Heartland Bank & Trust Co Sells 323 Shares of The Charles Schwab Co. (NYSE:SCHW)

Heartland Bank & Trust Co cut its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,098 shares of the financial services provider’s stock after selling 323 shares during the period. Heartland Bank & Trust Co’s holdings in Charles Schwab were worth $599,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC boosted its stake in shares of Charles Schwab by 16.9% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 28,797 shares of the financial services provider’s stock worth $2,131,000 after buying an additional 4,154 shares during the last quarter. Kavar Capital Partners Group LLC lifted its holdings in Charles Schwab by 0.7% during the fourth quarter. Kavar Capital Partners Group LLC now owns 71,463 shares of the financial services provider’s stock worth $5,289,000 after acquiring an additional 505 shares during the period. Pacer Advisors Inc. boosted its position in Charles Schwab by 7.4% in the fourth quarter. Pacer Advisors Inc. now owns 119,588 shares of the financial services provider’s stock worth $8,851,000 after purchasing an additional 8,223 shares during the last quarter. United Asset Strategies Inc. grew its stake in Charles Schwab by 1.3% in the 4th quarter. United Asset Strategies Inc. now owns 188,239 shares of the financial services provider’s stock valued at $13,932,000 after purchasing an additional 2,497 shares during the period. Finally, KBC Group NV increased its position in shares of Charles Schwab by 186.7% during the 4th quarter. KBC Group NV now owns 2,138,033 shares of the financial services provider’s stock valued at $158,236,000 after purchasing an additional 1,392,255 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at approximately $1,481,838.69. This trade 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 accessible through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the sale, the director now owns 442,807 shares of the company’s stock, valued at $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,466 shares of company stock valued at $3,352,884. Insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

SCHW has been the subject of several research reports. The Goldman Sachs Group increased their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. JMP Securities reissued a “market outperform” rating and set a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Morgan Stanley lifted their price target on shares of Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Barclays raised their target price on Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. upped their price target on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Two 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $83.83.

Charles Schwab Trading Down 0.5 %

Shares of SCHW stock opened at $81.67 on Monday. The business has a 50-day moving average price of $77.81 and a two-hundred day moving average price of $70.83. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $83.35. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a market cap of $145.34 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5,190,822.51 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. Charles Schwab’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. Equities analysts anticipate that The Charles Schwab Co. will post 4.09 EPS for the current fiscal year.

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.