MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Raises Position in The Charles Schwab Co. (NYSE:SCHW)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in The Charles Schwab Co. (NYSE:SCHW) by 888.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,346 shares of the financial services provider’s stock after purchasing an additional 13,794 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Charles Schwab were worth $1,135,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Point72 Hong Kong Ltd bought a new stake in shares of Charles Schwab in the 2nd quarter worth $168,000. APG Asset Management N.V. grew its position in Charles Schwab by 6.5% in the 2nd quarter. APG Asset Management N.V. now owns 2,458,359 shares of the financial services provider’s stock worth $169,029,000 after purchasing an additional 149,033 shares in the last quarter. Elgethun Capital Management grew its position in Charles Schwab by 0.9% in the 2nd quarter. Elgethun Capital Management now owns 143,319 shares of the financial services provider’s stock worth $10,561,000 after purchasing an additional 1,330 shares in the last quarter. Drucker Wealth 3.0 LLC bought a new position in shares of Charles Schwab during the 2nd quarter worth approximately $2,902,000. Finally, Darsana Capital Partners LP grew its holdings in shares of Charles Schwab by 200.0% in the second quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock valued at $221,070,000 after acquiring an additional 2,000,000 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In other news, insider Nigel J. Murtagh sold 12,739 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the sale, the insider now directly owns 59,092 shares of the company’s stock, valued at $4,796,497.64. The trade was a 17.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher V. Dodds sold 9,284 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now directly owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,823 shares of company stock valued at $2,171,194 over the last ninety days. Company insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SCHW. Jefferies Financial Group boosted their price objective on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Piper Sandler raised their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, Barclays upped their price objective on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $83.83.

Charles Schwab Trading Up 1.7 %

SCHW opened at $81.96 on Friday. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $83.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The business has a 50 day simple moving average of $77.75 and a two-hundred day simple moving average of $70.75. The firm has a market capitalization of $145.86 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 1.46 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5,190,822.51 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. Charles Schwab’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. Analysts predict that The Charles Schwab Co. will post 4.09 EPS for the current year.

About Charles Schwab

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.