The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Flossbach Von Storch AG

Flossbach Von Storch AG decreased its holdings in The Charles Schwab Co. (NYSE:SCHW) by 2.6% during the 4th quarter, HoldingsChannel reports. The fund owned 17,271,428 shares of the financial services provider’s stock after selling 461,275 shares during the quarter. Charles Schwab comprises approximately 5.4% of Flossbach Von Storch AG’s investment portfolio, making the stock its 4th largest holding. Flossbach Von Storch AG’s holdings in Charles Schwab were worth $1,188,274,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sugarloaf Wealth Management LLC raised its position in shares of Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 165 shares in the last quarter. Hall Laurie J Trustee acquired a new position in shares of Charles Schwab in the 4th quarter valued at about $34,000. Worth Asset Management LLC bought a new position in Charles Schwab in the first quarter worth about $32,000. Providence Capital Advisors LLC bought a new position in shares of Charles Schwab during the third quarter valued at approximately $28,000. Finally, Glass Jacobson Investment Advisors llc boosted its position in Charles Schwab by 81.0% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 268 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SCHW shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. TD Cowen lifted their price target on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday. JMP Securities restated a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a research report on Tuesday. Piper Sandler boosted their price target on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, Barclays lifted their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Charles Schwab has an average rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Price Performance

Shares of NYSE:SCHW traded down $0.57 on Wednesday, reaching $72.50. 9,667,958 shares of the company traded hands, compared to its average volume of 7,749,902. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $128.76 billion, a PE ratio of 30.33, a P/E/G ratio of 1.08 and a beta of 1.01. The company’s 50 day moving average is $68.17 and its 200-day moving average is $62.82. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $73.88.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. The firm had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 EPS. As a group, analysts anticipate that The Charles Schwab Co. will post 3.4 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio is 41.84%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the sale, the chief financial officer now directly owns 37,611 shares in the company, valued at approximately $2,425,533.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Charles R. Schwab sold 16,390 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $63.94, for a total value of $1,047,976.60. Following the transaction, the chairman now directly owns 61,331,688 shares of the company’s stock, valued at $3,921,548,130.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the sale, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The disclosure for this sale can be found here. Insiders have sold a total of 216,584 shares of company stock valued at $14,200,769 in the last three months. 6.60% of the stock is currently owned by company insiders.

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.