BIT Capital GmbH Acquires Shares of 11,296 The Charles Schwab Co. (NYSE:SCHW)

BIT Capital GmbH purchased a new stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,296 shares of the financial services provider's stock, valued at approximately $836,000.

Several other institutional investors also recently added to or reduced their stakes in SCHW. Vanguard Group Inc. lifted its stake in Charles Schwab by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock valued at $9,516,075,000 after purchasing an additional 1,187,384 shares during the last quarter. State Street Corp grew its stake in shares of Charles Schwab by 0.7% during the 3rd quarter. State Street Corp now owns 62,076,447 shares of the financial services provider's stock worth $4,023,175,000 after acquiring an additional 414,949 shares during the period. Geode Capital Management LLC increased its holdings in Charles Schwab by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 30,141,441 shares of the financial services provider's stock worth $1,945,614,000 after acquiring an additional 445,304 shares during the last quarter. Franklin Resources Inc. raised its stake in Charles Schwab by 15.0% in the 3rd 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. Finally, Fisher Asset Management LLC lifted its holdings in Charles Schwab by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider's stock valued at $1,513,894,000 after purchasing an additional 265,708 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

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Insider Buying and Selling at Charles Schwab

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

Charles Schwab Trading Down 0.0 %

Charles Schwab stock traded down $0.01 during mid-day trading on Monday, hitting $77.80. The company's stock had a trading volume of 2,231,380 shares, compared to its average volume of 8,827,551. The business has a 50 day moving average price of $79.55 and a 200-day moving average price of $75.45. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The stock has a market cap of $141.10 billion, a price-to-earnings ratio of 26.00, 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 current ratio of 0.47 and a quick ratio of 0.47.

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

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.27 per share. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab's dividend payout ratio is currently 36.12%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SCHW shares. Morgan Stanley lifted their target price on shares of Charles Schwab from $84.00 to $91.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. UBS Group lifted their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Piper Sandler increased their target price on Charles Schwab from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Citigroup raised their target price on Charles Schwab from $80.00 to $85.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Finally, Barclays boosted their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Charles Schwab has an average rating of "Hold" and a consensus price target of $86.33.

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.