220,261 Shares in The Charles Schwab Co. (NYSE:SCHW) Bought by B. Metzler seel. Sohn & Co. Holding AG

by · The Markets Daily

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHW – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 220,261 shares of the financial services provider’s stock, valued at approximately $14,275,000.

Several other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Charles Schwab by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider’s stock worth $5,230,657,000 after acquiring an additional 2,946,327 shares during the period. Darsana Capital Partners LP lifted its holdings in shares of Charles Schwab by 200.0% during the 2nd quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock worth $221,070,000 after acquiring an additional 2,000,000 shares during the period. AustralianSuper Pty Ltd lifted its holdings in shares of Charles Schwab by 2,617.6% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock worth $110,681,000 after acquiring an additional 1,644,931 shares during the period. Westwood Holdings Group Inc. lifted its holdings in shares of Charles Schwab by 231.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,498,929 shares of the financial services provider’s stock worth $108,433,000 after acquiring an additional 1,046,322 shares during the period. Finally, Boston Partners lifted its holdings in shares of Charles Schwab by 21.2% during the 1st quarter. Boston Partners now owns 5,395,138 shares of the financial services provider’s stock worth $390,856,000 after acquiring an additional 944,048 shares during the period. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Up 0.9 %

SCHW opened at $81.40 on Tuesday. The company’s 50 day moving average is $69.10 and its 200-day moving average is $69.64. The Charles Schwab Co. has a 1-year low of $55.42 and a 1-year high of $82.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market cap of $144.86 billion, a P/E ratio of 31.80, a PEG ratio of 1.76 and a beta of 0.96.

Charles Schwab (NYSE:SCHW – Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.77 EPS. Equities research analysts predict that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.23%. Charles Schwab’s payout ratio is 39.06%.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of analyst reports. Cowen raised their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. JMP Securities increased their target price on shares of Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Jefferies Financial Group dropped their target price on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, October 4th. Finally, Piper Sandler increased their target price on shares of Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $74.18.

View Our Latest Stock Analysis on SCHW

Insiders Place Their Bets

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction 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 completion of the sale, the director now owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,645 shares of company stock worth $7,440,627. 6.60% of the stock is currently owned by insiders.

Charles Schwab Company Profile

(Free Report)

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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