Advisory Alpha LLC Has $378,000 Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Advisory Alpha LLC lowered its stake in The Charles Schwab Co. (NYSE:SCHW) by 8.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,103 shares of the financial services provider’s stock after selling 501 shares during the period. Advisory Alpha LLC’s holdings in Charles Schwab were worth $378,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. MBM Wealth Consultants LLC increased its position in shares of Charles Schwab by 3.7% in the fourth quarter. MBM Wealth Consultants LLC now owns 17,677 shares of the financial services provider’s stock worth $1,305,000 after purchasing an additional 625 shares during the period. Missouri Trust & Investment Co grew its position in Charles Schwab by 104.8% in the fourth quarter. Missouri Trust & Investment Co now owns 774 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 396 shares during the last quarter. Simon Quick Advisors LLC grew its position in Charles Schwab by 2.6% in the fourth quarter. Simon Quick Advisors LLC now owns 8,688 shares of the financial services provider’s stock valued at $643,000 after acquiring an additional 221 shares during the last quarter. Red Spruce Capital LLC grew its position in Charles Schwab by 7.2% in the fourth quarter. Red Spruce Capital LLC now owns 42,031 shares of the financial services provider’s stock valued at $3,111,000 after acquiring an additional 2,828 shares during the last quarter. Finally, Beaumont Financial Advisors LLC bought a new position in Charles Schwab in the fourth quarter valued at about $201,000. Institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SCHW. Morgan Stanley lifted their target price on Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Jefferies Financial Group lifted their target price on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods lifted their price target on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Piper Sandler lifted 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. Finally, Cowen lifted 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $83.83.

Charles Schwab Stock Up 1.7 %

Shares of NYSE:SCHW opened at $81.96 on Friday. The company has a market capitalization of $145.86 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. 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 business has a fifty day moving average price of $77.75 and a two-hundred day moving average price of $70.75. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.35.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The firm 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%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. Analysts forecast that The Charles Schwab Co. will post 4.04 earnings per share for the current year.

Insider Activity

In related news, 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 sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This represents a 12.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nigel J. Murtagh sold 12,739 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the sale, the insider now directly owns 59,092 shares in the company, valued at $4,796,497.64. This trade represents a 17.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,823 shares of company stock valued at $2,171,194 in the last 90 days. Insiders own 6.60% of the company’s stock.

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.