Missouri Trust & Investment Co Boosts Stake in The Charles Schwab Co. (NYSE:SCHW)

Missouri Trust & Investment Co grew its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 104.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 774 shares of the financial services provider’s stock after acquiring an additional 396 shares during the quarter. Missouri Trust & Investment Co’s holdings in Charles Schwab were worth $57,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Charles Schwab in the third quarter valued at approximately $25,000. Washington Trust Advisors Inc. lifted its stake in shares of 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 purchasing an additional 149 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Charles Schwab in the third quarter worth about $31,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Charles Schwab in the third quarter valued at about $32,000. Finally, Planning Capital Management Corp purchased a new stake in shares of Charles Schwab during the 3rd quarter valued at about $33,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Charles Schwab

In related news, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the sale, the director now owns 442,807 shares of the company’s stock, valued at $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the sale, the insider now owns 18,069 shares in the company, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,823 shares of company stock worth $2,171,194. Insiders own 6.60% of the company’s stock.

Charles Schwab Trading Up 5.8 %

Charles Schwab stock opened at $80.88 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.35. The firm’s 50-day moving average is $77.65 and its 200-day moving average is $70.62. The company has a market cap of $143.93 billion, a P/E ratio of 31.59, a PEG ratio of 1.40 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5,190,822.51 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. On average, equities analysts expect that The Charles Schwab Co. will post 3.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Piper Sandler upped their price target on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Redburn Partners lowered their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Keefe, Bruyette & Woods boosted their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Wells Fargo & Company upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $89.00 to $93.00 in a research note on Wednesday. Finally, Barclays boosted their price target on Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $83.47.

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.