Crown Oak Advisors LLC Has $33.86 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Crown Oak Advisors LLC lifted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 0.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 457,507 shares of the financial services provider’s stock after buying an additional 131 shares during the period. Charles Schwab makes up about 17.4% of Crown Oak Advisors LLC’s portfolio, making the stock its biggest holding. Crown Oak Advisors LLC’s holdings in Charles Schwab were worth $33,860,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC increased its position in Charles Schwab by 380.5% during the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after acquiring an additional 19,195 shares during the last quarter. New Century Financial Group LLC purchased a new position in shares of Charles Schwab during the 4th quarter worth about $1,208,000. Secure Asset Management LLC grew its holdings in Charles Schwab by 10.1% during the 4th quarter. Secure Asset Management LLC now owns 25,065 shares of the financial services provider’s stock valued at $1,855,000 after purchasing an additional 2,298 shares during the last quarter. Wesbanco Bank Inc. raised its position in Charles Schwab by 49.9% in the 4th quarter. Wesbanco Bank Inc. now owns 6,372 shares of the financial services provider’s stock worth $472,000 after purchasing an additional 2,120 shares during the period. Finally, Cetera Trust Company N.A lifted its stake in Charles Schwab by 0.6% in the fourth quarter. Cetera Trust Company N.A now owns 28,130 shares of the financial services provider’s stock worth $2,082,000 after purchasing an additional 175 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Charles Schwab

In related news, Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the sale, the director now directly owns 442,807 shares in the company, valued at $36,057,774.01. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,823 shares of company stock valued at $2,171,194 over the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several research analyst reports. Barclays upped their price objective on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America reduced their price objective on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research note on Wednesday, October 16th. Piper Sandler lifted their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Raymond James dropped their target price on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. increased their price target on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $83.83.

Charles Schwab Stock Up 1.7 %

SCHW stock opened at $81.96 on Friday. The company has a market capitalization of $145.86 billion, a P/E ratio of 27.41, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99. The firm’s fifty day simple moving average is $77.75 and its 200-day simple moving average is $70.75. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $83.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5,190,822.51 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. Charles Schwab’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. As a group, equities research analysts forecast that The Charles Schwab Co. will post 4.09 earnings per share for the current year.

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.