Atomi Financial Group Inc. Raises Stake in The Charles Schwab Co. (NYSE:SCHW)

Atomi Financial Group Inc. grew its stake in The Charles Schwab Co. (NYSE:SCHW) by 19.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,202 shares of the financial services provider’s stock after acquiring an additional 2,457 shares during the quarter. Atomi Financial Group Inc.’s holdings in Charles Schwab were worth $1,125,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Intech Investment Management LLC increased its stake in Charles Schwab by 21.1% during the second quarter. Intech Investment Management LLC now owns 25,194 shares of the financial services provider’s stock worth $1,857,000 after acquiring an additional 4,395 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Charles Schwab by 4.6% during the 2nd quarter. Pacer Advisors Inc. now owns 106,653 shares of the financial services provider’s stock worth $7,859,000 after purchasing an additional 4,696 shares during the period. ProShare Advisors LLC increased its position in shares of Charles Schwab by 5.2% during the 2nd quarter. ProShare Advisors LLC now owns 303,142 shares of the financial services provider’s stock worth $22,339,000 after purchasing an additional 14,855 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in Charles Schwab by 381.4% in the 2nd quarter. 1832 Asset Management L.P. now owns 306,575 shares of the financial services provider’s stock valued at $22,592,000 after buying an additional 242,894 shares during the period. Finally, Epoch Investment Partners Inc. lifted its position in Charles Schwab by 5.2% in the second quarter. Epoch Investment Partners Inc. now owns 28,437 shares of the financial services provider’s stock valued at $2,096,000 after buying an additional 1,415 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

NYSE SCHW opened at $80.88 on Wednesday. The company has a fifty day moving average of $77.65 and a two-hundred day moving average of $70.62. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.35. The company has a market capitalization of $143.93 billion, a PE ratio of 31.59, a P/E/G ratio of 1.40 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5,190,822.51 billion. During the same quarter last year, the business posted $0.68 EPS. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, analysts expect that The Charles Schwab Co. will post 3.16 earnings per share for the current year.

Insider Activity

In other news, insider Nigel J. Murtagh sold 12,739 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the sale, the insider now owns 59,092 shares in the company, valued at approximately $4,796,497.64. This trade represents a 17.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,823 shares of company stock valued at $2,171,194. Insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SCHW shares. Barclays raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $74.00 to $95.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. raised their price target on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Morgan Stanley boosted their price objective on Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. JMP Securities restated a “market outperform” rating and set a $94.00 target price (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Finally, Citigroup cut their price target on shares of Charles Schwab from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and a consensus price target of $81.41.

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.