MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys 4,797 Shares of The Charles Schwab Co. (NYSE:SCHW)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 31.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,143 shares of the financial services provider's stock after buying an additional 4,797 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Charles Schwab were worth $1,577,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ritholtz Wealth Management boosted its position in Charles Schwab by 17.6% in the 1st quarter. Ritholtz Wealth Management now owns 20,662 shares of the financial services provider's stock valued at $1,617,000 after buying an additional 3,089 shares during the last quarter. Affinity Capital Advisors LLC lifted its stake in shares of Charles Schwab by 48.0% during the first quarter. Affinity Capital Advisors LLC now owns 5,210 shares of the financial services provider's stock valued at $401,000 after acquiring an additional 1,689 shares during the period. Dynamic Advisor Solutions LLC bought a new position in Charles Schwab in the first quarter valued at about $1,021,000. Everpar Advisors LLC acquired a new stake in Charles Schwab in the first quarter worth about $236,000. Finally, Opal Wealth Advisors LLC raised its holdings in Charles Schwab by 7.6% during the 1st quarter. Opal Wealth Advisors LLC now owns 3,471 shares of the financial services provider's stock worth $272,000 after purchasing an additional 245 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total value of $261,713.40. Following the transaction, the insider now directly owns 45,824 shares of the company's stock, valued at $3,548,152.32. This represents a 6.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank C. Herringer sold 3,592 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the sale, the director now owns 172,162 shares of the company's stock, valued at approximately $12,784,750.12. This represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,608 shares of company stock worth $8,392,040 over the last ninety days. Insiders own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. TD Securities raised their price objective on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Morgan Stanley increased their price target on shares of Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. TD Cowen upgraded shares of Charles Schwab from a "hold" rating to a "buy" rating and increased their target price for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Citigroup upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and upped their price objective for the company from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Finally, JMP Securities reiterated a "market outperform" rating and set a $94.00 target price on shares of Charles Schwab in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Charles Schwab has an average rating of "Moderate Buy" and an average target price of $89.40.

Charles Schwab Stock Up 1.8%

NYSE:SCHW traded up $1.59 on Monday, hitting $88.95. 7,395,115 shares of the company's stock were exchanged, compared to its average volume of 9,422,752. The company has a market cap of $161.61 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 0.99 and a beta of 0.94. The firm has a 50-day moving average price of $83.30 and a 200-day moving average price of $79.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $89.85.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period in the previous year, the business earned $0.74 EPS. As a group, analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.21%. Charles Schwab's dividend payout ratio (DPR) is 32.73%.

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.