APG Asset Management N.V. Grows Stock Position in The Charles Schwab Co. (NYSE:SCHW)

APG Asset Management N.V. boosted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 495.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,087,154 shares of the financial services provider’s stock after buying an additional 904,430 shares during the quarter. APG Asset Management N.V. owned 0.06% of Charles Schwab worth $77,702,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Charles Schwab in the fourth quarter worth approximately $38,000. Atala Financial Inc bought a new position in Charles Schwab in the 4th quarter valued at $41,000. Knuff & Co LLC increased its stake in Charles Schwab by 1,309.3% in 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 period. Financial Life Planners purchased a new stake in Charles Schwab in the fourth quarter worth $46,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Charles Schwab during the fourth quarter worth $46,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 1.3 %

Shares of Charles Schwab stock opened at $69.97 on Tuesday. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The firm’s 50 day moving average price is $78.84 and its 200-day moving average price is $75.93. 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 company has a market cap of $126.90 billion, a P/E ratio of 23.40, a PEG ratio of 0.99 and a beta of 0.91.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period in the previous year, the company earned $0.68 earnings per share. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, sell-side analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.27 dividend. The ex-dividend date was Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.54%. Charles Schwab’s dividend payout ratio (DPR) is 36.12%.

Insiders Place Their Bets

In other Charles Schwab news, Director Arun Sarin sold 8,548 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the transaction, the director now owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction 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 sale, the chairman now directly owns 827,377 shares in the company, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 513,081 shares of company stock valued at $41,903,066. 6.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. upped their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Piper Sandler lifted their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Jefferies Financial Group increased their price objective on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Morgan Stanley lifted their target price on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Charles Schwab currently has an average rating of “Moderate Buy” and an average target price of $86.28.

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.