The Charles Schwab Co. (NYSE:SCHW) Stake Increased by Eagle Wealth Strategies LLC

Eagle Wealth Strategies LLC raised its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,592 shares of the financial services provider’s stock after acquiring an additional 217 shares during the quarter. Eagle Wealth Strategies LLC’s holdings in Charles Schwab were worth $340,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its stake in shares of 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 valued at $1,644,674,000 after purchasing an additional 3,157,923 shares in the last quarter. Darsana Capital Partners LP raised its stake in Charles Schwab by 200.0% during the second quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock valued at $221,070,000 after buying an additional 2,000,000 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Charles Schwab by 6.3% during 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 buying an additional 1,711,312 shares during the last quarter. AustralianSuper Pty Ltd grew its position in shares of Charles Schwab by 2,617.6% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock worth $110,681,000 after acquiring an additional 1,644,931 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new position in shares of Charles Schwab in the 3rd quarter worth approximately $86,845,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Trading Up 5.8 %

Shares of NYSE:SCHW opened at $80.88 on Wednesday. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $83.35. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a market cap of $143.93 billion, a P/E ratio of 31.59, a P/E/G ratio of 1.40 and a beta of 0.99. The company has a 50 day moving average of $77.71 and a 200-day moving average of $70.68.

Charles Schwab (NYSE:SCHW) last issued 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. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5,190,822.51 billion. During the same period last year, the company posted $0.68 EPS. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, analysts anticipate that The Charles Schwab Co. will post 3.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Nigel J. Murtagh sold 12,739 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the sale, the insider now directly owns 59,092 shares of the company’s stock, valued at $4,796,497.64. The trade was a 17.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the transaction, the insider now owns 18,069 shares of the company’s stock, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their position. 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 three months. Company insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

SCHW has been the topic of several research analyst reports. Truist Financial upgraded Charles Schwab to a “strong-buy” rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. The Goldman Sachs Group upped their target price on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Finally, Bank of America cut their price target on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Charles Schwab currently has an average rating of “Hold” and a consensus price target of $83.47.

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.