Koshinski Asset Management Inc. Cuts Stake in The Charles Schwab Co. (NYSE:SCHW)

Koshinski Asset Management Inc. decreased its holdings in The Charles Schwab Co. (NYSE:SCHW) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,651 shares of the financial services provider’s stock after selling 162 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Charles Schwab were worth $1,010,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHW. Intech Investment Management LLC grew its holdings in shares of Charles Schwab by 21.1% during the second quarter. Intech Investment Management LLC now owns 25,194 shares of the financial services provider’s stock valued at $1,857,000 after buying an additional 4,395 shares during the last quarter. Pacer Advisors Inc. grew its stake in Charles Schwab by 4.6% during the 2nd quarter. Pacer Advisors Inc. now owns 106,653 shares of the financial services provider’s stock valued at $7,859,000 after purchasing an additional 4,696 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Charles Schwab by 5.2% in the second quarter. ProShare Advisors LLC now owns 303,142 shares of the financial services provider’s stock valued at $22,339,000 after purchasing an additional 14,855 shares during the period. 1832 Asset Management L.P. raised its stake in shares of Charles Schwab by 381.4% in the second quarter. 1832 Asset Management L.P. now owns 306,575 shares of the financial services provider’s stock worth $22,592,000 after purchasing an additional 242,894 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its holdings in shares of Charles Schwab by 5.2% during the second quarter. Epoch Investment Partners Inc. now owns 28,437 shares of the financial services provider’s stock worth $2,096,000 after purchasing an additional 1,415 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

NYSE SCHW opened at $80.88 on Wednesday. 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 Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $83.35. The company has a market cap of $143.93 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99. The stock’s 50 day simple moving average is $77.65 and its 200-day simple moving average is $70.62.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5,190,822.51 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 EPS. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 3.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Morgan Stanley increased their price target on Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. JMP Securities reissued a “market outperform” rating and issued a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Finally, Raymond James dropped their target price on Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $81.41.

Insiders Place Their Bets

In other news, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the transaction, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nigel J. Murtagh sold 12,739 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the sale, the insider now owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. The trade was a 17.73 % decrease in their ownership of the stock. 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 ninety days. 6.60% of the stock is currently owned by corporate insiders.

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.