Caxton Associates LP Invests $603,000 in The Charles Schwab Co. (NYSE:SCHW)

Caxton Associates LP acquired a new stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,147 shares of the financial services provider's stock, valued at approximately $603,000.

A number of other institutional investors also recently bought and sold shares of SCHW. Vanguard Group Inc. raised its holdings in Charles Schwab by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock worth $9,516,075,000 after purchasing an additional 1,187,384 shares during the period. Geode Capital Management LLC raised its stake in shares of Charles Schwab by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider's stock worth $2,279,742,000 after buying an additional 760,043 shares during the period. Fisher Asset Management LLC lifted its position in shares of Charles Schwab by 1.3% during the 4th 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 buying an additional 265,708 shares in the last quarter. Norges Bank bought a new position in shares of Charles Schwab during the 4th quarter valued at approximately $1,289,544,000. Finally, Northern Trust Corp increased its holdings in Charles Schwab by 13.4% in the 4th quarter. Northern Trust Corp now owns 15,739,917 shares of the financial services provider's stock worth $1,164,911,000 after acquiring an additional 1,864,286 shares in the last quarter. Institutional investors own 84.38% of the company's stock.

Insider Buying and Selling

In other news, insider Jonathan M. Craig sold 9,559 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $82.00, for a total transaction of $783,838.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the sale, the director now owns 172,162 shares of the company's stock, valued at $12,784,750.12. The trade was a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 503,041 shares of company stock valued at $41,072,558 in the last 90 days. Company insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SCHW. Barclays dropped their price target on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Piper Sandler increased their price target on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. The Goldman Sachs Group upgraded Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research report on Friday, April 25th. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and increased their target price for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Finally, Redburn Partners dropped their price target on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research note on Friday, January 17th. 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $87.22.

Charles Schwab Stock Performance

Charles Schwab stock opened at $82.87 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $150.28 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50. The company's 50-day moving average is $77.08 and its 200 day moving average is $77.61.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period in the prior year, the business posted $0.74 earnings per share. Research analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, May 9th. Charles Schwab's payout ratio is presently 32.73%.

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.

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