Calton & Associates Inc. Has $265,000 Holdings in The Charles Schwab Co. (NYSE:SCHW)

Calton & Associates Inc. grew its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 17.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,094 shares of the financial services provider’s stock after purchasing an additional 605 shares during the period. Calton & Associates Inc.’s holdings in Charles Schwab were worth $265,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. M&G Plc bought a new stake in shares of Charles Schwab during the 1st quarter worth approximately $11,452,000. Teewinot Capital Advisers L.L.C. lifted its holdings in shares of Charles Schwab by 9.0% during the 2nd quarter. Teewinot Capital Advisers L.L.C. now owns 775,161 shares of the financial services provider’s stock worth $57,122,000 after acquiring an additional 64,041 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Charles Schwab by 10.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 190,597 shares of the financial services provider’s stock worth $13,788,000 after acquiring an additional 17,925 shares during the period. Iowa State Bank lifted its holdings in shares of Charles Schwab by 37.9% during the 3rd quarter. Iowa State Bank now owns 28,476 shares of the financial services provider’s stock worth $1,846,000 after acquiring an additional 7,829 shares during the period. Finally, Dudley & Shanley Inc. bought a new stake in shares of Charles Schwab during the 1st quarter worth approximately $13,650,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Up 0.1 %

SCHW opened at $70.91 on Wednesday. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The company has a fifty day moving average of $65.32 and a 200-day moving average of $69.48. The stock has a market cap of $126.11 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 1.65 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the prior year, the company posted $0.77 earnings per share. Charles Schwab’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, sell-side analysts predict that The Charles Schwab Co. will post 3.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SCHW shares. Keefe, Bruyette & Woods upped their price target on shares of Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Wells Fargo & Company increased their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Citigroup dropped their price objective on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $73.59.

Insider Transactions at Charles Schwab

In other news, Chairman Charles R. Schwab sold 67,386 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the completion of the sale, the chairman now directly owns 60,619,371 shares in the company, valued at $3,946,927,245.81. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Charles Schwab news, insider Paul V. Woolway sold 1,150 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $65.20, for a total value of $74,980.00. Following the completion of the sale, the insider now directly owns 61,887 shares in the company, valued at approximately $4,035,032.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 67,386 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the completion of the sale, the chairman now owns 60,619,371 shares of the company’s stock, valued at $3,946,927,245.81. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 182,001 shares of company stock worth $12,512,592 over the last three months. 6.60% of the stock is owned by company insiders.

Charles Schwab 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.