The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC raised its position in The Charles Schwab Co. (NYSE:SCHW) by 0.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 43,928 shares of the financial services provider’s stock after acquiring an additional 245 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Charles Schwab were worth $3,251,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SCHW. Capital Performance Advisors LLP acquired a new position in shares of Charles Schwab during the third quarter worth about $25,000. Washington Trust Advisors Inc. increased 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 acquiring an additional 149 shares during the period. Prospera Private Wealth LLC acquired a new stake in shares of Charles Schwab during the third quarter worth $31,000. Future Financial Wealth Managment LLC acquired a new position in shares of Charles Schwab during the third quarter worth about $32,000. Finally, Planning Capital Management Corp purchased a new position in shares of Charles Schwab during the 3rd quarter worth approximately $33,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $82.17 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average of $77.81 and a two-hundred day moving average of $70.83. The company has a market cap of $146.23 billion, a P/E ratio of 27.49, a PEG 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 released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5,190,822.51 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, analysts anticipate that The Charles Schwab Co. will post 4.09 EPS for the current year.

Analysts Set New Price Targets

SCHW has been the topic of a number of analyst reports. Piper Sandler increased their target price on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Cowen lifted their price objective on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $89.00 to $93.00 in a report on Wednesday, January 22nd. Redburn Partners lowered their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Finally, Barclays raised their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $84.11.

Insider Buying and Selling at Charles Schwab

In other news, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the transaction, the director now owns 18,617 shares in the company, valued at approximately $1,523,242.94. The trade was a 31.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at $1,391,674.38. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 50,014 shares of company stock valued at $4,052,281. 6.60% of the stock is owned by insiders.

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.