Janney Montgomery Scott LLC Has $42.15 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Janney Montgomery Scott LLC lessened its stake in The Charles Schwab Co. (NYSE:SCHW) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 569,493 shares of the financial services provider’s stock after selling 13,212 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Charles Schwab were worth $42,148,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SCHW. Alliance Wealth Advisors LLC increased its holdings in Charles Schwab by 2.7% during the 3rd 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. grew its position in Charles Schwab by 2.5% in the fourth quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 144 shares in the last quarter. GS Investments Inc. grew its position in Charles Schwab by 0.3% in the third quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider’s stock valued at $3,722,000 after purchasing an additional 146 shares in the last quarter. Relyea Zuckerberg Hanson LLC lifted its position 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 worth $401,000 after buying an additional 148 shares in the last quarter. Finally, Washington Trust Advisors Inc. lifted its position in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Up 1.7 %

NYSE:SCHW opened at $81.96 on Friday. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $83.35. The firm’s fifty day moving average is $77.75 and its 200-day moving average is $70.75. The firm has a market cap of $145.86 billion, a P/E ratio of 27.41, a P/E/G ratio of 1.48 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.

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 during the quarter, compared to the consensus estimate of $5,190,822.51 billion. During the same period last year, the business posted $0.68 EPS. The business’s revenue was up 19.5% compared to the same quarter last year. Equities analysts expect that The Charles Schwab Co. will post 4.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on 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. upped their price objective on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday. Cowen increased their price target on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group upped their target price on shares of Charles Schwab from $67.00 to $74.00 and gave the company 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 and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $83.83.

Insider Transactions at Charles Schwab

In related news, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction dated 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 approximately $36,057,774.01. The trade was a 2.05 % 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, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,823 shares of company stock valued at $2,171,194 over the last three months. Corporate insiders own 6.60% of the company’s stock.

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.