Bayesian Capital Management LP Has $3.62 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Bayesian Capital Management LP lessened its stake in The Charles Schwab Co. (NYSE:SCHW) by 51.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 48,900 shares of the financial services provider’s stock after selling 52,200 shares during the quarter. Bayesian Capital Management LP’s holdings in Charles Schwab were worth $3,619,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Murphy & Mullick Capital Management Corp acquired a new position in Charles Schwab during the 4th quarter worth approximately $38,000. Atala Financial Inc bought a new stake in shares of Charles Schwab in the fourth quarter worth $41,000. Knuff & Co LLC boosted its holdings in Charles Schwab by 1,309.3% during the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 563 shares during the last quarter. Financial Life Planners bought a new position in Charles Schwab in the fourth quarter valued at $46,000. Finally, Whipplewood Advisors LLC acquired a new stake in Charles Schwab in the 4th quarter valued at $46,000. Institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SCHW shares. Citigroup upgraded Charles Schwab from a “neutral” rating to a “buy” rating and raised their price objective for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. Truist Financial decreased their price target on Charles Schwab from $85.00 to $84.00 and set a “buy” rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. upped their price objective on Charles Schwab from $92.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. JMP Securities reissued a “market outperform” rating and issued a $94.00 target price on shares of Charles Schwab in a research note on Monday, April 21st. Finally, UBS Group upped their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.22.

Charles Schwab Trading Up 2.0 %

SCHW stock opened at $83.10 on Friday. 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 company’s 50-day simple moving average is $76.90 and its 200 day simple moving average is $77.45. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. The company has a market capitalization of $150.71 billion, a PE ratio of 27.79, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. As a group, sell-side analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.30%. Charles Schwab’s dividend payout ratio (DPR) is presently 32.73%.

Insider Buying and Selling at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the company’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 transaction of $38,057,761.39. Following the completion of the sale, the chairman now owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the transaction, the director now directly owns 172,162 shares in the company, valued at $12,784,750.12. This trade represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 503,041 shares of company stock valued at $41,072,558 in the last three months. Corporate insiders own 6.30% of the company’s stock.

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.