Red Door Wealth Management LLC Sells 250 Shares of The Charles Schwab Co. (NYSE:SCHW)

Red Door Wealth Management LLC reduced its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,074 shares of the financial services provider’s stock after selling 250 shares during the quarter. Red Door Wealth Management LLC’s holdings in Charles Schwab were worth $228,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. grew its holdings in Charles Schwab by 15.0% during the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock valued at $1,644,674,000 after purchasing an additional 3,157,923 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Charles Schwab by 6.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock valued at $1,858,706,000 after buying an additional 1,711,312 shares during the period. AustralianSuper Pty Ltd grew its stake in shares of Charles Schwab by 2,617.6% during the third quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock valued at $110,681,000 after buying an additional 1,644,931 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Charles Schwab in the third quarter worth approximately $86,845,000. Finally, International Assets Investment Management LLC lifted its stake in shares of Charles Schwab by 7,559.9% during the 3rd quarter. International Assets Investment Management LLC now owns 889,779 shares of the financial services provider’s stock worth $57,667,000 after acquiring an additional 878,163 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 related news, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,481,838.69. This represents a 11.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,466 shares of company stock worth $3,352,884. 6.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SCHW shares. Raymond James reduced their target price on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods lifted their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Morgan Stanley upped their target price on shares of Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. JMP Securities reaffirmed a “market outperform” rating and set a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Finally, Wells Fargo & Company raised Charles Schwab from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $89.00 to $93.00 in a research note on Wednesday. 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, Charles Schwab presently has a consensus rating of “Hold” and an average target price of $83.83.

Charles Schwab Stock Down 0.5 %

Shares of Charles Schwab stock opened at $81.67 on Friday. 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 company has a market cap of $145.34 billion, a P/E ratio of 27.31, a PEG ratio of 1.46 and a beta of 0.99. The firm’s 50 day moving average price is $77.78 and its 200-day moving average price is $70.82. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $83.35.

Charles Schwab (NYSE:SCHW) last released its quarterly 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. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5,190,822.51 billion. During the same period in the previous year, the company earned $0.68 earnings per share. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, sell-side analysts predict that The Charles Schwab Co. will post 4.09 EPS for the current fiscal year.

Charles Schwab Company 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.