Raiffeisen Bank International AG Takes Position in The Charles Schwab Co. (NYSE:SCHW)

Raiffeisen Bank International AG acquired a new stake in The Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, Holdings Channel.com reports. The firm acquired 10,082 shares of the financial services provider’s stock, valued at approximately $745,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new stake in Charles Schwab in the 4th quarter valued at about $38,000. Atala Financial Inc bought a new stake in Charles Schwab in the 4th quarter valued at about $41,000. Knuff & Co LLC increased its position in Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after buying an additional 563 shares in the last quarter. Financial Life Planners bought a new stake in Charles Schwab in the 4th quarter valued at about $46,000. Finally, Whipplewood Advisors LLC bought a new stake in Charles Schwab in the 4th quarter valued at about $46,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of research analyst reports. Piper Sandler boosted their target price on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Keefe, Bruyette & Woods increased their price objective on Charles Schwab from $90.00 to $93.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 22nd. Truist Financial raised their target price on Charles Schwab from $84.00 to $97.00 and gave the company a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised their target price on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Citigroup upgraded Charles Schwab from a “neutral” rating to a “buy” rating and raised their target price for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.33.

Insider Activity at Charles Schwab

In related news, Director Frank C. Herringer sold 3,592 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the transaction, the director now owns 172,162 shares in the company, valued at approximately $12,784,750.12. This represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul V. Woolway sold 9,887 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the completion of the transaction, the insider now owns 47,931 shares in the company, valued at approximately $3,613,038.78. The trade was a 17.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,412 shares of company stock worth $3,014,797. Insiders own 6.30% of the company’s stock.

Charles Schwab Stock Performance

SCHW stock opened at $88.72 on Friday. The firm has a market cap of $160.89 billion, a PE ratio of 29.67, a P/E/G ratio of 0.99 and a beta of 0.90. 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 business has a 50 day moving average of $78.76 and a 200-day moving average of $78.36. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $88.87.

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

Charles Schwab Dividend Announcement

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

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.