The Charles Schwab Co. (NYSE:SCHW) Stock Holdings Lifted by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,593,011 shares of the financial services provider’s stock after purchasing an additional 71,465 shares during the quarter. Charles Schwab makes up 1.1% of Fort Washington Investment Advisors Inc. OH’s portfolio, making the stock its 23rd largest holding. Fort Washington Investment Advisors Inc. OH’s holdings in Charles Schwab were worth $191,909,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new stake in shares of Charles Schwab during the third quarter valued at approximately $25,000. Washington Trust Advisors Inc. raised its stake 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 valued at $25,000 after acquiring an additional 149 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in Charles Schwab during the 3rd quarter worth $31,000. Future Financial Wealth Managment LLC bought a new position in shares of Charles Schwab in the third quarter worth $32,000. Finally, Planning Capital Management Corp acquired a new position in shares of Charles Schwab during the third quarter valued at $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the transaction, the director now owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. This represents a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,823 shares of company stock worth $2,171,194 in the last 90 days. 6.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SCHW shares. Jefferies Financial Group increased their target price 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. Wells Fargo & Company lowered their price objective on shares of Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Citigroup decreased their price target on Charles Schwab from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Keefe, Bruyette & Woods boosted their price objective on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Finally, Redburn Partners decreased their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $81.41.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $80.88 on Wednesday. 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 Charles Schwab Co. has a one year low of $61.01 and a one year high of $83.35. The business’s 50-day moving average price is $77.65 and its two-hundred day moving average price is $70.62. The company has a market capitalization of $143.93 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its quarterly 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. The business had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5,190,822.51 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 EPS. Analysts anticipate that The Charles Schwab Co. will post 3.16 earnings per share for the current fiscal 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.