B. Metzler seel. Sohn & Co. AG Trims Position in The Charles Schwab Co. (NYSE:SCHW)

B. Metzler seel. Sohn & Co. AG reduced its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 23.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,659 shares of the financial services provider's stock after selling 50,602 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Charles Schwab were worth $12,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC increased its holdings in Charles Schwab by 2.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock worth $462,000 after acquiring an additional 124 shares during the period. N.E.W. Advisory Services LLC grew its position in Charles Schwab by 1.7% in the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock worth $557,000 after acquiring an additional 125 shares in the last quarter. Klingman & Associates LLC increased its position in shares of Charles Schwab by 3.2% during the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock valued at $302,000 after purchasing an additional 125 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV grew its holdings in shares of Charles Schwab by 2.7% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 127 shares during the last quarter. Finally, Personal CFO Solutions LLC lifted its stake in shares of Charles Schwab by 1.2% in the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock valued at $832,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

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Charles Schwab Stock Performance

Shares of NYSE:SCHW traded down $0.62 during midday trading on Tuesday, reaching $77.66. 11,417,850 shares of the company's stock traded hands, compared to its average volume of 8,890,593. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50. The company has a market cap of $140.84 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 0.99 and a beta of 0.98. The stock has a 50 day moving average of $79.52 and a 200 day moving average of $75.67.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the firm posted $0.68 EPS. The business's quarterly revenue was up 19.5% compared to the same quarter last year. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.39%. Charles Schwab's payout ratio is currently 36.12%.

Insider Transactions at Charles Schwab

In related news, insider Paul V. Woolway sold 8,614 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $80.00, for a total value of $689,120.00. Following the transaction, the insider now owns 49,204 shares of the company's stock, valued at approximately $3,936,320. This trade represents a 14.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the transaction, the chairman now owns 827,377 shares in the company, valued at $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 509,701 shares of company stock worth $41,641,353 in the last ninety days. Insiders own 6.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SCHW. Citigroup upped their price objective on shares of Charles Schwab from $80.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Truist Financial raised their target price on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, Redburn Partners reduced their price target on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of "Hold" and an average target price of $86.33.

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.