Flossbach Von Storch SE Has $846.26 Million Position in The Charles Schwab Corporation (NYSE:SCHW)

Flossbach Von Storch SE grew its stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 0.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,810,644 shares of the financial services provider's stock after acquiring an additional 76,568 shares during the period. Charles Schwab accounts for approximately 3.7% of Flossbach Von Storch SE's holdings, making the stock its 9th largest position. Flossbach Von Storch SE owned approximately 0.60% of Charles Schwab worth $846,257,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SCHW. DekaBank Deutsche Girozentrale increased its holdings in shares of Charles Schwab by 5.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 419,318 shares of the financial services provider's stock worth $32,360,000 after purchasing an additional 23,212 shares during the period. Personal CFO Solutions LLC increased its holdings in shares of Charles Schwab by 2.0% during the first quarter. Personal CFO Solutions LLC now owns 11,457 shares of the financial services provider's stock worth $897,000 after purchasing an additional 221 shares during the period. Stratos Wealth Advisors LLC increased its stake in Charles Schwab by 11.0% in the first quarter. Stratos Wealth Advisors LLC now owns 15,553 shares of the financial services provider's stock valued at $1,218,000 after acquiring an additional 1,544 shares during the last quarter. Stratos Investment Management LLC boosted its holdings in shares of Charles Schwab by 28.8% in the 1st quarter. Stratos Investment Management LLC now owns 10,927 shares of the financial services provider's stock valued at $855,000 after purchasing an additional 2,444 shares in the last quarter. Finally, Brown Advisory Inc. boosted its holdings in shares of Charles Schwab by 37.4% in the 1st quarter. Brown Advisory Inc. now owns 6,454,052 shares of the financial services provider's stock valued at $505,223,000 after purchasing an additional 1,757,720 shares in the last quarter. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Down 1.2%

Charles Schwab stock traded down $1.08 during trading hours on Friday, hitting $91.96. The stock had a trading volume of 6,814,781 shares, compared to its average volume of 9,572,485. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $167.09 billion, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 0.97 and a beta of 0.93. The Charles Schwab Corporation has a 12-month low of $61.01 and a 12-month high of $93.35. The stock's 50-day moving average price is $88.35 and its 200-day moving average price is $81.29.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly 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. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period in the previous year, the business posted $0.74 earnings per share. Equities research analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.17%. Charles Schwab's dividend payout ratio is presently 32.73%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their target price on Charles Schwab from $87.00 to $102.00 and gave the company an "overweight" rating in a report on Friday. JMP Securities reaffirmed a "market outperform" rating and issued a $94.00 target price on shares of Charles Schwab in a report on Monday, April 21st. William Blair cut Charles Schwab from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. Truist Financial upped their target price on Charles Schwab from $97.00 to $100.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Finally, The Goldman Sachs Group upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and an average target price of $92.70.

Insider Transactions at Charles Schwab

In other news, insider Paul V. Woolway sold 3,290 shares of Charles Schwab stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $90.95, for a total value of $299,225.50. Following the completion of the sale, the insider directly owned 35,864 shares in the company, valued at $3,261,830.80. The trade was a 8.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jonathan S. Beatty sold 2,850 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $87.57, for a total transaction of $249,574.50. Following the sale, the insider owned 15,219 shares of the company's stock, valued at $1,332,727.83. This trade represents a 15.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 119,905 shares of company stock valued at $10,530,833. Company insiders own 6.30% of the company's stock.

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.