Reilly Herbert Faulkner III Acquires 2,420 Shares of Charles Schwab Co. (NYSE:SCHW)

Reilly Herbert Faulkner III increased its position in Charles Schwab Co. (NYSE:SCHW) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,211 shares of the financial services provider’s stock after purchasing an additional 2,420 shares during the period. Charles Schwab accounts for 3.2% of Reilly Herbert Faulkner III’s portfolio, making the stock its 7th biggest position. Reilly Herbert Faulkner III’s holdings in Charles Schwab were worth $5,816,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Zeke Capital Advisors LLC increased its position in Charles Schwab by 4.8% during the fourth quarter. Zeke Capital Advisors LLC now owns 21,903 shares of the financial services provider’s stock valued at $1,125,000 after acquiring an additional 994 shares during the last quarter. Tower Bridge Advisors increased its position in Charles Schwab by 0.4% in the fourth quarter. Tower Bridge Advisors now owns 276,921 shares of the financial services provider’s stock worth $14,225,000 after buying an additional 1,011 shares in the last quarter. Frontier Investment Mgmt Co. increased its position in Charles Schwab by 8.2% in the fourth quarter. Frontier Investment Mgmt Co. now owns 14,631 shares of the financial services provider’s stock worth $752,000 after buying an additional 1,112 shares in the last quarter. Global X Management Co. LLC increased its position in Charles Schwab by 7.5% in the fourth quarter. Global X Management Co. LLC now owns 16,095 shares of the financial services provider’s stock worth $827,000 after buying an additional 1,125 shares in the last quarter. Finally, Baker Avenue Asset Management LP increased its position in Charles Schwab by 0.4% in the fourth quarter. Baker Avenue Asset Management LP now owns 291,144 shares of the financial services provider’s stock worth $14,956,000 after buying an additional 1,137 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.

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In other news, EVP Terri R. Kallsen sold 2,026 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $51.94, for a total value of $105,230.44. Following the sale, the executive vice president now directly owns 1,706 shares in the company, valued at $88,609.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan M. Craig sold 5,000 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of $58.01, for a total value of $290,050.00. The disclosure for this sale can be found here. Insiders sold 920,225 shares of company stock worth $50,239,974 over the last quarter. 12.00% of the stock is currently owned by insiders.

Several analysts recently issued reports on the company. Deutsche Bank cut their target price on Charles Schwab from $55.00 to $54.00 and set a “hold” rating for the company in a research report on Friday. Wells Fargo reissued a “market perform” rating and set a $55.00 price target (up from $47.00) on shares of Charles Schwab in a research note on Thursday, January 4th. Zacks Investment Research lowered Charles Schwab from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. SunTrust Banks reaffirmed a “buy” rating on shares of Charles Schwab in a research note on Wednesday, February 14th. Finally, JMP Securities lowered Charles Schwab from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. Charles Schwab has a consensus rating of “Hold” and an average target price of $55.14.

Shares of Charles Schwab stock opened at $50.11 on Friday. Charles Schwab Co. has a twelve month low of $37.16 and a twelve month high of $58.11. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $69,679.97, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 1.27 and a beta of 1.55.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. Charles Schwab had a return on equity of 16.03% and a net margin of 27.32%. Charles Schwab’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 EPS. analysts forecast that Charles Schwab Co. will post 2.4 earnings per share for the current fiscal year.

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About Charles Schwab

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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

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