The Charles Schwab Co. (NYSE:SCHW) Stake Lowered by Flossbach Von Storch SE

Flossbach Von Storch SE trimmed its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,734,076 shares of the financial services provider’s stock after selling 816,685 shares during the quarter. Charles Schwab comprises 3.2% of Flossbach Von Storch SE’s portfolio, making the stock its 12th largest position. Flossbach Von Storch SE owned approximately 0.60% of Charles Schwab worth $794,429,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab in the third quarter valued at approximately $25,000. Washington Trust Advisors Inc. grew its holdings in Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in Charles Schwab during the 3rd quarter valued at $31,000. Planning Capital Management Corp acquired a new position in Charles Schwab during the 3rd quarter worth $33,000. Finally, Hazlett Burt & Watson Inc. bought a new position in shares of Charles Schwab in the third quarter worth $33,000. Institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 502,859 shares of company stock valued at $41,161,496 over the last three months. 6.60% of the stock is currently owned by insiders.

Charles Schwab Price Performance

SCHW opened at $82.03 on Thursday. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $84.50. The firm has a market capitalization of $146.11 billion, a P/E ratio of 27.43, a PEG ratio of 0.99 and a beta of 0.99. 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 stock has a fifty day moving average of $77.98 and a 200-day moving average of $72.76.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating 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 analysts’ expectations of $5.19 billion. During the same period in the previous year, the company posted $0.68 EPS. Charles Schwab’s revenue was up 19.5% on a year-over-year basis. Equities analysts forecast 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 will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.27 per share. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.32%. Charles Schwab’s dividend payout ratio is 36.12%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SCHW. Piper Sandler lifted their price objective 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. UBS Group boosted their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Citigroup increased their price objective on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their target price on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods increased their price target on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $86.33.

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.