The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Simon Quick Advisors LLC

Simon Quick Advisors LLC raised its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,688 shares of the financial services provider’s stock after acquiring an additional 221 shares during the quarter. Simon Quick Advisors LLC’s holdings in Charles Schwab were worth $643,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SCHW. Franklin Resources Inc. boosted its holdings in Charles Schwab by 15.0% in the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock worth $1,644,674,000 after purchasing an additional 3,157,923 shares during the period. Darsana Capital Partners LP boosted its holdings in shares of Charles Schwab by 200.0% in the 2nd quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock valued at $221,070,000 after buying an additional 2,000,000 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Charles Schwab by 6.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock valued at $1,858,706,000 after buying an additional 1,711,312 shares during the last quarter. AustralianSuper Pty Ltd raised its stake in Charles Schwab by 2,617.6% during the third quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock worth $110,681,000 after acquiring an additional 1,644,931 shares during the period. Finally, Two Sigma Advisers LP bought a new position in Charles Schwab in the third quarter worth about $86,845,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Price Performance

NYSE:SCHW opened at $80.44 on Thursday. 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 price is $77.71 and its 200 day moving average price is $70.68. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $83.35. The firm has a market cap of $143.15 billion, a P/E ratio of 31.42, a PEG ratio of 1.40 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5,190,822.51 billion. During the same quarter in the previous year, the company posted $0.68 EPS. The business’s revenue was up 19.5% compared to the same quarter last year. As a group, sell-side analysts predict that The Charles Schwab Co. will post 3.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SCHW shares. Barclays increased their price target on Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday. The Goldman Sachs Group increased their target price on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup increased their price objective on shares of Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.83.

Insiders Place Their Bets

In related news, Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at $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 have sold 26,823 shares of company stock worth $2,171,194. 6.60% of the stock is owned by 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.