Beaumont Financial Advisors LLC Invests $201,000 in The Charles Schwab Co. (NYSE:SCHW)

Beaumont Financial Advisors LLC purchased a new stake in The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,710 shares of the financial services provider’s stock, valued at approximately $201,000.

Other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in Charles Schwab by 15.0% in the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock valued at $1,644,674,000 after buying an additional 3,157,923 shares during the period. Darsana Capital Partners LP increased its stake in shares of Charles Schwab by 200.0% during the second quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock worth $221,070,000 after acquiring an additional 2,000,000 shares during the period. Massachusetts Financial Services Co. MA increased its position in Charles Schwab by 6.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock worth $1,858,706,000 after purchasing an additional 1,711,312 shares in the last quarter. AustralianSuper Pty Ltd raised its holdings in Charles Schwab by 2,617.6% in the third quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock valued at $110,681,000 after buying an additional 1,644,931 shares during the period. Finally, Two Sigma Advisers LP acquired a new position in Charles Schwab during the third quarter valued at approximately $86,845,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SCHW shares. Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Wells Fargo & Company upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $89.00 to $93.00 in a report on Wednesday. Finally, Raymond James dropped their price objective on shares of Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $83.83.

Charles Schwab Trading Up 1.7 %

Charles Schwab stock opened at $81.96 on Friday. The business has a 50 day moving average price of $77.75 and a two-hundred day moving average price of $70.75. 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 Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $83.35. The stock has a market cap of $145.86 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5,190,822.51 billion. During the same period in the prior year, the company posted $0.68 earnings per share. Charles Schwab’s revenue was up 19.5% on a year-over-year basis. As a group, equities analysts forecast that The Charles Schwab Co. will post 4.04 EPS for the current year.

Insider Activity

In other news, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the sale, the director now owns 442,807 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,823 shares of company stock worth $2,171,194. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab 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.