MBM Wealth Consultants LLC Raises Stock Position in The Charles Schwab Co. (NYSE:SCHW)

MBM Wealth Consultants LLC lifted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,677 shares of the financial services provider’s stock after acquiring an additional 625 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Charles Schwab were worth $1,305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SCHW. Alliance Wealth Advisors LLC boosted its position in Charles Schwab by 2.7% during the third quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 142 shares in the last quarter. Michael S. Ryan Inc. boosted its position in shares of Charles Schwab by 2.5% in the 4th quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock worth $444,000 after buying an additional 144 shares in the last quarter. GS Investments Inc. grew its stake in Charles Schwab by 0.3% in the 3rd quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider’s stock valued at $3,722,000 after acquiring an additional 146 shares during the last quarter. Relyea Zuckerberg Hanson LLC increased its holdings in Charles Schwab by 2.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 5,413 shares of the financial services provider’s stock valued at $401,000 after acquiring an additional 148 shares in the last quarter. Finally, Washington Trust Advisors Inc. raised its position 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 worth $25,000 after acquiring an additional 149 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on SCHW shares. Jefferies Financial Group increased their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. boosted their price target on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Citigroup raised their price target on shares of Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, The Goldman Sachs Group lifted their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Charles Schwab currently has an average rating of “Hold” and a consensus target price of $83.47.

Insider Activity

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the transaction, the insider now owns 59,092 shares in the company, valued at $4,796,497.64. The trade was a 17.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,823 shares of company stock valued at $2,171,194. Company insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Shares of NYSE:SCHW opened at $80.88 on Wednesday. The firm has a market capitalization of $143.93 billion, a PE ratio of 31.59, a P/E/G ratio of 1.40 and a beta of 0.99. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $83.35. 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 50-day moving average of $77.65 and a two-hundred day moving average of $70.62.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping 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 net margin of 27.47% and a return on equity of 16.92%. The company’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. As a group, research analysts forecast that The Charles Schwab Co. will post 3.16 earnings per share for the current 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.