Michael S. Ryan Inc. Raises Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Michael S. Ryan Inc. raised its stake in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) by 10.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,018 shares of the financial services provider’s stock after buying an additional 578 shares during the period. Michael S. Ryan Inc.’s holdings in Charles Schwab were worth $313,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHW. Key Financial Inc lifted its holdings in Charles Schwab by 144.3% in the second quarter. Key Financial Inc now owns 447 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 264 shares during the period. AlphaMark Advisors LLC bought a new position in shares of Charles Schwab in the 2nd quarter worth approximately $28,000. Global Trust Asset Management LLC boosted its holdings in shares of Charles Schwab by 633.8% in the second quarter. Global Trust Asset Management LLC now owns 521 shares of the financial services provider’s stock worth $30,000 after buying an additional 450 shares during the last quarter. Worth Asset Management LLC purchased a new position in shares of Charles Schwab in the first quarter worth approximately $32,000. Finally, BluePath Capital Management LLC bought a new stake in Charles Schwab during the third quarter valued at approximately $34,000. 81.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SCHW shares. UBS Group lifted their price target on shares of Charles Schwab from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Barclays lowered their target price on Charles Schwab from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Thursday. Piper Sandler reduced their price target on Charles Schwab from $86.00 to $75.00 and set an “overweight” rating for the company in a research report on Monday, October 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $71.00 price objective (up from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Finally, Raymond James decreased their target price on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $69.69.

Get Our Latest Research Report on SCHW

Charles Schwab Stock Down 1.0 %

SCHW opened at $62.83 on Thursday. The Charles Schwab Co. has a 52 week low of $45.00 and a 52 week high of $81.96. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.87. The firm has a 50-day simple moving average of $63.29 and a two-hundred day simple moving average of $59.80. The company has a market capitalization of $111.31 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 3.00 and a beta of 1.01.

Charles Schwab (NYSE:SCHWGet Free Report) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a return on equity of 24.58% and a net margin of 30.14%. The company had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same period in the prior year, the company earned $1.07 earnings per share. The firm’s revenue was down 18.9% on a year-over-year basis. Analysts forecast that The Charles Schwab Co. will post 3.1 earnings per share for the current fiscal year.

Insider Activity at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 12,208 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $61.28, for a total transaction of $748,106.24. Following the sale, the director now owns 1,722,400 shares of the company’s stock, valued at $105,548,672. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, General Counsel Peter J. Morgan III sold 7,162 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $60.72, for a total transaction of $434,876.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Carolyn Schwab-Pomerantz sold 12,208 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $61.28, for a total value of $748,106.24. Following the completion of the sale, the director now owns 1,722,400 shares of the company’s stock, valued at $105,548,672. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,402 shares of company stock valued at $1,945,960. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Company 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. The company operates in two segments, Investor Services and Advisor Services.

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

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