Zeke Capital Advisors LLC grew its holdings in Charles Schwab Co. (NYSE:SCHW) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,903 shares of the financial services provider’s stock after purchasing an additional 994 shares during the period. Zeke Capital Advisors LLC’s holdings in Charles Schwab were worth $1,125,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Bogart Wealth LLC lifted its position in Charles Schwab by 1,100.0% during the 4th quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 1,870 shares during the period. Pinnacle Wealth Planning Services Inc. acquired a new stake in Charles Schwab during the 4th quarter worth approximately $118,000. Zions Bancorporation lifted its position in Charles Schwab by 1,545.3% during the 3rd quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 3,585 shares during the period. Acadian Asset Management LLC acquired a new stake in Charles Schwab during the 4th quarter worth approximately $187,000. Finally, Fiduciary Trust Co. acquired a new stake in Charles Schwab during the 4th quarter worth approximately $208,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently issued reports on SCHW. Deutsche Bank reduced their price objective on Charles Schwab from $55.00 to $54.00 and set a “hold” rating for the company in a report on Friday. Zacks Investment Research downgraded Charles Schwab from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. SunTrust Banks reissued a “buy” rating on shares of Charles Schwab in a research report on Wednesday, February 14th. Credit Suisse Group dropped their price target on Charles Schwab from $70.00 to $69.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Finally, Citigroup downgraded Charles Schwab from a “neutral” rating to a “sell” rating and set a $49.00 price objective for the company. in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $55.14.
In other news, EVP Terri R. Kallsen sold 2,026 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $51.94, for a total transaction of $105,230.44. Following the completion of the transaction, the executive vice president now directly owns 1,706 shares of the company’s stock, valued at $88,609.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 240,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $55.13, for a total value of $13,231,200.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 920,225 shares of company stock valued at $50,239,974. 12.00% of the stock is owned by corporate insiders.
Shares of NYSE:SCHW traded down $2.24 during trading on Friday, hitting $50.11. The company’s stock had a trading volume of 8,171,377 shares, compared to its average volume of 6,773,011. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.30 and a current ratio of 0.31. Charles Schwab Co. has a fifty-two week low of $37.16 and a fifty-two week high of $58.11. The stock has a market cap of $70,487.85, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 1.28 and a beta of 1.55.
Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The firm 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 company earned $0.36 earnings per share. equities research analysts predict that Charles Schwab Co. will post 2.4 EPS for the current year.
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Charles Schwab Company Profile
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.
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