UMB Bank n.a. Raises Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

UMB Bank n.a. raised its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,285 shares of the financial services provider’s stock after buying an additional 964 shares during the period. UMB Bank n.a.’s holdings in Charles Schwab were worth $1,575,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. State Street Corp increased its position in Charles Schwab by 0.7% during the 3rd quarter. State Street Corp now owns 62,076,447 shares of the financial services provider’s stock valued at $4,023,175,000 after purchasing an additional 414,949 shares during the period. Geode Capital Management LLC increased its position in shares of Charles Schwab by 1.5% during the third quarter. Geode Capital Management LLC now owns 30,141,441 shares of the financial services provider’s stock valued at $1,945,614,000 after buying an additional 445,304 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Charles Schwab by 6.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock worth $1,858,706,000 after buying an additional 1,711,312 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Charles Schwab by 15.0% in the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock worth $1,644,674,000 after buying an additional 3,157,923 shares during the period. Finally, Fisher Asset Management LLC boosted its position in Charles Schwab by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 20,189,558 shares of the financial services provider’s stock valued at $1,308,485,000 after acquiring an additional 493,264 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other news, insider Nigel J. Murtagh sold 12,739 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the completion of the sale, the insider now owns 59,092 shares of the company’s stock, valued at $4,796,497.64. The trade was a 17.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jonathan S. Beatty sold 2,500 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the transaction, the insider now directly owns 18,069 shares in the company, valued at approximately $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. Insiders sold a total of 26,823 shares of company stock worth $2,171,194 in the last three months. 6.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on SCHW. The Goldman Sachs Group raised their target price on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Jefferies Financial Group boosted their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. Citigroup decreased their price target on shares of Charles Schwab from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Cowen upped their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, Truist Financial upgraded shares of Charles Schwab to a “strong-buy” rating in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $81.41.

Charles Schwab Stock Up 5.8 %

SCHW opened at $80.88 on Wednesday. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve 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 50 day moving average price of $77.65 and a 200-day moving average price of $70.62. The stock has a market capitalization of $143.93 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 1.41 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. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5,190,822.51 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS. Equities research analysts forecast that The Charles Schwab Co. will post 3.16 earnings per share for the current year.

Charles Schwab Company 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.