CX Institutional Has $688,000 Stake in The Charles Schwab Co. (NYSE:SCHW)

CX Institutional increased its position in The Charles Schwab Co. (NYSE:SCHW) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,298 shares of the financial services provider’s stock after purchasing an additional 198 shares during the period. CX Institutional’s holdings in Charles Schwab were worth $688,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHW. LexAurum Advisors LLC lifted its position in Charles Schwab by 10.4% in the 4th quarter. LexAurum Advisors LLC now owns 14,876 shares of the financial services provider’s stock worth $1,101,000 after buying an additional 1,404 shares in the last quarter. RFG Advisory LLC lifted its position in Charles Schwab by 25.2% in the 4th quarter. RFG Advisory LLC now owns 9,837 shares of the financial services provider’s stock worth $728,000 after buying an additional 1,978 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in Charles Schwab by 888.8% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 15,346 shares of the financial services provider’s stock worth $1,135,000 after buying an additional 13,794 shares in the last quarter. Brighton Jones LLC lifted its position in Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock worth $1,794,000 after buying an additional 19,195 shares in the last quarter. Finally, New Century Financial Group LLC purchased a new stake in Charles Schwab in the 4th quarter worth approximately $1,208,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SCHW shares. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $89.00 to $93.00 in a research report on Wednesday. Bank of America cut their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. JMP Securities restated a “market outperform” rating and set a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Finally, StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $83.83.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the sale, the insider now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the sale, the director now directly owns 442,807 shares in the company, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,466 shares of company stock worth $3,352,884. 6.60% of the stock is currently owned by company insiders.

Charles Schwab Stock Performance

NYSE SCHW opened at $81.67 on Friday. The company’s fifty day moving average is $77.81 and its two-hundred day moving average is $70.88. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $83.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $145.34 billion, a price-to-earnings ratio of 27.31, a P/E/G ratio of 1.46 and a beta of 0.99.

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

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.