B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in The Charles Schwab Co. (NYSE:SCHW)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in The Charles Schwab Co. (NYSE:SCHW - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 220,261 shares of the financial services provider's stock, valued at approximately $14,275,000.

Several other hedge funds have also recently modified their holdings of SCHW. Price T Rowe Associates Inc. MD increased its position in Charles Schwab by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider's stock worth $5,230,657,000 after buying an additional 2,946,327 shares in the last quarter. Darsana Capital Partners LP increased its position 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 worth $221,070,000 after buying an additional 2,000,000 shares in the last quarter. AustralianSuper Pty Ltd increased its position in Charles Schwab by 2,617.6% in the third quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider's stock worth $110,681,000 after buying an additional 1,644,931 shares in the last quarter. Westwood Holdings Group Inc. increased its position in Charles Schwab by 231.2% in the first quarter. Westwood Holdings Group Inc. now owns 1,498,929 shares of the financial services provider's stock worth $108,433,000 after buying an additional 1,046,322 shares in the last quarter. Finally, Boston Partners increased its position in Charles Schwab by 21.2% in the first quarter. Boston Partners now owns 5,395,138 shares of the financial services provider's stock worth $390,856,000 after buying an additional 944,048 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Price Performance

Charles Schwab stock traded down $1.21 during midday trading on Tuesday, reaching $80.18. 6,546,123 shares of the stock traded hands, compared to its average volume of 8,106,258. The stock's fifty day moving average is $69.10 and its 200-day moving average is $69.64. The Charles Schwab Co. has a 12 month low of $55.42 and a 12 month high of $82.50. The stock has a market cap of $142.69 billion, a P/E ratio of 31.80, a PEG ratio of 1.76 and a beta of 0.96. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the business posted $0.77 earnings per share. The company's quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. Charles Schwab's dividend payout ratio (DPR) is presently 39.06%.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total value of $2,150,368.00. Following the completion of the sale, the director now owns 551,329 shares in the company, valued at approximately $39,783,900.64. The trade was a 5.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,645 shares of company stock worth $7,440,627 over the last ninety days. Company insiders own 6.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SCHW shares. Jefferies Financial Group reduced their price target on Charles Schwab from $79.00 to $73.00 and set a "buy" rating for the company in a research report on Friday, October 4th. Wells Fargo & Company upped their price target on Charles Schwab from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. The Goldman Sachs Group upped their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods upped their price objective on Charles Schwab from $76.00 to $81.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $77.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued 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 price target of $74.18.

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.