Investment House LLC Purchases Shares of 4,556 The Charles Schwab Co. (NYSE:SCHW)


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Investment House LLC purchased a new stake in shares of 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 institutional investor purchased 4,556 shares of the financial services provider’s stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SCHW. First Trust Advisors LP purchased a new stake in The Charles Schwab during the 1st quarter valued at $1,805,000. Private Advisor Group LLC grew its stake in shares of The Charles Schwab by 68.2% in the second quarter. Private Advisor Group LLC now owns 53,148 shares of the financial services provider’s stock worth $1,284,000 after acquiring an additional 21,558 shares during the period. AQR Capital Management LLC grew its stake in shares of The Charles Schwab by 1.8% in the second quarter. AQR Capital Management LLC now owns 130,119 shares of the financial services provider’s stock worth $4,278,000 after acquiring an additional 2,342 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of The Charles Schwab by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,913,103 shares of the financial services provider’s stock worth $165,769,000 after acquiring an additional 51,616 shares during the period. Finally, Stephens Inc. AR grew its stake in shares of The Charles Schwab by 11.3% in the second quarter. Stephens Inc. AR now owns 63,173 shares of the financial services provider’s stock worth $2,131,000 after acquiring an additional 6,426 shares during the period. 85.31% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Jonathan M. Craig sold 6,326 shares of the business’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $40.00, for a total value of $253,040.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bernard J. Clark sold 29,976 shares of the business’s stock in a transaction on Monday, January 11th. The stock was sold at an average price of $60.01, for a total transaction of $1,798,859.76. The disclosure for this sale can be found here. Insiders sold 1,348,287 shares of company stock worth $64,923,383 in the last three months. Insiders own 10.80% of the company’s stock.

A number of analysts have recently commented on SCHW shares. TheStreet upgraded shares of The Charles Schwab from a “c” rating to a “b-” rating in a research note on Thursday, October 8th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of The Charles Schwab from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $44.00 to $54.00 in a research note on Tuesday, November 17th. Credit Suisse Group raised their price objective on shares of The Charles Schwab from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, November 3rd. Wells Fargo & Company raised shares of The Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $44.00 to $58.00 in a report on Tuesday, December 1st. Finally, Morgan Stanley raised their price objective on shares of The Charles Schwab from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $50.54.

Shares of NYSE:SCHW opened at $59.51 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.30 and a quick ratio of 0.30. The Charles Schwab Co. has a 1-year low of $28.00 and a 1-year high of $62.04. The company has a market capitalization of $111.67 billion, a P/E ratio of 27.55 and a beta of 1.13. The firm’s 50 day simple moving average is $52.55 and its two-hundred day simple moving average is $41.03.

The Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Thursday, October 15th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The Charles Schwab had a net margin of 29.80% and a return on equity of 14.02%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 2.17 earnings per share for the current fiscal year.

The Charles Schwab Company Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Institutional Ownership by Quarter for The Charles Schwab (NYSE:SCHW)

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