The Charles Schwab Co. (NYSE:SCHW) Stock Holdings Lifted by Forsta AP Fonden

Forsta AP Fonden increased its stake in The Charles Schwab Co. (NYSE:SCHW) by 9.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 365,001 shares of the financial services provider’s stock after acquiring an additional 31,900 shares during the quarter. Forsta AP Fonden’s holdings in Charles Schwab were worth $27,014,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Charles Schwab in the 3rd quarter worth about $25,000. Washington Trust Advisors Inc. boosted its holdings in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Charles Schwab in the third quarter worth approximately $31,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Charles Schwab during the third quarter valued at approximately $32,000. Finally, Planning Capital Management Corp purchased a new stake in shares of Charles Schwab in the 3rd quarter valued at approximately $33,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $81.73 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $145.45 billion, a P/E ratio of 27.33, a P/E/G ratio of 1.46 and a beta of 0.99. The business has a 50-day moving average of $77.86 and a two-hundred day moving average of $70.92. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $83.35.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The company’s revenue was up 19.5% on a year-over-year basis. On average, equities research analysts predict that The Charles Schwab Co. will post 4.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on SCHW. Bank of America lowered their price objective on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 16th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group raised their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Cowen upped their target price on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, Truist Financial restated a “buy” rating and set a $90.00 price target (up from $86.00) on shares of Charles Schwab in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and a consensus price target of $84.11.

Insider Buying and Selling

In other news, Director Arun Sarin sold 8,548 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the sale, the director now directly owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. In the last three months, insiders sold 50,014 shares of company stock valued at $4,052,281. Company insiders own 6.60% of the company’s stock.

About Charles Schwab

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.