Brighton Jones LLC Increases Position in The Charles Schwab Co. (NYSE:SCHW)

Brighton Jones LLC grew its stake in The Charles Schwab Co. (NYSE:SCHW) by 380.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,240 shares of the financial services provider’s stock after acquiring an additional 19,195 shares during the quarter. Brighton Jones LLC’s holdings in Charles Schwab were worth $1,794,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHW. New Century Financial Group LLC purchased a new position in Charles Schwab during the 4th quarter worth $1,208,000. Secure Asset Management LLC grew its stake in Charles Schwab by 10.1% during the 4th quarter. Secure Asset Management LLC now owns 25,065 shares of the financial services provider’s stock worth $1,855,000 after buying an additional 2,298 shares during the last quarter. Wesbanco Bank Inc. grew its stake in Charles Schwab by 49.9% during the 4th quarter. Wesbanco Bank Inc. now owns 6,372 shares of the financial services provider’s stock worth $472,000 after buying an additional 2,120 shares during the last quarter. Cetera Trust Company N.A grew its stake in Charles Schwab by 0.6% during the 4th quarter. Cetera Trust Company N.A now owns 28,130 shares of the financial services provider’s stock worth $2,082,000 after buying an additional 175 shares during the last quarter. Finally, Eagle Wealth Strategies LLC grew its stake in Charles Schwab by 5.0% during the 4th quarter. Eagle Wealth Strategies LLC now owns 4,592 shares of the financial services provider’s stock worth $340,000 after buying an additional 217 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value 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. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,466 shares of company stock valued at $3,352,884 over the last quarter. 6.60% of the stock is currently owned by insiders.

Charles Schwab Stock Performance

NYSE SCHW opened at $81.67 on Friday. The stock has a market capitalization of $145.34 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 1.46 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. 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 stock has a 50-day moving average of $77.78 and a 200 day moving average of $70.82.

Charles Schwab (NYSE:SCHW) last released its quarterly 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 analysts’ expectations 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 prior year, the firm posted $0.68 EPS. Sell-side analysts anticipate that The Charles Schwab Co. will post 4.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Jefferies Financial Group boosted their price target on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Raymond James dropped their price target on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Cowen boosted their price target on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Wells Fargo & Company upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $89.00 to $93.00 in a research note on Wednesday. Finally, Piper Sandler boosted their price target on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $83.83.

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.