The Charles Schwab Co. (NYSE:SCHW) Shares Bought by United Asset Strategies Inc.

United Asset Strategies Inc. lifted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 188,239 shares of the financial services provider’s stock after buying an additional 2,497 shares during the period. Charles Schwab comprises about 1.3% of United Asset Strategies Inc.’s holdings, making the stock its 23rd largest position. United Asset Strategies Inc.’s holdings in Charles Schwab were worth $13,932,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Washington Trust Advisors Inc. lifted its stake in Charles Schwab by 62.6% in the third 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 last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab in the 3rd quarter worth about $25,000. Prospera Private Wealth LLC bought a new stake in Charles Schwab in the 3rd quarter valued at about $31,000. Future Financial Wealth Managment LLC acquired a new position in Charles Schwab during the 3rd quarter valued at about $32,000. Finally, Hazlett Burt & Watson Inc. bought a new position in Charles Schwab in the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Cowen increased their price target on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Jefferies Financial Group lifted their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Finally, Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Two equities 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $83.83.

Charles Schwab Stock Performance

Shares of SCHW opened at $81.67 on Monday. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $83.35. The company has a 50-day moving average of $77.81 and a two-hundred day moving average of $70.86. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market cap of $145.34 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 1.46 and a beta of 0.99.

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, topping the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. On average, equities research analysts expect that The Charles Schwab Co. will post 4.09 earnings per share for the current year.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now directly owns 442,807 shares of the company’s stock, valued at $36,057,774.01. This represents a 2.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,466 shares of company stock valued at $3,352,884. Company insiders own 6.60% of the company’s stock.

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.