Commerzbank Aktiengesellschaft FI Has $240,000 Holdings in The Charles Schwab Co. (NYSE:SCHW)

Commerzbank Aktiengesellschaft FI grew its holdings in The Charles Schwab Co. (NYSE:SCHW) by 14.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,244 shares of the financial services provider’s stock after purchasing an additional 404 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Charles Schwab were worth $240,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SCHW. Country Trust Bank bought a new stake in Charles Schwab during the 2nd quarter worth about $26,000. Fortitude Family Office LLC grew its stake in shares of Charles Schwab by 97.5% during the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. CGC Financial Services LLC acquired a new stake in shares of Charles Schwab in the second quarter valued at approximately $29,000. Tributary Capital Management LLC bought a new position in Charles Schwab in the 1st quarter worth approximately $31,000. Finally, Frazier Financial Advisors LLC acquired a new position in Charles Schwab during the 4th quarter worth $30,000. Institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SCHW. UBS Group dropped their target price on Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. StockNews.com cut Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Morgan Stanley reduced their target price on shares of Charles Schwab from $71.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charles Schwab from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Finally, JMP Securities reduced their price objective on shares of Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating on the stock in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $74.27.

Charles Schwab Trading Down 0.4 %

Shares of Charles Schwab stock traded down $0.27 during trading hours on Wednesday, hitting $64.57. The company’s stock had a trading volume of 6,994,680 shares, compared to its average volume of 7,978,762. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market capitalization of $114.76 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 1.23 and a beta of 0.99. The stock has a 50 day moving average of $68.79 and a 200 day moving average of $70.06.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The business had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the prior year, the business earned $0.75 EPS. Charles Schwab’s revenue for the quarter was up .7% compared to the same quarter last year. Analysts predict that The Charles Schwab Co. will post 3.06 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.00 annualized dividend and a yield of 1.55%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insider Buying and Selling

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $61.96, for a total value of $557,640.00. Following the sale, the director now owns 567,057 shares of the company’s stock, valued at approximately $35,134,851.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $61.96, for a total value of $557,640.00. Following the completion of the transaction, the director now owns 567,057 shares in the company, valued at approximately $35,134,851.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Richard A. Wurster acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was purchased at an average cost of $62.05 per share, with a total value of $620,500.00. Following the transaction, the president now owns 144,228 shares in the company, valued at $8,949,347.40. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 185,231 shares of company stock valued at $12,638,320. Company insiders own 6.60% of the company’s stock.

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.