B. Metzler seel. Sohn & Co. Holding AG Acquires New Position in The Charles Schwab Co. (NYSE:SCHW)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in The Charles Schwab Co. (NYSE:SCHW) during the third quarter, Holdings Channel reports. The firm acquired 220,261 shares of the financial services provider’s stock, valued at approximately $14,275,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SCHW. Washington Trust Advisors Inc. grew its holdings in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Charles Schwab during the third quarter worth about $25,000. Country Trust Bank purchased a new position in shares of Charles Schwab during the second quarter worth about $26,000. American Capital Advisory LLC purchased a new position in shares of Charles Schwab during the second quarter worth about $27,000. Finally, Fortitude Family Office LLC grew its holdings in shares of Charles Schwab by 97.5% during the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 192 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SCHW shares. Keefe, Bruyette & Woods boosted their price objective on Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group upped their target price on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Barclays upped their target price on Charles Schwab from $64.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. JMP Securities upped their target price on Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group cut their target price on Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.18.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the sale, the director now directly owns 554,929 shares in the company, valued at $35,543,202.45. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,645 shares of company stock valued at $7,440,627 over the last quarter. 6.60% of the stock is currently owned by company insiders.

Charles Schwab Trading Up 0.9 %

Shares of NYSE:SCHW opened at $81.40 on Tuesday. The stock has a market capitalization of $144.86 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 1.76 and a beta of 0.96. 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 stock’s 50-day simple moving average is $69.10 and its two-hundred day simple moving average is $69.64. The Charles Schwab Co. has a 52-week low of $55.42 and a 52-week high of $82.50.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the company earned $0.77 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts expect that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 39.06%.

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.