Advocate Group LLC Has $8.97 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Advocate Group LLC lowered its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.2% in the fourth quarter, Holdings Channel reports. The firm owned 121,166 shares of the financial services provider’s stock after selling 223 shares during the period. Charles Schwab accounts for 1.7% of Advocate Group LLC’s investment portfolio, making the stock its 17th biggest holding. Advocate Group LLC’s holdings in Charles Schwab were worth $8,967,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SCHW. 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 in the last quarter. Capital Performance Advisors LLP bought a new position in Charles Schwab in the third quarter valued at approximately $25,000. Prospera Private Wealth LLC bought a new position in Charles Schwab in the third quarter valued at approximately $31,000. Future Financial Wealth Managment LLC bought a new stake in shares of Charles Schwab in the third quarter worth $32,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in shares of Charles Schwab in the third quarter worth $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the sale, the insider now owns 18,069 shares of the company’s stock, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,466 shares of company stock worth $3,352,884 in the last quarter. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Stock Down 0.5 %

NYSE:SCHW opened at $81.67 on Friday. The firm’s 50 day simple moving average is $77.81 and its 200 day simple moving average is $70.88. 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 $83.35. The company has a market cap of $145.34 billion, a PE ratio of 27.31, a P/E/G ratio of 1.46 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its quarterly 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 firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 EPS. On average, research analysts anticipate that The Charles Schwab Co. will post 4.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several analyst reports. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday. Cowen upped their price target on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group raised their target price on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, Piper Sandler raised their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.