Universal Beteiligungs und Servicegesellschaft mbH Buys 68,858 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,181,563 shares of the financial services provider's stock after buying an additional 68,858 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Charles Schwab worth $92,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of SCHW. Atwood & Palmer Inc. purchased a new stake in shares of Charles Schwab in the 1st quarter valued at $25,000. Westside Investment Management Inc. boosted its stake in shares of Charles Schwab by 75.0% in the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. WFA Asset Management Corp purchased a new stake in Charles Schwab during the 1st quarter valued at $33,000. Cornerstone Planning Group LLC boosted its position in Charles Schwab by 90.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider's stock valued at $36,000 after buying an additional 220 shares during the period. Finally, Beacon Capital Management LLC boosted its position in Charles Schwab by 53.1% during the 1st quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock valued at $38,000 after buying an additional 169 shares during the period. Hedge funds and other institutional investors own 84.38% of the company's stock.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Nigel J. Murtagh sold 20,872 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total transaction of $1,878,688.72. Following the completion of the sale, the insider directly owned 58,999 shares in the company, valued at approximately $5,310,499.99. This trade represents a 26.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paula A. Sneed sold 8,647 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $88.06, for a total transaction of $761,454.82. Following the sale, the director owned 105,654 shares of the company's stock, valued at approximately $9,303,891.24. This represents a 7.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 116,313 shares of company stock worth $10,264,091 in the last 90 days. Insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SCHW shares. Redburn Atlantic raised shares of Charles Schwab from a "sell" rating to a "neutral" rating and increased their price target for the company from $65.00 to $82.00 in a research report on Monday, June 9th. Raymond James Financial reissued an "outperform" rating and set a $99.00 price target on shares of Charles Schwab in a research report on Friday, July 18th. Morgan Stanley reissued an "overweight" rating and set a $117.00 price target (up previously from $83.00) on shares of Charles Schwab in a research report on Tuesday, July 15th. Citigroup increased their price target on shares of Charles Schwab from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Monday. Finally, UBS Group upped their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $98.65.

Charles Schwab Stock Up 1.5%

Shares of Charles Schwab stock traded up $1.39 during trading on Thursday, hitting $96.54. The company's stock had a trading volume of 6,798,797 shares, compared to its average volume of 10,264,746. The company has a market capitalization of $175.41 billion, a PE ratio of 25.95, a P/E/G ratio of 0.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53. The Charles Schwab Corporation has a 52 week low of $61.15 and a 52 week high of $97.50. The company has a fifty day simple moving average of $90.00 and a two-hundred day simple moving average of $82.48.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The financial services provider reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.04. The business had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.64 billion. Charles Schwab had a net margin of 33.68% and a return on equity of 19.73%. Charles Schwab's revenue was up 24.8% compared to the same quarter last year. During the same period last year, the business earned $0.73 EPS. Equities research analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

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.