The Charles Schwab Corporation (NYSE:SCHW) Stock Position Boosted by Flossbach Von Storch SE

Flossbach Von Storch SE lifted its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 0.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,810,644 shares of the financial services provider's stock after purchasing an additional 76,568 shares during the quarter. Charles Schwab comprises about 3.7% of Flossbach Von Storch SE's holdings, making the stock its 9th biggest holding. Flossbach Von Storch SE owned approximately 0.60% of Charles Schwab worth $846,257,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale grew its holdings in shares of Charles Schwab by 5.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 419,318 shares of the financial services provider's stock valued at $32,360,000 after purchasing an additional 23,212 shares during the period. Personal CFO Solutions LLC lifted its position in Charles Schwab by 2.0% in the first quarter. Personal CFO Solutions LLC now owns 11,457 shares of the financial services provider's stock valued at $897,000 after buying an additional 221 shares during the last quarter. Stratos Wealth Advisors LLC lifted its position 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 buying an additional 1,544 shares during the last quarter. Stratos Investment Management LLC lifted its position in Charles Schwab by 28.8% in the first quarter. Stratos Investment Management LLC now owns 10,927 shares of the financial services provider's stock valued at $855,000 after buying an additional 2,444 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in Charles Schwab by 37.4% in the first quarter. Brown Advisory Inc. now owns 6,454,052 shares of the financial services provider's stock valued at $505,223,000 after buying an additional 1,757,720 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Up 0.8%

NYSE:SCHW traded up $0.70 during mid-day trading on Thursday, hitting $93.02. The stock had a trading volume of 6,740,737 shares, compared to its average volume of 9,583,592. The stock has a 50-day simple moving average of $88.35 and a two-hundred day simple moving average of $81.29. The company has a market capitalization of $169.01 billion, a PE ratio of 28.19, a PEG ratio of 0.97 and a beta of 0.93. The Charles Schwab Corporation has a twelve month low of $61.01 and a twelve month high of $93.38. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53.

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, beating the consensus estimate of $1.01 by $0.03. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. During the same period in the prior year, the firm posted $0.74 earnings per share. On average, equities research analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.16%. Charles Schwab's dividend payout ratio is currently 32.73%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $94.00 target price on shares of Charles Schwab in a research report on Monday, April 21st. William Blair cut shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Redburn Atlantic raised shares of Charles Schwab from a "sell" rating to a "neutral" rating and upped their target price for the company from $65.00 to $82.00 in a research report on Monday, June 9th. Barclays upped their target price on shares of Charles Schwab from $89.00 to $106.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, UBS Group increased their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $91.95.

Insider Buying and Selling

In other Charles Schwab news, insider Jonathan M. Craig sold 47,500 shares of the stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul V. Woolway sold 10,129 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total transaction of $911,711.29. Following the completion of the transaction, the insider owned 39,154 shares in the company, valued at $3,524,251.54. This represents a 20.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,905 shares of company stock valued at $10,530,833 over the last three months. 6.30% of the stock is currently owned by insiders.

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.