Goelzer Investment Management Inc. Has $3.10 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Goelzer Investment Management Inc. lessened its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 41,831 shares of the financial services provider’s stock after selling 1,237 shares during the period. Goelzer Investment Management Inc.’s holdings in Charles Schwab were worth $3,096,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHW. Exchange Traded Concepts LLC raised its holdings in Charles Schwab by 592.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 136,828 shares of the financial services provider’s stock worth $10,127,000 after purchasing an additional 117,055 shares during the period. CX Institutional raised its stake in Charles Schwab by 2.2% during the 4th quarter. CX Institutional now owns 9,298 shares of the financial services provider’s stock worth $688,000 after buying an additional 198 shares during the period. LexAurum Advisors LLC lifted its holdings in Charles Schwab by 10.4% during the fourth quarter. LexAurum Advisors LLC now owns 14,876 shares of the financial services provider’s stock worth $1,101,000 after acquiring an additional 1,404 shares in the last quarter. RFG Advisory LLC grew its stake in Charles Schwab by 25.2% in the fourth quarter. RFG Advisory LLC now owns 9,837 shares of the financial services provider’s stock valued at $728,000 after acquiring an additional 1,978 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of Charles Schwab by 888.8% in 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 in the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Down 0.5 %

Shares of Charles Schwab stock opened at $81.67 on Friday. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $83.35. 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’s 50 day moving average is $77.78 and its 200-day moving average is $70.82. The stock has a market cap of $145.34 billion, a P/E ratio of 27.31, a P/E/G ratio of 1.46 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5,190,822.51 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 earnings per share. Equities research analysts predict that The Charles Schwab Co. will post 4.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SCHW has been the topic of several recent analyst reports. Jefferies Financial Group lifted their price objective on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Barclays increased their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Finally, Citigroup increased their target price on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab has an average rating of “Hold” and an average price target of $83.83.

Insider Buying and Selling

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,466 shares of company stock worth $3,352,884. Company insiders own 6.60% of the company’s stock.

About Charles Schwab

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.