B.O.S.S. Retirement Advisors LLC Purchases Shares of 4,803 The Charles Schwab Co. (NYSE:SCHW)

B.O.S.S. Retirement 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 Form 13F filing with the SEC. The firm purchased 4,803 shares of the financial services provider’s stock, valued at approximately $355,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHW. Washington Trust Advisors Inc. boosted its position in Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares during the period. Capital Performance Advisors LLP purchased a new position in Charles Schwab in the 3rd quarter valued at approximately $25,000. Prospera Private Wealth LLC purchased a new position in Charles Schwab in the 3rd quarter valued at approximately $31,000. Future Financial Wealth Managment LLC purchased a new position in Charles Schwab in the 3rd quarter valued at approximately $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Charles Schwab in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Down 0.5 %

SCHW stock opened at $81.67 on Friday. The company’s 50-day moving average price is $77.81 and its 200 day moving average price is $70.88. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market cap of $145.34 billion, a P/E ratio of 27.31, a P/E/G ratio of 1.46 and a beta of 0.99. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $83.35.

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

Insider Buying and Selling

In related news, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the transaction, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,466 shares of company stock valued at $3,352,884. Insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SCHW shares. The Goldman Sachs Group raised their price objective on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Truist Financial restated a “buy” rating and issued a $90.00 price objective (up from $86.00) on shares of Charles Schwab in a report on Wednesday. Piper Sandler raised their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Morgan Stanley raised their price objective on shares of Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Two research 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’s stock. Based on data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and an average price target of $83.83.

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.