Flossbach Von Storch SE Buys 76,568 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Flossbach Von Storch SE increased its position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,810,644 shares of the financial services provider's stock after buying an additional 76,568 shares during the quarter. Charles Schwab comprises approximately 3.7% of Flossbach Von Storch SE's portfolio, making the stock its 9th largest position. Flossbach Von Storch SE owned about 0.60% of Charles Schwab worth $846,257,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Charles Schwab by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock valued at $9,516,075,000 after acquiring an additional 1,187,384 shares during the last quarter. Geode Capital Management LLC grew its position in Charles Schwab by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider's stock worth $2,279,742,000 after buying an additional 760,043 shares during the period. Norges Bank acquired a new position in Charles Schwab during the fourth quarter worth about $1,289,544,000. Northern Trust Corp grew its position in shares of Charles Schwab by 13.4% in the fourth quarter. Northern Trust Corp now owns 15,739,917 shares of the financial services provider's stock valued at $1,164,911,000 after purchasing an additional 1,864,286 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Charles Schwab by 3.0% in the fourth quarter. Invesco Ltd. now owns 14,842,544 shares of the financial services provider's stock valued at $1,098,497,000 after purchasing an additional 430,250 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Price Performance

Shares of Charles Schwab stock traded up $0.36 during midday trading on Wednesday, reaching $92.31. The company had a trading volume of 6,139,737 shares, compared to its average volume of 9,556,327. The stock has a fifty day simple moving average of $87.91 and a 200 day simple moving average of $81.08. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. The Charles Schwab Corporation has a 1-year low of $61.01 and a 1-year high of $92.80. The company has a market capitalization of $167.72 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 0.99 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its 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 quarter in the previous year, the business earned $0.74 EPS. As a group, equities research analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 1.17%. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut their target price on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. William Blair lowered shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Truist Financial increased their price objective on Charles Schwab from $97.00 to $100.00 and gave the stock a "buy" rating in a report on Monday, June 16th. TD Securities increased their price target on Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, The Goldman Sachs Group upgraded Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and an average price target of $90.85.

Insider Activity

In other news, insider Jonathan S. Beatty sold 2,850 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $87.57, for a total value of $249,574.50. Following the sale, the insider directly owned 15,219 shares of the company's stock, valued at approximately $1,332,727.83. This represents a 15.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nigel J. Murtagh sold 20,872 shares of the 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 transaction, the insider directly owned 58,999 shares in the company, valued at approximately $5,310,499.99. This represents a 26.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,905 shares of company stock worth $10,530,833. 6.30% of the stock is currently owned by company insiders.

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.