Stock Yards Bank & Trust Co. lessened its position in shares of Charles Schwab Corp (NYSE:SCHW) by 2.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 313,783 shares of the financial services provider’s stock after selling 6,659 shares during the quarter. Charles Schwab makes up about 1.8% of Stock Yards Bank & Trust Co.’s holdings, making the stock its 16th largest position. Stock Yards Bank & Trust Co.’s holdings in Charles Schwab were worth $16,119,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in SCHW. Bogart Wealth LLC raised its stake in Charles Schwab by 1,100.0% in the 4th quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 1,870 shares during the last quarter. Fiduciary Trust Co. acquired a new position in Charles Schwab in the 2nd quarter valued at about $163,000. Zions Bancorporation raised its stake in Charles Schwab by 1,545.3% in the 3rd quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 3,585 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Charles Schwab by 31.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock valued at $168,000 after purchasing an additional 1,082 shares during the last quarter. Finally, Frontier Wealth Management LLC acquired a new position in Charles Schwab in the 2nd quarter valued at about $210,000. 79.54% of the stock is owned by institutional investors and hedge funds.
Charles Schwab Corp (NYSE:SCHW) traded up $0.22 during midday trading on Thursday, hitting $53.56. 9,042,899 shares of the stock were exchanged, compared to its average volume of 6,322,428. Charles Schwab Corp has a one year low of $37.16 and a one year high of $54.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31. The firm has a market cap of $71,870.00, a P/E ratio of 34.33, a P/E/G ratio of 1.30 and a beta of 1.75.
Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. Charles Schwab had a net margin of 27.30% and a return on equity of 15.77%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the company posted $0.35 EPS. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. analysts expect that Charles Schwab Corp will post 1.61 EPS for the current fiscal year.
In other news, EVP Terri R. Kallsen sold 2,026 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $51.30, for a total transaction of $103,933.80. Following the completion of the sale, the executive vice president now owns 1,706 shares in the company, valued at approximately $87,517.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marie A. Chandoha sold 7,000 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $45.59, for a total value of $319,130.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,658,531 shares of company stock valued at $77,397,901. Corporate insiders own 12.00% of the company’s stock.
Several brokerages recently weighed in on SCHW. Credit Suisse Group began coverage on shares of Charles Schwab in a research note on Thursday, November 30th. They issued an “outperform” rating and a $55.00 target price for the company. Wells Fargo & Co reissued a “market perform” rating and issued a $55.00 target price (up previously from $47.00) on shares of Charles Schwab in a research note on Thursday, January 4th. Zacks Investment Research raised shares of Charles Schwab from a “hold” rating to a “strong-buy” rating and set a $60.00 target price for the company in a research note on Friday, January 5th. Barclays boosted their target price on shares of Charles Schwab from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th. Finally, SunTrust Banks boosted their target price on shares of Charles Schwab to $56.00 and gave the company an “average” rating in a research note on Friday, December 15th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $51.25.
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Charles Schwab Company 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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