The Charles Schwab Co. (NYSE:SCHW) Holdings Reduced by Flossbach Von Storch AG

Flossbach Von Storch AG reduced its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,271,428 shares of the financial services provider's stock after selling 461,275 shares during the quarter. Charles Schwab comprises approximately 5.4% of Flossbach Von Storch AG's holdings, making the stock its 4th largest position. Flossbach Von Storch AG owned about 0.97% of Charles Schwab worth $1,188,274,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in Charles Schwab during the fourth quarter valued at approximately $1,325,555,000. Morgan Stanley boosted its stake in Charles Schwab by 62.5% during the fourth quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider's stock worth $1,853,005,000 after buying an additional 8,563,389 shares during the period. Massachusetts Financial Services Co. MA increased its position in Charles Schwab by 26.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider's stock valued at $1,634,700,000 after acquiring an additional 6,195,934 shares during the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of Charles Schwab by 91,051.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,365,193 shares of the financial services provider's stock valued at $446,706,000 after acquiring an additional 5,359,307 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Charles Schwab by 186.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider's stock worth $390,234,000 after acquiring an additional 4,624,302 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

Insiders Place Their Bets

In related news, Chairman Charles R. Schwab sold 71,226 shares of the firm's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the sale, the chairman now owns 61,251,038 shares in the company, valued at $3,980,704,959.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Chairman Charles R. Schwab sold 71,226 shares of Charles Schwab stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.99, for a total value of $4,628,977.74. Following the sale, the chairman now owns 61,251,038 shares of the company's stock, valued at approximately $3,980,704,959.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Charles R. Schwab sold 16,390 shares of the company's stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the transaction, the chairman now owns 61,331,688 shares of the company's stock, valued at $3,921,548,130.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,584 shares of company stock worth $14,200,769. Corporate insiders own 6.60% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a "market perform" rating in a research report on Tuesday. Raymond James cut their price objective on Charles Schwab from $78.00 to $75.00 and set an "outperform" rating on the stock in a research report on Thursday, January 18th. Piper Sandler lifted their target price on Charles Schwab from $75.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, April 12th. Bank of America upped their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an "underperform" rating in a report on Tuesday. Finally, TD Cowen boosted their price objective on shares of Charles Schwab from $87.00 to $92.00 and gave the company a "buy" rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $74.47.

Charles Schwab Stock Performance

NYSE:SCHW traded down $0.57 during midday trading on Wednesday, hitting $72.50. The company's stock had a trading volume of 9,667,958 shares, compared to its average volume of 7,749,902. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The firm's 50 day moving average is $68.17 and its 200-day moving average is $62.82. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $73.88. The firm has a market cap of $128.76 billion, a P/E ratio of 30.33, a P/E/G ratio of 1.08 and a beta of 1.01.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same period last year, the firm earned $1.07 EPS. The firm's revenue for the quarter was down 18.9% compared to the same quarter last year. Equities analysts anticipate that The Charles Schwab Co. will post 3.4 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Thursday, February 8th. Charles Schwab's payout ratio is presently 41.84%.

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.

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