Waldron Private Wealth LLC Reduces Position in The Charles Schwab Co. (NYSE:SCHW)

Waldron Private Wealth LLC decreased its holdings in The Charles Schwab Co. (NYSE:SCHW) by 11.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,093 shares of the financial services provider’s stock after selling 1,756 shares during the period. Waldron Private Wealth LLC’s holdings in Charles Schwab were worth $849,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Country Trust Bank bought a new position in Charles Schwab in the 2nd quarter worth about $26,000. American Capital Advisory LLC purchased a new stake in shares of Charles Schwab in the second quarter worth about $27,000. Fortitude Family Office LLC boosted its position in shares of Charles Schwab by 97.5% in the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 192 shares during the period. CGC Financial Services LLC purchased a new position in Charles Schwab during the second quarter valued at approximately $29,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in Charles Schwab during the 2nd quarter worth approximately $29,000. Institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Charles R. Schwab sold 67,386 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the transaction, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at approximately $3,946,927,245.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Charles R. Schwab sold 67,386 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the transaction, the chairman now owns 60,619,371 shares in the company, valued at $3,946,927,245.81. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the transaction, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at $4,396,116,784.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 182,001 shares of company stock worth $12,512,592. 6.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SCHW has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Charles Schwab from $77.00 to $76.00 in a report on Tuesday, October 15th. Morgan Stanley reduced their target price on Charles Schwab from $70.00 to $68.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. UBS Group dropped their price target on Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Barclays upped their price objective on shares of Charles Schwab from $64.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Bank of America dropped their target price on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $73.59.

Charles Schwab Stock Up 0.1 %

Shares of Charles Schwab stock opened at $70.91 on Wednesday. The company’s 50 day moving average price is $65.32 and its 200-day moving average price is $69.48. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market capitalization of $126.11 billion, a price-to-earnings ratio of 27.70, a P/E/G ratio of 1.65 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 earnings per share. Equities research analysts forecast that The Charles Schwab Co. will post 3.11 EPS for the current year.

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.