Vista Investment Partners LLC reduced its holdings in The Charles Schwab Co. (NYSE:SCHW – Free Report) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 20,150 shares of the financial services provider’s stock after selling 250 shares during the quarter. Vista Investment Partners LLC’s holdings in Charles Schwab were worth $1,491,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp lifted its stake in Charles Schwab by 0.7% in the third quarter. State Street Corp now owns 62,076,447 shares of the financial services provider’s stock valued at $4,023,175,000 after buying an additional 414,949 shares during the last quarter. Geode Capital Management LLC boosted its stake in Charles Schwab by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 30,141,441 shares of the financial services provider’s stock valued at $1,945,614,000 after purchasing an additional 445,304 shares during the period. Massachusetts Financial Services Co. MA grew its position in Charles Schwab by 6.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock worth $1,858,706,000 after purchasing an additional 1,711,312 shares during the last quarter. Franklin Resources Inc. grew its position in Charles Schwab by 15.0% in the 3rd 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 last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Charles Schwab by 2.5% in the third quarter. Fisher Asset Management LLC now owns 20,189,558 shares of the financial services provider’s stock valued at $1,308,485,000 after purchasing an additional 493,264 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.
Charles Schwab Price Performance
Shares of NYSE:SCHW opened at $81.67 on Friday. The company has a market capitalization of $145.34 billion, a PE ratio of 27.31, a price-to-earnings-growth 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 has a fifty day moving average of $77.81 and a 200-day moving average of $70.88. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $83.35.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on SCHW. Cowen increased their price objective on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Morgan Stanley boosted their price target on Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Redburn Partners lowered their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Piper Sandler lifted their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Raymond James decreased their target price on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. 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’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.
View Our Latest Report on SCHW
Insider Buying and Selling at Charles Schwab
In related news, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,466 shares of company stock valued at $3,352,884. 6.60% of the stock is currently owned by corporate insiders.
Charles Schwab Company 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.
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