MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $1.14 Million Position in The Charles Schwab Co. (NYSE:SCHW)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 888.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,346 shares of the financial services provider’s stock after acquiring an additional 13,794 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Charles Schwab were worth $1,135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHW. Point72 Hong Kong Ltd acquired a new stake in shares of Charles Schwab during the 2nd quarter worth approximately $168,000. APG Asset Management N.V. boosted its holdings in shares of Charles Schwab by 6.5% in the 2nd quarter. APG Asset Management N.V. now owns 2,458,359 shares of the financial services provider’s stock valued at $169,029,000 after purchasing an additional 149,033 shares in the last quarter. Elgethun Capital Management increased its stake in shares of Charles Schwab by 0.9% in the 2nd quarter. Elgethun Capital Management now owns 143,319 shares of the financial services provider’s stock valued at $10,561,000 after purchasing an additional 1,330 shares during the last quarter. Drucker Wealth 3.0 LLC acquired a new position in shares of Charles Schwab during the 2nd quarter worth $2,902,000. Finally, Darsana Capital Partners LP boosted its stake in Charles Schwab by 200.0% in the second quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock valued at $221,070,000 after buying an additional 2,000,000 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. Piper Sandler boosted their target price on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Bank of America dropped their price objective on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research note on Wednesday, October 16th. Jefferies Financial Group upped their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Redburn Partners cut their price objective on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Finally, Raymond James reduced their price objective on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and a consensus price target of $83.83.

Insider Buying and Selling

In related news, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,391,674.38. The trade was a 12.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher V. Dodds sold 9,284 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the sale, the director now directly owns 442,807 shares of the company’s stock, valued at $36,057,774.01. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,823 shares of company stock valued at $2,171,194 over the last ninety days. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Price Performance

SCHW stock opened at $81.96 on Friday. 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 firm has a market cap of $145.86 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 1.46 and a beta of 0.99. The company’s fifty day simple moving average is $77.75 and its 200 day simple moving average is $70.75. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $83.35.

Charles Schwab (NYSE:SCHW) last announced its 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. The company had revenue of $5.33 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 EPS. On average, analysts expect that The Charles Schwab Co. will post 4.09 earnings per share for the current year.

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.