Financial Partners Group LLC Lowers Stake in The Charles Schwab Co. (NYSE:SCHW)

Financial Partners Group LLC decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 14.1% during the fourth quarter, Holdings Channel reports. The firm owned 26,183 shares of the financial services provider’s stock after selling 4,294 shares during the quarter. Financial Partners Group LLC’s holdings in Charles Schwab were worth $1,938,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in Charles Schwab in the 3rd quarter valued at about $25,000. Washington Trust Advisors Inc. grew its holdings in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares in the last quarter. 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 stake in Charles Schwab during the 3rd quarter worth approximately $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Charles Schwab in the 3rd quarter valued at approximately $33,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SCHW. Wells Fargo & Company raised Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $89.00 to $93.00 in a research report on Wednesday. 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. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley raised their target price on shares of Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. 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, Charles Schwab presently has a consensus rating of “Hold” and an average price target of $83.83.

Charles Schwab Stock Up 1.7 %

SCHW opened at $81.96 on Friday. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $83.35. 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 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 business’s 50-day simple moving average is $77.75 and its 200-day simple moving average is $70.75.

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

Insider Activity at Charles Schwab

In related news, insider Nigel J. Murtagh sold 12,739 shares of the business’s stock in a transaction dated 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 owns 59,092 shares in the company, valued at $4,796,497.64. The trade was a 17.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,823 shares of company stock worth $2,171,194 in the last 90 days. 6.60% of the stock is owned by insiders.

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.