KBC Group NV Buys 1,392,255 Shares of The Charles Schwab Co. (NYSE:SCHW)

KBC Group NV increased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 186.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,138,033 shares of the financial services provider’s stock after purchasing an additional 1,392,255 shares during the quarter. KBC Group NV owned 0.12% of Charles Schwab worth $158,236,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SCHW. Dark Forest Capital Management LP bought a new stake in shares of Charles Schwab during the 2nd quarter worth $303,000. Mackenzie Financial Corp lifted its holdings in shares of Charles Schwab by 3.2% in the second quarter. Mackenzie Financial Corp now owns 482,349 shares of the financial services provider’s stock worth $35,544,000 after acquiring an additional 15,166 shares during the last quarter. Kathmere Capital Management LLC acquired a new stake in shares of Charles Schwab in the 2nd quarter valued at approximately $209,000. Driehaus Capital Management LLC grew its stake in shares of Charles Schwab by 25.2% during the second quarter. Driehaus Capital Management LLC now owns 8,638 shares of the financial services provider’s stock worth $637,000 after buying an additional 1,737 shares during the last quarter. Finally, Ascent Group LLC grew its position in Charles Schwab by 12.3% during the 2nd quarter. Ascent Group LLC now owns 80,579 shares of the financial services provider’s stock worth $5,938,000 after acquiring an additional 8,838 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SCHW. JPMorgan Chase & Co. upped their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group upped their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Truist Financial reissued a “buy” rating and issued a $90.00 price objective (up from $86.00) on shares of Charles Schwab in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, Redburn Partners dropped their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $83.83.

Charles Schwab Stock Performance

NYSE:SCHW opened at $81.67 on Monday. The company has a market capitalization of $145.34 billion, a P/E ratio of 27.31, a P/E/G ratio of 1.46 and a beta of 0.99. The business has a fifty day simple moving average of $77.81 and a two-hundred day simple moving average of $70.86. 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 Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.35.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5,190,822.51 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 EPS. On average, analysts expect that The Charles Schwab Co. will post 4.09 earnings per share for the current year.

Insider Buying and Selling at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,466 shares of company stock valued at $3,352,884 in the last 90 days. 6.60% of the stock is currently owned by company insiders.

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.