Mn Services Vermogensbeheer B.V. Has $43.18 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Mn Services Vermogensbeheer B.V. lessened its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 551,600 shares of the financial services provider's stock after selling 44,200 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Charles Schwab were worth $43,179,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Brighton Jones LLC increased its position in Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock worth $1,794,000 after purchasing an additional 19,195 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in Charles Schwab by 7.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 9,415 shares of the financial services provider's stock valued at $697,000 after acquiring an additional 680 shares during the last quarter. Gladstone Institutional Advisory LLC grew its position in Charles Schwab by 2.0% in the fourth 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 in the last quarter. AustralianSuper Pty Ltd increased its stake in shares of Charles Schwab by 11.6% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,905,316 shares of the financial services provider's stock worth $141,012,000 after purchasing an additional 197,545 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in shares of Charles Schwab by 0.8% during the 4th quarter. Valeo Financial Advisors LLC now owns 38,565 shares of the financial services provider's stock valued at $2,854,000 after purchasing an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Insider Transactions at Charles Schwab

In related news, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the sale, the director now directly owns 172,162 shares in the company, valued at $12,784,750.12. This trade represents a 2.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul V. Woolway sold 8,614 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $80.00, for a total transaction of $689,120.00. Following the completion of the sale, the insider now directly owns 49,204 shares in the company, valued at approximately $3,936,320. This represents a 14.90% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,608 shares of company stock valued at $8,392,040. 6.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. TD Securities lifted their target price on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. JMP Securities reaffirmed a "market outperform" rating and issued a $94.00 price target on shares of Charles Schwab in a report on Monday, April 21st. Wells Fargo & Company reduced their target price on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Truist Financial boosted their price objective on Charles Schwab from $84.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and an average price target of $89.25.

Charles Schwab Stock Performance

Shares of SCHW stock traded up $2.25 during trading on Monday, reaching $89.61. 2,159,932 shares of the company's stock were exchanged, compared to its average volume of 9,402,687. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $89.85. The firm's fifty day moving average price is $83.30 and its 200-day moving average price is $79.84. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $162.82 billion, a PE ratio of 29.96, a PEG ratio of 0.99 and a beta of 0.94.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS 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 business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. As a group, sell-side analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced 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 of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.21%. Charles Schwab's payout ratio is presently 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.