The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH trimmed its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 85.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,201 shares of the financial services provider’s stock after selling 35,615 shares during the period. Siemens Fonds Invest GmbH’s holdings in Charles Schwab were worth $459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Ritholtz Wealth Management raised its holdings in Charles Schwab by 8.9% during the fourth quarter. Ritholtz Wealth Management now owns 17,573 shares of the financial services provider’s stock worth $1,301,000 after purchasing an additional 1,429 shares during the last quarter. Procyon Advisors LLC increased its position in Charles Schwab by 41.1% during the 4th quarter. Procyon Advisors LLC now owns 4,848 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 1,411 shares in the last quarter. Chemistry Wealth Management LLC raised its stake in Charles Schwab by 2.5% in the 4th quarter. Chemistry Wealth Management LLC now owns 33,995 shares of the financial services provider’s stock valued at $2,516,000 after purchasing an additional 844 shares during the last quarter. Merit Financial Group LLC lifted its holdings in Charles Schwab by 230.1% in the 4th quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider’s stock valued at $2,483,000 after purchasing an additional 23,383 shares in the last quarter. Finally, Cranbrook Wealth Management LLC boosted its stake in shares of Charles Schwab by 27.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 1,740 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 380 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity

In other news, insider Paul V. Woolway sold 9,887 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total transaction of $745,282.06. Following the completion of the sale, the insider now directly owns 47,931 shares in the company, valued at $3,613,038.78. This trade represents a 17.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan M. Craig sold 9,559 shares of Charles Schwab stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $82.00, for a total value of $783,838.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,412 shares of company stock worth $3,014,797. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Trading Up 0.7%

Shares of SCHW stock opened at $88.72 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $88.87. The firm’s 50 day moving average price is $78.76 and its two-hundred day moving average price is $78.41. The stock has a market cap of $161.19 billion, a price-to-earnings ratio of 29.67, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the previous year, the business posted $0.74 EPS. On average, analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, May 9th. Charles Schwab’s payout ratio is 32.73%.

Analyst Ratings Changes

Several equities analysts recently issued reports on SCHW shares. Piper Sandler upped their price objective on shares of Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Citigroup upgraded Charles Schwab from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $85.00 to $102.00 in a report on Wednesday, April 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 price objective on shares of Charles Schwab in a research report on Monday, April 21st. Barclays reduced their target price on Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $88.33.

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.