quarter. Baxter Bros Inc.'s holdings in Charles Schwab were worth $4,264,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Primecap Management Co. CA increased its stake in Charles Schwab by 310.3% during the 4th quarter. Primecap Management Co. CA now owns 4,252,350 shares of the financial services provider's stock valued at $314,716,000 after buying an additional 3,216,000 shares during the period. Franklin Resources Inc. increased its stake in shares of Charles Schwab by 15.0% during the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider's stock valued at $1,644,674,000 after acquiring an additional 3,157,923 shares during the period. Raymond James Financial Inc. bought a new stake in Charles Schwab during the fourth quarter worth approximately $189,791,000. Veritas Asset Management LLP acquired a new stake in Charles Schwab in the fourth quarter worth approximately $185,649,000. Finally, KBC Group NV boosted its stake in Charles Schwab by 186.7% during the 4th quarter. KBC Group NV now owns 2,138,033 shares of the financial services provider's stock valued at $158,236,000 after purchasing an additional 1,392,255 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Stock Performance

Shares of Charles Schwab stock traded down $1.81 on Friday, reaching $77.79. The stock had a trading volume of 6,456,732 shares, compared to its average volume of 8,853,143. The business's 50-day moving average price is $79.55 and its two-hundred day moving average price is $75.36. The stock has a market cap of $141.08 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50.

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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, topping analysts' consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. On average, sell-side analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend 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 presently 36.12%.

Insider Buying and Selling at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the transaction, the chairman now owns 827,377 shares in the company, valued at $67,770,450.07. The trade was a 35.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Arun Sarin sold 8,548 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the transaction, the director now owns 18,617 shares in the company, valued at $1,523,242.94. The trade was a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 509,701 shares of company stock worth $41,641,353. 6.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SCHW shares. JMP Securities restated a "market outperform" rating and issued a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. TD Cowen raised shares of Charles Schwab from a "hold" rating to a "buy" rating and upped their price target for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 7th. Morgan Stanley lifted their price target on shares of Charles Schwab from $84.00 to $91.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Finally, Piper Sandler lifted their target price on Charles Schwab from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $86.33.

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.