6 hours Ago By ABMN Staff
PFG Investments LLC cut its stake in shares of The Charles Schwab Co. ( NYSE:SCHW – Free Report ) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC.
The institutional investor owned 5,423 shares of the financial services provider’s stock after selling 229 shares during the period. PFG Investments LLC’s holdings in Charles Schwab were worth $401,000 as of its most recent SEC filing. Other large investors also recently modified their holdings of the company.
Merit Financial Group LLC increased its holdings in Charles Schwab by 230.1% in the 4th quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider’s stock worth $2,483,000 after purchasing an additional 23,383 shares in the last quarter.
Benjamin Edwards Inc. increased its stake in shares of Charles Schwab by 2,840.7% in the third quarter.
Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider’s stock valued at $398,000 after buying an additional 5,937 shares during the period. Synovus Financial Corp raised its holdings in Charles Schwab by 46.
0% in the 3rd quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider’s stock valued at $4,400,000 after buying an additional 21,377 shares during the last quarter. Patten & Patten Inc.
TN boosted its position in Charles Schwab by 155.9% during the 3rd quarter. Patten & Patten Inc.
TN now owns 104,168 shares of the financial services provider’s stock worth $6,751,000 after buying an additional 63,463 shares during the period. Finally, Equity Investment Corp increased its position in Charles Schwab by 9.4% in the 3rd quarter.
Equity Investment Corp now owns 1,640,157 shares of the financial services provider’s stock valued at $106,299,000 after acquiring an additional 140,643 shares during the period. 84.38% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth A number of equities analysts have recently commented on the stock. Raymond James cut their price target on shares of Charles Schwab from $76.00 to $73.
00 in a report on Tuesday, October 15th. The Goldman Sachs Group upped their price target on Charles Schwab from $67.00 to $74.
00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised 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. Keefe, Bruyette & Woods upped their target price on Charles Schwab from $81.00 to $93.
00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of Charles Schwab from $87.
00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock.
Based on data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and an average price target of $84.11. Insider Buying and Selling at Charles Schwab In other Charles Schwab news, General Counsel Peter J.
Morgan III sold 14,643 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . Also, Director Arun Sarin sold 8,548 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd.
The stock was sold at an average price of $81.82, for a total value of $699,397.36.
Following the completion of the transaction, the director now owns 18,617 shares in the company, valued at $1,523,242.94. The trade was a 31.
47 % decrease in their position. The disclosure for this sale can be found here . In the last quarter, insiders sold 50,014 shares of company stock worth $4,052,281.
Insiders own 6.60% of the company’s stock. Charles Schwab Stock Performance Shares of Charles Schwab stock opened at $83.
59 on Friday. The business has a 50-day simple moving average of $77.89 and a 200 day simple moving average of $71.
00. The firm has a market capitalization of $148.76 billion, a price-to-earnings ratio of 27.
96, a PEG ratio of 1.46 and a beta of 0.99.
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 Charles Schwab Co. has a one year low of $61.
01 and a one year high of $83.84. Charles Schwab ( NYSE:SCHW – Get Free Report ) last issued its earnings results on Tuesday, January 21st.
The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.
11. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.
19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.
31%. Charles Schwab’s quarterly revenue was up 19.5% compared to the same quarter last year.
During the same period last year, the business earned $0.68 EPS. On average, research analysts anticipate that The Charles Schwab Co.
will post 4.09 earnings per share for the current fiscal year. Charles Schwab Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th.
Investors of record on Friday, February 14th will be issued a $0.27 dividend. This represents a $1.
08 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, February 14th.
This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is currently 33.
44%. Charles Schwab Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Co. ( NYSE:SCHW – Free Report ).
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