Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Advisory Services Network LLC

Advisory Services Network LLC lifted its stake in shares of Charles Schwab Co. (NYSE:SCHW) by 23.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,396 shares of the financial services provider’s stock after purchasing an additional 3,547 shares during the quarter. Advisory Services Network LLC’s holdings in Charles Schwab were worth $786,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SCHW. Kaizen Advisory LLC boosted its holdings in shares of Charles Schwab by 8.0% in the 4th quarter. Kaizen Advisory LLC now owns 3,217 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 237 shares in the last quarter. ETF Managers Group LLC boosted its holdings in Charles Schwab by 10.3% during the 1st quarter. ETF Managers Group LLC now owns 2,753 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 258 shares during the period. Rehmann Capital Advisory Group boosted its holdings in Charles Schwab by 3.6% during the 1st quarter. Rehmann Capital Advisory Group now owns 7,400 shares of the financial services provider’s stock valued at $316,000 after acquiring an additional 260 shares during the period. Gs Investments Inc. boosted its holdings in Charles Schwab by 0.5% during the 1st quarter. Gs Investments Inc. now owns 50,650 shares of the financial services provider’s stock valued at $2,166,000 after acquiring an additional 265 shares during the period. Finally, Belpointe Asset Management LLC boosted its holdings in Charles Schwab by 3.3% during the 4th quarter. Belpointe Asset Management LLC now owns 9,406 shares of the financial services provider’s stock valued at $391,000 after acquiring an additional 298 shares during the period. Institutional investors own 78.92% of the company’s stock.

In other news, Director Stephen T. Mclin sold 4,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $45.59, for a total value of $182,360.00. Following the transaction, the director now directly owns 7,592 shares in the company, valued at approximately $346,119.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Stephen T. Mclin sold 4,356 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $43.85, for a total value of $191,010.60. Following the completion of the transaction, the director now directly owns 7,592 shares in the company, valued at $332,909.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 841,576 shares of company stock worth $38,416,671. Company insiders own 10.90% of the company’s stock.

Several brokerages recently weighed in on SCHW. Citigroup cut Apergy from a “buy” rating to a “neutral” rating and dropped their target price for the company from $41.00 to $34.00 in a report on Tuesday. ValuEngine cut Virtu Financial from a “hold” rating to a “sell” rating in a report on Tuesday, June 18th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 4,000 ($52.27) price target on shares of in a research report on Tuesday, June 18th. Wells Fargo & Co reaffirmed a “hold” rating on shares of AON in a research report on Friday, April 5th. Finally, Keefe, Bruyette & Woods raised Focus Financial Partners from a “market perform” rating to an “outperform” rating and upped their price target for the company from $35.00 to $35.50 in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $48.53.

SCHW stock traded down $0.33 on Friday, reaching $40.13. 9,982,672 shares of the company traded hands, compared to its average volume of 9,764,555. Charles Schwab Co. has a one year low of $37.83 and a one year high of $54.26. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $54.01 billion, a P/E ratio of 15.62, a P/E/G ratio of 1.89 and a beta of 1.23. The firm’s fifty day simple moving average is $41.43.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. Charles Schwab had a return on equity of 20.47% and a net margin of 35.27%. The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, sell-side analysts forecast that Charles Schwab Co. will post 2.72 earnings per share for the current fiscal year.

About Charles Schwab

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

See Also: Limitations of the P/E Growth ratio

Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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