Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Northwest Investment Counselors LLC

Northwest Investment Counselors LLC increased its position in Charles Schwab Co. (NYSE:SCHW) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,695 shares of the financial services provider’s stock after acquiring an additional 5,469 shares during the period. Northwest Investment Counselors LLC’s holdings in Charles Schwab were worth $1,983,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Charles Schwab by 3.7% during the 2nd quarter. BlackRock Inc. now owns 87,080,690 shares of the financial services provider’s stock valued at $3,499,773,000 after buying an additional 3,140,824 shares during the period. Generation Investment Management LLP increased its stake in Charles Schwab by 29.6% during the 3rd quarter. Generation Investment Management LLP now owns 27,092,510 shares of the financial services provider’s stock valued at $1,133,280,000 after buying an additional 6,193,052 shares during the period. Parnassus Investments CA increased its stake in Charles Schwab by 16.4% during the 3rd quarter. Parnassus Investments CA now owns 10,822,863 shares of the financial services provider’s stock valued at $452,720,000 after buying an additional 1,527,073 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Charles Schwab by 25.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,204,732 shares of the financial services provider’s stock valued at $217,714,000 after buying an additional 1,039,787 shares during the period. Finally, Provident Trust Co. increased its stake in Charles Schwab by 16.5% during the 3rd quarter. Provident Trust Co. now owns 5,020,076 shares of the financial services provider’s stock valued at $209,990,000 after buying an additional 711,147 shares during the period. 78.64% of the stock is currently owned by institutional investors and hedge funds.

In other Charles Schwab news, EVP Jonathan M. Craig sold 3,162 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $47.33, for a total value of $149,657.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Peter J. Morgan III sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $49.02, for a total transaction of $122,550.00. Following the completion of the transaction, the executive vice president now owns 14,180 shares of the company’s stock, valued at $695,103.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 349,364 shares of company stock valued at $17,174,848. Corporate insiders own 10.90% of the company’s stock.

Several equities analysts have commented on the stock. Deutsche Bank assumed coverage on shares of Charles Schwab in a research note on Tuesday. They set a “buy” rating on the stock. Citigroup raised their price objective on shares of Charles Schwab from $51.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Bank of America restated a “neutral” rating and set a price objective (up previously from ) on shares of Charles Schwab in a research report on Monday, January 13th. Zacks Investment Research lowered shares of Charles Schwab from a “strong-buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a research report on Tuesday, December 17th. Finally, Barclays upgraded shares of Charles Schwab from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $35.00 to $49.00 in a research report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $49.73.

Shares of NYSE:SCHW traded up $0.66 during trading hours on Tuesday, hitting $46.42. 1,260,371 shares of the company’s stock traded hands, compared to its average volume of 7,778,999. Charles Schwab Co. has a 52 week low of $34.58 and a 52 week high of $51.65. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.30 and a current ratio of 0.30. The company’s fifty day simple moving average is $48.27 and its two-hundred day simple moving average is $43.11. The company has a market cap of $60.46 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 2.76 and a beta of 1.39.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Charles Schwab had a net margin of 34.55% and a return on equity of 20.22%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the firm posted $0.65 EPS. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts anticipate that Charles Schwab Co. will post 2.63 EPS for the current fiscal year.

Charles Schwab Profile

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.

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

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