The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC decreased its stake in The Charles Schwab Co. (NYSE:SCHW) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,074 shares of the financial services provider’s stock after selling 454 shares during the period. Foundations Investment Advisors LLC’s holdings in Charles Schwab were worth $1,708,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Driehaus Capital Management LLC raised its stake in shares of Charles Schwab by 25.2% during the 2nd quarter. Driehaus Capital Management LLC now owns 8,638 shares of the financial services provider’s stock worth $637,000 after buying an additional 1,737 shares during the last quarter. NewEdge Advisors LLC raised its position in Charles Schwab by 14.0% during the second quarter. NewEdge Advisors LLC now owns 92,844 shares of the financial services provider’s stock worth $6,842,000 after acquiring an additional 11,394 shares during the last quarter. Quarry LP lifted its holdings in shares of Charles Schwab by 204.7% in the second quarter. Quarry LP now owns 1,670 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 1,122 shares in the last quarter. Point72 Asset Management L.P. grew its position in shares of Charles Schwab by 1,560.0% in the second quarter. Point72 Asset Management L.P. now owns 127,024 shares of the financial services provider’s stock valued at $9,360,000 after purchasing an additional 135,724 shares during the last quarter. Finally, Advisory Alpha LLC increased its stake in shares of Charles Schwab by 9.1% during the 2nd quarter. Advisory Alpha LLC now owns 5,588 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 468 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Down 1.0 %

SCHW opened at $81.73 on Wednesday. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.35. The firm has a 50 day moving average price of $77.82 and a 200 day moving average price of $70.87. 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 company has a market cap of $145.45 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released 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. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. Charles Schwab’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 earnings per share. Sell-side analysts expect that The Charles Schwab Co. will post 4.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SCHW. UBS Group upped their target price on Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday. Morgan Stanley increased their price objective on Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Barclays boosted their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Finally, StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $84.11.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the sale, the insider now owns 18,069 shares of the company’s stock, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Insiders have sold 50,014 shares of company stock valued at $4,052,281 over the last three months. 6.60% of the stock is owned by company 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.