LexAurum Advisors LLC Grows Position in The Charles Schwab Co. (NYSE:SCHW)

LexAurum Advisors LLC lifted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 10.4% in the fourth quarter, Holdings Channel reports. The firm owned 14,876 shares of the financial services provider’s stock after purchasing an additional 1,404 shares during the period. LexAurum Advisors LLC’s holdings in Charles Schwab were worth $1,101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Washington Trust Advisors Inc. grew its stake in Charles Schwab by 62.6% during 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. Capital Performance Advisors LLP acquired a new position in shares of Charles Schwab during the 3rd quarter valued at $25,000. Prospera Private Wealth LLC purchased a new stake in Charles Schwab during the 3rd quarter worth $31,000. Future Financial Wealth Managment LLC acquired a new stake in Charles Schwab in the 3rd quarter valued at $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Charles Schwab in the third quarter valued at about $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW stock opened at $81.96 on Friday. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $83.35. The stock has a market capitalization of $145.86 billion, a PE ratio of 27.41, a PEG ratio of 1.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The stock’s fifty day moving average is $77.75 and its 200-day moving average is $70.75.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5,190,822.51 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. Equities research analysts expect that The Charles Schwab Co. will post 4.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the transaction, the insider now directly owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. This trade represents a 17.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,823 shares of company stock worth $2,171,194. Insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Piper Sandler upped their price target on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Barclays upped their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Redburn Partners decreased their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. Finally, Citigroup lifted their target price on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $83.83.

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.