The Charles Schwab Co. (NYSE:SCHW) Position Lessened by Perpetual Ltd

Perpetual Ltd reduced its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,492 shares of the financial services provider’s stock after selling 303 shares during the quarter. Perpetual Ltd’s holdings in Charles Schwab were worth $406,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of Charles Schwab during the third quarter worth about $25,000. Washington Trust Advisors Inc. grew 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 worth $25,000 after purchasing an additional 149 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of 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 during the third quarter valued at approximately $32,000. Finally, Planning Capital Management Corp acquired a new position in shares of Charles Schwab during the third quarter worth approximately $33,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction on Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the sale, the director now owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,823 shares of company stock worth $2,171,194. 6.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SCHW has been the topic of several analyst reports. The Goldman Sachs Group raised their target price on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. JMP Securities reissued a “market outperform” rating and set a $94.00 price target (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Finally, 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 note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $83.83.

Charles Schwab Trading Down 0.6 %

NYSE:SCHW opened at $80.44 on Thursday. The stock has a fifty day simple moving average of $77.71 and a 200 day simple moving average of $70.68. 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 firm has a market capitalization of $143.15 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $83.35.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company 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 company earned $0.68 earnings per share. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Sell-side analysts forecast that The Charles Schwab Co. will post 3.16 earnings per share for the current year.

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.