The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Baxter Bros Inc.

Baxter Bros Inc. raised its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 43.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 82,494 shares of the financial services provider's stock after acquiring an additional 24,876 shares during the period. Baxter Bros Inc.'s holdings in Charles Schwab were worth $6,458,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SCHW. Norges Bank acquired a new stake in shares of Charles Schwab in the 4th quarter worth $1,289,544,000. Kovitz Investment Group Partners LLC lifted its stake in shares of Charles Schwab by 354.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 11,005,881 shares of the financial services provider's stock worth $814,545,000 after acquiring an additional 8,584,173 shares during the period. FMR LLC lifted its stake in shares of Charles Schwab by 69.4% in the 4th quarter. FMR LLC now owns 9,700,013 shares of the financial services provider's stock worth $717,898,000 after acquiring an additional 3,974,940 shares during the period. Marshall Wace LLP lifted its stake in shares of Charles Schwab by 742.0% in the 4th quarter. Marshall Wace LLP now owns 4,181,202 shares of the financial services provider's stock worth $309,451,000 after acquiring an additional 3,684,640 shares during the period. Finally, Primecap Management Co. CA lifted its holdings in Charles Schwab by 310.3% in the fourth quarter. Primecap Management Co. CA now owns 4,252,350 shares of the financial services provider's stock valued at $314,716,000 after acquiring an additional 3,216,000 shares during the period. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Trading Down 0.6%

Shares of SCHW traded down $0.49 during mid-day trading on Wednesday, hitting $87.51. The company had a trading volume of 5,543,120 shares, compared to its average volume of 9,380,248. The business's 50-day simple moving average is $81.16 and its 200-day simple moving average is $79.49. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $89.85. The stock has a market cap of $159.00 billion, a PE ratio of 29.27, a P/E/G ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. During the same period last year, the company earned $0.74 earnings per share. Sell-side 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 declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.23%. Charles Schwab's dividend payout ratio (DPR) is 32.73%.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan M. Craig sold 9,559 shares of Charles Schwab 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Paul V. Woolway sold 8,614 shares of Charles Schwab stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $80.00, for a total transaction of $689,120.00. Following the sale, the insider now owns 49,204 shares in the company, valued at $3,936,320. This represents a 14.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,608 shares of company stock valued at $8,392,040 over the last ninety days. Corporate insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Friday, April 25th. Morgan Stanley lifted their price target on shares of Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a report on Tuesday, April 22nd. Wells Fargo & Company dropped their target price on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, TD Cowen upgraded shares of Charles Schwab from a "hold" rating to a "buy" rating and raised their target price for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $89.63.

About Charles Schwab

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.