Universal Beteiligungs und Servicegesellschaft mbH Raises Position in The Charles Schwab Corporation $SCHW

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in The Charles Schwab Corporation (NYSE:SCHW) by 2.0% in the third quarter, Holdings Channel reports. The firm owned 1,186,146 shares of the financial services provider’s stock after purchasing an additional 23,364 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Charles Schwab were worth $113,241,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Federated Hermes Inc. boosted its position in Charles Schwab by 2,112.7% during the 2nd quarter. Federated Hermes Inc. now owns 181,793 shares of the financial services provider’s stock worth $16,587,000 after acquiring an additional 173,577 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of Charles Schwab by 26.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 190,538 shares of the financial services provider’s stock worth $17,387,000 after purchasing an additional 40,275 shares in the last quarter. Figure 8 Investment Strategies LLC acquired a new stake in shares of Charles Schwab during the second quarter worth approximately $924,000. PFG Investments LLC boosted its holdings in shares of Charles Schwab by 10.2% during the second quarter. PFG Investments LLC now owns 5,951 shares of the financial services provider’s stock worth $543,000 after purchasing an additional 550 shares during the period. Finally, W.H. Cornerstone Investments Inc. acquired a new position in Charles Schwab in the 2nd quarter valued at approximately $246,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Jonathan S. Beatty sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $102.01, for a total transaction of $204,020.00. Following the completion of the sale, the insider owned 11,923 shares in the company, valued at $1,216,265.23. This represents a 14.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on SCHW. Bank of America lifted their target price on shares of Charles Schwab from $88.00 to $91.00 and gave the company an “underperform” rating in a research note on Wednesday, December 10th. Truist Financial increased their price objective on Charles Schwab from $113.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Charles Schwab in a research note on Wednesday, October 8th. Morgan Stanley raised their price target on Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a research note on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Charles Schwab from $119.00 to $120.00 and gave the company a “buy” rating in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Charles Schwab presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.45.

Charles Schwab Trading Down 2.7%

Shares of SCHW stock opened at $100.98 on Wednesday. The Charles Schwab Corporation has a 12 month low of $65.88 and a 12 month high of $104.98. The company has a market cap of $179.44 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 0.71 and a beta of 0.94. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $97.42 and its two-hundred day moving average is $95.70.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. Charles Schwab had a net margin of 35.93% and a return on equity of 21.02%. Equities analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a $0.27 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. Charles Schwab’s payout ratio is presently 25.29%.

About Charles Schwab

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.