DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Trims Stake in The Charles Schwab Co. (NYSE:SCHW)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,928,033 shares of the financial services provider's stock after selling 117,254 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.16% of Charles Schwab worth $216,704,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC raised its position in Charles Schwab by 44.6% in the 4th quarter. EP Wealth Advisors LLC now owns 38,564 shares of the financial services provider's stock worth $2,854,000 after purchasing an additional 11,888 shares during the period. Colonial Trust Co SC lifted its stake in shares of Charles Schwab by 30.1% in the 4th quarter. Colonial Trust Co SC now owns 50,439 shares of the financial services provider's stock valued at $3,733,000 after acquiring an additional 11,677 shares during the last quarter. Crestline Management LP purchased a new stake in Charles Schwab during the 4th quarter valued at about $5,044,000. Capital Advantage Inc. purchased a new stake in Charles Schwab during the 4th quarter valued at about $600,000. Finally, Brevan Howard Capital Management LP grew its position in Charles Schwab by 1,043.2% during the 4th quarter. Brevan Howard Capital Management LP now owns 205,416 shares of the financial services provider's stock worth $15,203,000 after acquiring an additional 187,448 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Piper Sandler increased their price objective on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Redburn Partners cut their price target on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a report on Friday, January 17th. UBS Group upped their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Keefe, Bruyette & Woods boosted their price target on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. upped their price target on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Charles Schwab currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.22.

Insider Activity

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was 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 of the company's stock, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan M. Craig sold 9,559 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $82.00, for a total transaction of $783,838.00. The disclosure for this sale can be found here. Insiders have sold a total of 503,041 shares of company stock worth $41,072,558 over the last 90 days. 6.30% of the stock is currently owned by insiders.

Charles Schwab Stock Up 0.2 %

Shares of SCHW traded up $0.16 during mid-day trading on Friday, reaching $84.53. The company had a trading volume of 5,909,955 shares, compared to its average volume of 9,413,142. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $85.19. 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 company has a market capitalization of $153.30 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The firm has a 50-day moving average price of $77.48 and a 200 day moving average price of $77.89.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period in the prior year, the firm posted $0.74 earnings per share. On average, sell-side analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a $0.27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.28%. Charles Schwab's dividend payout ratio is presently 32.73%.

Charles Schwab Company 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.