The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Atomi Financial Group Inc.

Atomi Financial Group Inc. lifted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 19.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,202 shares of the financial services provider’s stock after purchasing an additional 2,457 shares during the quarter. Atomi Financial Group Inc.’s holdings in Charles Schwab were worth $1,125,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHW. Washington Trust Advisors Inc. grew its stake in shares of 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 acquiring an additional 149 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Charles Schwab in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC purchased a new stake in Charles Schwab during the 3rd quarter worth approximately $31,000. Future Financial Wealth Managment LLC acquired a new position in Charles Schwab during the 3rd quarter valued at approximately $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in shares of Charles Schwab in the third quarter worth $33,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SCHW. Cowen upped their target price on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Truist Financial upgraded Charles Schwab to a “strong-buy” rating in a research note on Monday, January 6th. The Goldman Sachs Group lifted their target price on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Redburn Partners reduced their price target 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, Piper Sandler upped their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $81.41.

Charles Schwab Stock Up 5.8 %

Shares of SCHW opened at $80.88 on Wednesday. The firm has a market cap of $143.93 billion, a P/E ratio of 31.59, a PEG ratio of 1.40 and a beta of 0.99. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $83.35. The stock’s 50 day moving average is $77.65 and its two-hundred day moving average is $70.62. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last released 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 firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5,190,822.51 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 EPS. Analysts predict that The Charles Schwab Co. will post 3.16 earnings per share for the current fiscal year.

Insider Transactions at Charles Schwab

In other news, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the completion of the sale, the insider now owns 59,092 shares of the company’s stock, valued at $4,796,497.64. This represents a 17.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares in the company, valued at approximately $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. Insiders sold 26,823 shares of company stock valued at $2,171,194 over the last 90 days. Corporate insiders own 6.60% of the company’s stock.

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.