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

Bayesian Capital Management LP cut its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,900 shares of the financial services provider's stock after selling 52,200 shares during the period. Bayesian Capital Management LP's holdings in Charles Schwab were worth $3,619,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Gladstone Institutional Advisory LLC increased its stake in shares of Charles Schwab by 2.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock valued at $462,000 after buying an additional 124 shares in the last quarter. N.E.W. Advisory Services LLC increased its position in Charles Schwab by 1.7% in the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock valued at $557,000 after acquiring an additional 125 shares in the last quarter. Klingman & Associates LLC raised its stake in shares of Charles Schwab by 3.2% in the fourth quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock worth $302,000 after acquiring an additional 125 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its position in shares of Charles Schwab by 2.7% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock worth $353,000 after purchasing an additional 127 shares in the last quarter. Finally, Personal CFO Solutions LLC grew its stake in shares of Charles Schwab by 1.2% during the fourth quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock valued at $832,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. JMP Securities restated a "market outperform" rating and issued a $94.00 price objective on shares of Charles Schwab in a research report on Monday, April 21st. Redburn Partners cut their price target on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research note on Friday, January 17th. TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods upped their target price on shares of Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research report on Tuesday, April 22nd. Finally, Piper Sandler lifted their price target on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Charles Schwab currently has an average rating of "Moderate Buy" and a consensus target price of $87.22.

Insider Activity 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 stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul V. Woolway sold 9,887 shares of Charles Schwab stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the sale, the insider now directly owns 47,931 shares of the company's stock, valued at approximately $3,613,038.78. The trade was a 17.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 503,041 shares of company stock worth $41,072,558. Company insiders own 6.30% of the company's stock.

Charles Schwab Stock Up 1.4 %

Shares of Charles Schwab stock traded up $1.17 on Wednesday, reaching $84.00. 9,393,654 shares of the company were exchanged, compared to its average volume of 9,383,160. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $77.08 and a 200 day moving average of $77.61. The company has a market capitalization of $152.35 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 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 company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter last year, the firm posted $0.74 EPS. On average, equities research analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Friday, May 9th. Charles Schwab's payout ratio is presently 32.73%.

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.