Mutual Advisors LLC Has $544,000 Position in The Charles Schwab Co. (NYSE:SCHW)

Mutual Advisors LLC lowered its position in shares of The Charles Schwab Co. (NYSE:SCHW – Get Rating) by 29.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,576 shares of the financial services provider’s stock after selling 3,157 shares during the quarter. Mutual Advisors LLC’s holdings in Charles Schwab were worth $544,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SCHW. Vontobel Holding Ltd. lifted its stake in Charles Schwab by 7.5% in the first quarter. Vontobel Holding Ltd. now owns 20,822 shares of the financial services provider’s stock valued at $1,847,000 after buying an additional 1,452 shares in the last quarter. Moors & Cabot Inc. lifted its stake in Charles Schwab by 4.3% in the first quarter. Moors & Cabot Inc. now owns 6,263 shares of the financial services provider’s stock valued at $528,000 after buying an additional 259 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Charles Schwab by 25.4% in the first quarter. Sequoia Financial Advisors LLC now owns 13,064 shares of the financial services provider’s stock valued at $1,101,000 after buying an additional 2,648 shares in the last quarter. Brighton Jones LLC lifted its stake in Charles Schwab by 7.5% in the first quarter. Brighton Jones LLC now owns 3,807 shares of the financial services provider’s stock valued at $321,000 after buying an additional 267 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Charles Schwab by 16.6% in the first quarter. Covestor Ltd now owns 1,239 shares of the financial services provider’s stock valued at $104,000 after buying an additional 176 shares in the last quarter. Institutional investors and hedge funds own 73.49% of the company’s stock.

Charles Schwab Price Performance

NYSE:SCHW opened at $79.25 on Wednesday. The Charles Schwab Co. has a one year low of $59.35 and a one year high of $96.24. The company has a market cap of $143.91 billion, a P/E ratio of 22.64, a P/E/G ratio of 1.08 and a beta of 0.97. The firm’s fifty day moving average price is $80.99 and its two-hundred day moving average price is $74.95. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.39 and a quick ratio of 0.39.

Charles Schwab (NYSE:SCHW – Get Rating) last released its quarterly earnings data on Wednesday, January 18th. The financial services provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.03). Charles Schwab had a net margin of 34.60% and a return on equity of 23.85%. The company had revenue of $5.50 billion during the quarter, compared to analyst estimates of $5.55 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Charles Schwab’s revenue for the quarter was up 16.8% on a year-over-year basis. Equities analysts expect that The Charles Schwab Co. will post 4.69 earnings per share for the current year.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan M. Craig sold 4,019 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $79.08, for a total value of $317,822.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Nigel J. Murtagh sold 16,169 shares of the company’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $80.00, for a total value of $1,293,520.00. Following the transaction, the executive vice president now directly owns 51,798 shares in the company, valued at $4,143,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan M. Craig sold 4,019 shares of the company’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $79.08, for a total transaction of $317,822.52. The disclosure for this sale can be found here. Insiders have sold a total of 652,437 shares of company stock worth $51,766,622 over the last ninety days. Insiders own 6.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on SCHW shares. Erste Group Bank raised shares of Charles Schwab from a “hold” rating to a “buy” rating in a research note on Wednesday, October 5th. Morgan Stanley boosted their price objective on shares of Charles Schwab from $99.00 to $104.00 and gave the stock an “overweight” rating in a research report on Friday, October 28th. The Goldman Sachs Group raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Wednesday, January 4th. UBS Group boosted their price objective on shares of Charles Schwab from $90.00 to $97.00 and gave the stock a “buy” rating in a research report on Monday, January 9th. Finally, Citigroup assumed coverage on shares of Charles Schwab in a research report on Tuesday, October 11th. They issued a “neutral” rating and a $83.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

About Charles Schwab

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The Charles Schwab Corp. is a savings and loan holding company, which engages in the provision of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees.