The Charles Schwab Co. (NYSE:SCHW) Stock Holdings Increased by Simon Quick Advisors LLC

Simon Quick Advisors LLC boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,688 shares of the financial services provider’s stock after purchasing an additional 221 shares during the period. Simon Quick Advisors LLC’s holdings in Charles Schwab were worth $643,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Red Spruce Capital LLC increased its stake in shares of Charles Schwab by 7.2% in the fourth quarter. Red Spruce Capital LLC now owns 42,031 shares of the financial services provider’s stock worth $3,111,000 after acquiring an additional 2,828 shares during the last quarter. Beaumont Financial Advisors LLC purchased a new stake in shares of Charles Schwab during the 4th quarter worth about $201,000. Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in shares of Charles Schwab during the 4th quarter valued at about $740,000. Roberts Wealth Advisors LLC grew its stake in shares of Charles Schwab by 1.3% in the 4th quarter. Roberts Wealth Advisors LLC now owns 23,359 shares of the financial services provider’s stock valued at $1,721,000 after buying an additional 309 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in Charles Schwab by 2.8% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 2,593,011 shares of the financial services provider’s stock worth $191,909,000 after buying an additional 71,465 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the subject of several recent research reports. Citigroup boosted their target price on shares of Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday. Truist Financial reissued a “buy” rating and set a $90.00 target price (up from $86.00) on shares of Charles Schwab in a research report on Wednesday. Jefferies Financial Group boosted their price target on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Wells Fargo & Company raised Charles Schwab from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $89.00 to $93.00 in a report on Wednesday. Finally, Bank of America reduced their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $83.83.

Charles Schwab Stock Down 0.6 %

NYSE SCHW opened at $80.44 on Thursday. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $83.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market cap of $143.15 billion, a PE ratio of 31.42, a PEG ratio of 1.40 and a beta of 0.99. The firm has a 50-day simple moving average of $77.71 and a 200 day simple moving average of $70.68.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5,190,822.51 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. Charles Schwab’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 EPS. On average, research analysts forecast that The Charles Schwab Co. will post 3.16 EPS for the current year.

Insider Buying and Selling at Charles Schwab

In other news, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the sale, the director now directly owns 442,807 shares in the company, valued at approximately $36,057,774.01. This represents a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now owns 18,069 shares of the company’s stock, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,823 shares of company stock valued at $2,171,194 in the last 90 days. 6.60% of the stock is currently owned by company insiders.

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.