Asset Advisors Corp grew its holdings in shares of Charles Schwab Corp (NYSE:SCHW) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 176,500 shares of the financial services provider’s stock after purchasing an additional 4,050 shares during the period. Charles Schwab makes up approximately 1.5% of Asset Advisors Corp’s investment portfolio, making the stock its 22nd largest holding. Asset Advisors Corp’s holdings in Charles Schwab were worth $9,067,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC grew its holdings in Charles Schwab by 62.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 29,998 shares of the financial services provider’s stock worth $1,541,000 after acquiring an additional 11,581 shares during the period. Intermede Investment Partners Ltd grew its holdings in Charles Schwab by 5.0% during the fourth quarter. Intermede Investment Partners Ltd now owns 1,201,919 shares of the financial services provider’s stock worth $61,743,000 after acquiring an additional 56,837 shares during the period. West Coast Financial LLC grew its holdings in Charles Schwab by 1.2% during the fourth quarter. West Coast Financial LLC now owns 100,838 shares of the financial services provider’s stock worth $5,180,000 after acquiring an additional 1,238 shares during the period. State of Alaska Department of Revenue grew its holdings in Charles Schwab by 311.7% during the fourth quarter. State of Alaska Department of Revenue now owns 141,615 shares of the financial services provider’s stock worth $7,272,000 after acquiring an additional 107,221 shares during the period. Finally, Oakbrook Investments LLC acquired a new position in Charles Schwab during the fourth quarter worth about $308,000. 79.52% of the stock is currently owned by institutional investors.
In other Charles Schwab news, Chairman Charles R. Schwab sold 300,000 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $55.31, for a total transaction of $16,593,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Terri R. Kallsen sold 815 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $43.97, for a total value of $35,835.55. The disclosure for this sale can be found here. Insiders have sold a total of 1,958,531 shares of company stock valued at $93,990,901 over the last 90 days. Corporate insiders own 12.00% of the company’s stock.
A number of research analysts recently issued reports on SCHW shares. Credit Suisse Group started coverage on Charles Schwab in a report on Thursday, November 30th. They set an “outperform” rating and a $55.00 target price on the stock. Deutsche Bank lifted their target price on Charles Schwab from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. SunTrust Banks lifted their target price on Charles Schwab to $56.00 and gave the stock an “average” rating in a report on Friday, December 15th. They noted that the move was a valuation call. Zacks Investment Research upgraded Charles Schwab from a “hold” rating to a “strong-buy” rating and set a $60.00 price target for the company in a research report on Friday, January 5th. Finally, Morgan Stanley increased their price target on Charles Schwab from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, October 5th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $54.00.
Charles Schwab Corp (NYSE SCHW) traded up $0.15 during trading hours on Monday, hitting $55.48. The company had a trading volume of 7,439,400 shares, compared to its average volume of 6,777,500. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30. Charles Schwab Corp has a fifty-two week low of $37.16 and a fifty-two week high of $56.25. The firm has a market cap of $73,800.00, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 1.36 and a beta of 1.75.
Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the company posted $0.36 EPS. Charles Schwab’s revenue for the quarter was up 13.7% on a year-over-year basis. analysts anticipate that Charles Schwab Corp will post 2.39 EPS for the current year.
Charles Schwab Profile
The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.
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