Markel Group Inc. Has $100.94 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Markel Group Inc. lifted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 1.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,363,800 shares of the financial services provider's stock after acquiring an additional 13,000 shares during the period. Markel Group Inc. owned 0.08% of Charles Schwab worth $100,935,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in Charles Schwab in the 3rd quarter valued at approximately $25,000. Prospera Private Wealth LLC acquired a new stake in Charles Schwab in the third quarter valued at $31,000. Planning Capital Management Corp purchased a new stake in shares of Charles Schwab during the 3rd quarter worth $33,000. Peterson Financial Group Inc. acquired a new position in shares of Charles Schwab during the 3rd quarter worth $35,000. Finally, Financial Life Planners purchased a new stake in Charles Schwab during the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Up 2.6 %

NYSE:SCHW traded up $1.89 during mid-day trading on Wednesday, reaching $74.36. The stock had a trading volume of 7,725,608 shares, compared to its average volume of 12,176,923. The stock has a market cap of $134.86 billion, a P/E ratio of 24.92, a PEG ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The business's 50 day moving average is $78.42 and its 200 day moving average is $74.16. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

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Charles Schwab (NYSE:SCHW - Get Free Report) last posted 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 business had revenue of $5.33 billion for 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 firm's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. As a group, sell-side analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.27 dividend. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.45%. Charles Schwab's dividend payout ratio is presently 36.12%.

Insider Buying and Selling

In related news, General Counsel Peter J. Morgan III sold 14,643 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $38,057,761.39. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 501,087 shares of company stock worth $40,952,233 in the last quarter. 6.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SCHW. Wells Fargo & Company upgraded shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Citigroup boosted their price target on Charles Schwab from $80.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Morgan Stanley increased their price objective on Charles Schwab from $84.00 to $91.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods upped their target price 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, Truist Financial lifted their price target on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Two equities research 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, the stock presently has an average rating of "Hold" and a consensus target price of $86.33.

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.