Universal Beteiligungs und Servicegesellschaft mbH Purchases New Shares in The Charles Schwab Co. (NYSE:SCHW)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,112,705 shares of the financial services provider's stock, valued at approximately $82,351,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Charles Schwab at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Oregon Pacific Wealth Management LLC bought a new position in shares of Charles Schwab in the 4th quarter valued at approximately $688,000. Cary Street Partners Financial LLC acquired a new stake in Charles Schwab in the 4th quarter valued at approximately $1,455,000. Golden State Equity Partners grew its holdings in Charles Schwab by 293.9% in the 4th quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock valued at $903,000 after buying an additional 9,108 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in Charles Schwab by 7.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider's stock valued at $47,674,000 after buying an additional 43,308 shares during the last quarter. Finally, Banco Santander S.A. grew its holdings in Charles Schwab by 49.6% in the 4th quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider's stock valued at $1,208,000 after buying an additional 5,413 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Price Performance

SCHW traded down $0.40 during trading on Thursday, reaching $87.65. The stock had a trading volume of 7,799,852 shares, compared to its average volume of 9,364,970. The business has a 50-day moving average of $80.53 and a 200-day moving average of $79.24. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $89.85. The stock has a market cap of $159.25 billion, a PE ratio of 29.31, a PEG ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $5.46 billion. During the same period in the prior year, the business posted $0.74 earnings per share. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business 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 was Friday, May 9th. Charles Schwab's dividend payout ratio is currently 32.73%.

Analysts Set New Price Targets

SCHW has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price target on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. TD Securities boosted 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. UBS Group boosted their price target on Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Finally, Truist Financial lifted their price objective on Charles Schwab from $84.00 to $97.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.63.

Insider Buying and Selling

In related news, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the sale, the insider now owns 57,818 shares in the company, valued at approximately $4,586,123.76. This trade represents a 5.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the transaction, the director now owns 172,162 shares in the company, valued at $12,784,750.12. This represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,088 shares of company stock worth $8,105,928. 6.30% of the stock is 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.