The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Roberts Wealth Advisors LLC

Roberts Wealth Advisors LLC lifted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,359 shares of the financial services provider’s stock after acquiring an additional 309 shares during the period. Roberts Wealth Advisors LLC’s holdings in Charles Schwab were worth $1,721,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SCHW. Washington Trust Advisors Inc. raised its stake in Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab during the 3rd quarter worth $25,000. Prospera Private Wealth LLC purchased a new position in shares of Charles Schwab in the 3rd quarter worth $31,000. Future Financial Wealth Managment LLC acquired a new position in Charles Schwab in the third quarter valued at $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Charles Schwab during the third quarter worth about $33,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SCHW. Barclays upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $74.00 to $95.00 in a report on Monday, December 9th. Citigroup dropped their price objective on shares of Charles Schwab from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Keefe, Bruyette & Woods lifted their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Truist Financial raised Charles Schwab to a “strong-buy” rating in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and a consensus price target of $81.41.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher V. Dodds sold 9,284 shares of Charles Schwab 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 transaction, the director now directly owns 442,807 shares of the company’s stock, valued at $36,057,774.01. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,823 shares of company stock worth $2,171,194 over the last quarter. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Stock Up 5.8 %

SCHW stock opened at $80.88 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a 50 day simple moving average of $77.65 and a 200-day simple moving average of $70.62. The company has a market capitalization of $143.93 billion, a P/E ratio of 31.59, a PEG ratio of 1.40 and a beta of 0.99. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $83.35.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The company had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5,190,822.51 billion. During the same period last year, the business earned $0.68 EPS. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, equities research analysts predict that The Charles Schwab Co. will post 3.16 earnings per share for the current fiscal year.

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.