Secure Asset Management LLC Increases Holdings in The Charles Schwab Co. (NYSE:SCHW)

Secure Asset Management LLC lifted its stake in The Charles Schwab Co. (NYSE:SCHW) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,065 shares of the financial services provider’s stock after buying an additional 2,298 shares during the period. Secure Asset Management LLC’s holdings in Charles Schwab were worth $1,855,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SCHW. Washington Trust Advisors Inc. increased its stake in Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Charles Schwab during the third quarter valued at approximately $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Charles Schwab during the 3rd quarter worth approximately $31,000. Future Financial Wealth Managment LLC bought a new stake in shares of Charles Schwab in the 3rd quarter worth approximately $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in Charles Schwab during the 3rd quarter valued at approximately $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. 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. 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 note on Monday, December 9th. Bank of America dropped their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 16th. Citigroup boosted their price objective on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Raymond James lowered their target price on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $83.83.

Insider Activity at Charles Schwab

In other news, 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 completion of the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 442,807 shares in the company, valued at $36,057,774.01. The trade was 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 sold 26,823 shares of company stock worth $2,171,194. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Price Performance

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 1.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a fifty day moving average of $77.75 and a 200-day moving average of $70.75. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $83.35.

Charles Schwab (NYSE:SCHW) last issued 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. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5,190,822.51 billion. During the same quarter last year, the business posted $0.68 EPS. Charles Schwab’s revenue was up 19.5% on a year-over-year basis. As a group, equities analysts anticipate that The Charles Schwab Co. will post 4.09 EPS for the current fiscal year.

Charles Schwab 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.