Siemens Fonds Invest GmbH Reduces Holdings in The Charles Schwab Co. (NYSE:SCHW)

Siemens Fonds Invest GmbH lowered its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 85.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,201 shares of the financial services provider's stock after selling 35,615 shares during the period. Siemens Fonds Invest GmbH's holdings in Charles Schwab were worth $459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in SCHW. Murphy & Mullick Capital Management Corp acquired a new stake in Charles Schwab during the fourth quarter worth $38,000. Atala Financial Inc purchased a new position in shares of Charles Schwab during the 4th quarter worth $41,000. Knuff & Co LLC increased its position in shares of Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after purchasing an additional 563 shares during the last quarter. Financial Life Planners purchased a new stake in Charles Schwab in the 4th quarter valued at about $46,000. Finally, Whipplewood Advisors LLC acquired a new position in Charles Schwab in the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SCHW. Barclays dropped their price target on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. The Goldman Sachs Group raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research report on Friday, April 25th. Truist Financial boosted their target price on Charles Schwab from $84.00 to $97.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. raised their price target on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, Morgan Stanley boosted their price objective on Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $89.63.

Charles Schwab Stock Down 0.1%

Shares of Charles Schwab stock traded down $0.11 on Tuesday, reaching $88.00. 6,123,939 shares of the company were exchanged, compared to its average volume of 9,395,601. The stock's 50 day moving average price is $81.16 and its 200-day moving average price is $79.49. 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 1-year low of $61.01 and a 1-year high of $89.85. The company has a market cap of $159.89 billion, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly 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 company had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter in the previous year, the business posted $0.74 EPS. As a group, equities analysts forecast 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. Investors of record on Friday, May 9th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Insider Activity at Charles Schwab

In related news, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction 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 transaction, the director now owns 172,162 shares of the company's stock, valued at $12,784,750.12. This represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jonathan M. Craig sold 47,500 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total value of $4,201,850.00. The disclosure for this sale can be found here. Insiders have sold 107,495 shares of company stock valued at $9,137,323 over the last quarter. 6.30% of the stock is owned by insiders.

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.