The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Brighton Jones LLC

Brighton Jones LLC lifted its stake in The Charles Schwab Co. (NYSE:SCHW) by 380.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 24,240 shares of the financial services provider’s stock after purchasing an additional 19,195 shares during the period. Brighton Jones LLC’s holdings in Charles Schwab were worth $1,794,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new position in Charles Schwab in the second quarter worth approximately $168,000. Daymark Wealth Partners LLC purchased a new position in Charles Schwab in the second quarter worth approximately $3,755,000. Dark Forest Capital Management LP purchased a new position in Charles Schwab in the second quarter worth approximately $303,000. MBB Public Markets I LLC grew its position in Charles Schwab by 1,782.0% in the second quarter. MBB Public Markets I LLC now owns 106,766 shares of the financial services provider’s stock worth $7,868,000 after acquiring an additional 101,093 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Charles Schwab by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,136,345 shares of the financial services provider’s stock worth $157,427,000 after acquiring an additional 68,596 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Down 0.5 %

Charles Schwab stock opened at $81.67 on Friday. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year 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 stock has a market cap of $145.34 billion, a PE ratio of 27.31, a P/E/G ratio of 1.46 and a beta of 0.99. The stock’s fifty day moving average is $77.78 and its two-hundred day moving average is $70.82.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating 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 company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5,190,822.51 billion. During the same period last year, the firm earned $0.68 earnings per share. Charles Schwab’s quarterly revenue was up 19.5% on a year-over-year basis. On average, sell-side analysts expect that The Charles Schwab Co. will post 4.09 EPS for the current fiscal year.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction dated 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 in the company, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction dated 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. Insiders have sold a total of 41,466 shares of company stock worth $3,352,884 over the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SCHW shares. Keefe, Bruyette & Woods increased their price objective on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Barclays raised their price target on Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday. Bank of America lowered their price target on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research report on Wednesday, October 16th. The Goldman Sachs Group raised their price target on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group raised their price target on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $83.83.

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.