The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC increased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,055 shares of the financial services provider’s stock after acquiring an additional 1,216 shares during the quarter. Ballentine Partners LLC’s holdings in Charles Schwab were worth $1,706,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHW. Intech Investment Management LLC boosted its position in 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 worth $1,857,000 after acquiring an additional 4,395 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Charles Schwab by 4.6% in 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 boosted its holdings in Charles Schwab by 5.2% in the 2nd 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 last quarter. 1832 Asset Management L.P. boosted its holdings in Charles Schwab by 381.4% in the 2nd quarter. 1832 Asset Management L.P. now owns 306,575 shares of the financial services provider’s stock valued at $22,592,000 after purchasing an additional 242,894 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its holdings in Charles Schwab by 5.2% in the 2nd quarter. Epoch Investment Partners Inc. now owns 28,437 shares of the financial services provider’s stock valued at $2,096,000 after purchasing an additional 1,415 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Piper Sandler boosted their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company decreased their target price on shares of Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Bank of America reduced 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. Finally, Truist Financial raised shares of Charles Schwab to a “strong-buy” rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have issued 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $81.41.

Charles Schwab Stock Up 5.8 %

Shares of Charles Schwab stock opened at $80.88 on Wednesday. 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 Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $83.35. The company has a market capitalization of $143.93 billion, a P/E ratio of 31.59, a P/E/G ratio of 1.41 and a beta of 0.99. The company has a 50 day moving average of $77.65 and a 200 day moving average of $70.62.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data 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 business had revenue of $5.33 billion during 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 company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 EPS. As a group, research analysts forecast that The Charles Schwab Co. will post 3.16 EPS for the current fiscal year.

Insider Transactions at Charles Schwab

In other news, 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 completion of the sale, the director now owns 442,807 shares in the company, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction that occurred on 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 $1,391,674.38. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,823 shares of company stock valued at $2,171,194. 6.60% of the stock is currently owned by corporate insiders.

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.