BayBridge Capital Group LLC Purchases Shares of 17,369 The Charles Schwab Co. (NYSE:SCHW)

BayBridge Capital Group LLC bought a new stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,369 shares of the financial services provider's stock, valued at approximately $1,133,000. Charles Schwab accounts for about 1.1% of BayBridge Capital Group LLC's portfolio, making the stock its 24th largest position.

A number of other large investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its holdings in Charles Schwab by 4.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider's stock worth $2,132,454,000 after buying an additional 1,219,015 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Charles Schwab by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider's stock worth $1,281,584,000 after purchasing an additional 296,317 shares in the last quarter. Invesco Ltd. increased its position in shares of Charles Schwab by 3.3% during the third quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider's stock worth $854,295,000 after purchasing an additional 502,304 shares in the last quarter. Northern Trust Corp raised its stake in Charles Schwab by 2.3% in the 3rd quarter. Northern Trust Corp now owns 15,550,474 shares of the financial services provider's stock valued at $853,721,000 after purchasing an additional 356,112 shares during the last quarter. Finally, Norges Bank purchased a new position in Charles Schwab in the 4th quarter valued at $950,192,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total value of $587,610.00. Following the completion of the transaction, the director now directly owns 585,057 shares in the company, valued at approximately $38,198,371.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Peter B. Crawford sold 5,500 shares of the business's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $65.71, for a total transaction of $361,405.00. Following the completion of the sale, the chief financial officer now owns 24,111 shares in the company, valued at approximately $1,584,333.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total transaction of $587,610.00. Following the sale, the director now owns 585,057 shares of the company's stock, valued at $38,198,371.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 622,536 shares of company stock valued at $46,208,155. 6.60% of the stock is owned by insiders.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded down $2.93 during midday trading on Thursday, hitting $72.34. The stock had a trading volume of 14,673,379 shares, compared to its average volume of 7,615,976. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average price of $73.50 and a two-hundred day moving average price of $67.05. The company has a market capitalization of $128.57 billion, a PE ratio of 30.27, a P/E/G ratio of 1.15 and a beta of 0.98.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. As a group, equities analysts predict that The Charles Schwab Co. will post 3.4 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab's payout ratio is currently 41.84%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SCHW. Citigroup boosted their price objective on Charles Schwab from $70.00 to $75.00 and gave the stock a "neutral" rating in a research note on Thursday, April 11th. TD Cowen dropped their price objective on shares of Charles Schwab from $92.00 to $88.00 and set a "buy" rating for the company in a report on Thursday. UBS Group raised their price objective on shares of Charles Schwab from $87.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the company an "overweight" rating in a research note on Tuesday, April 16th. Finally, Barclays lifted their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Hold" and a consensus target price of $75.12.

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.