Flossbach Von Storch SE decreased its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,734,076 shares of the financial services provider's stock after selling 816,685 shares during the period. Charles Schwab accounts for about 3.2% of Flossbach Von Storch SE's investment portfolio, making the stock its 12th largest holding. Flossbach Von Storch SE owned 0.60% of Charles Schwab worth $794,429,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Hardy Reed LLC raised its holdings in Charles Schwab by 1.3% during the 4th quarter. Hardy Reed LLC now owns 13,225 shares of the financial services provider's stock worth $979,000 after buying an additional 166 shares during the period. Handelsbanken Fonder AB increased its position in shares of Charles Schwab by 11.0% in the fourth quarter. Handelsbanken Fonder AB now owns 533,712 shares of the financial services provider's stock worth $39,500,000 after acquiring an additional 52,845 shares in the last quarter. Jacobson & Schmitt Advisors LLC raised its holdings in shares of Charles Schwab by 0.4% during the fourth quarter. Jacobson & Schmitt Advisors LLC now owns 162,359 shares of the financial services provider's stock valued at $12,016,000 after acquiring an additional 718 shares during the period. Ieq Capital LLC lifted its position in shares of Charles Schwab by 32.4% in the 4th quarter. Ieq Capital LLC now owns 77,685 shares of the financial services provider's stock valued at $5,749,000 after acquiring an additional 19,020 shares in the last quarter. Finally, Abacus Planning Group Inc. acquired a new position in Charles Schwab in the 4th quarter worth approximately $220,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Charles Schwab
In other news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the transaction, the chairman now owns 827,377 shares in the company, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 490,120 shares of company stock valued at $40,127,472. Corporate insiders own 6.60% of the company's stock.
Charles Schwab Stock Performance
Shares of SCHW traded down $1.33 on Friday, reaching $80.50. 6,270,729 shares of the stock traded hands, compared to its average volume of 12,271,535. The firm has a market cap of $143.38 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 0.99 and a beta of 0.99. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The stock's 50-day moving average price is $77.97 and its 200-day moving average price is $72.83. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.
Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $5.33 billion during the quarter, compared to analysts' expectations of $5.19 billion. During the same quarter in the prior year, the company posted $0.68 EPS. The business'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 business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.34%. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. Charles Schwab's payout ratio is presently 36.12%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on SCHW. UBS Group increased their price objective on Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Barclays lifted their price target on Charles Schwab from $95.00 to $96.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Wells Fargo & Company upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. Redburn Partners decreased their target price on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research report on Friday, January 17th. Finally, Keefe, Bruyette & Woods raised 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. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Charles Schwab has a consensus rating of "Hold" and a consensus target price of $86.33.
Read Our Latest Stock Report on SCHW
Charles Schwab Company Profile
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Free Report)
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.
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