LexAurum Advisors LLC Boosts Stock Position in The Charles Schwab Co. (NYSE:SCHW)

LexAurum Advisors LLC increased its position in The Charles Schwab Co. (NYSE:SCHW) by 10.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,876 shares of the financial services provider’s stock after acquiring an additional 1,404 shares during the quarter. LexAurum Advisors LLC’s holdings in Charles Schwab were worth $1,101,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RFG Advisory LLC grew its holdings in Charles Schwab by 25.2% during the 4th quarter. RFG Advisory LLC now owns 9,837 shares of the financial services provider’s stock valued at $728,000 after buying an additional 1,978 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of Charles Schwab by 888.8% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 15,346 shares of the financial services provider’s stock worth $1,135,000 after acquiring an additional 13,794 shares during the last quarter. Brighton Jones LLC grew its stake in Charles Schwab by 380.5% during the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after acquiring an additional 19,195 shares in the last quarter. New Century Financial Group LLC bought a new stake in Charles Schwab in the 4th quarter valued at $1,208,000. Finally, Secure Asset Management LLC boosted its holdings in shares of Charles Schwab by 10.1% during the 4th quarter. Secure Asset Management LLC now owns 25,065 shares of the financial services provider’s stock valued at $1,855,000 after purchasing an additional 2,298 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In other news, insider Nigel J. Murtagh sold 12,739 shares of Charles Schwab stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the completion of the sale, the insider now directly owns 59,092 shares in the company, valued at approximately $4,796,497.64. This trade represents a 17.73 % decrease in their position. The transaction was disclosed in a legal filing 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 stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now 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. Insiders have sold a total of 26,823 shares of company stock valued at $2,171,194 over the last quarter. Company insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

SCHW has been the topic of several recent research reports. Citigroup upped their price objective on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday. Piper Sandler increased their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group lifted their price target on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, Raymond James reduced their price objective on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $83.83.

Charles Schwab Stock Performance

Shares of SCHW opened at $81.96 on Friday. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.35. The stock has a market capitalization of $145.86 billion, a PE ratio of 27.41, a PEG ratio of 1.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a 50-day simple moving average of $77.75 and a 200-day simple moving average of $70.75.

Charles Schwab (NYSE:SCHW) last announced 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 company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5,190,822.51 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. Charles Schwab’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 EPS. On average, analysts predict that The Charles Schwab Co. will post 4.09 earnings per share for the current fiscal year.

Charles Schwab Company 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.