5,092 Shares in The Charles Schwab Co. (NYSE:SCHW) Bought by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHWGet Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,092 shares of the financial services provider’s stock, valued at approximately $366,000.

Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of Charles Schwab by 25.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,887,068 shares of the financial services provider’s stock valued at $119,225,000 after purchasing an additional 386,287 shares during the period. United Capital Financial Advisers LLC raised its stake in shares of Charles Schwab by 12.4% in the 2nd quarter. United Capital Financial Advisers LLC now owns 16,222 shares of the financial services provider’s stock valued at $1,025,000 after purchasing an additional 1,793 shares during the period. Hanson & Doremus Investment Management raised its stake in shares of Charles Schwab by 3.1% in the 3rd quarter. Hanson & Doremus Investment Management now owns 111,546 shares of the financial services provider’s stock valued at $8,017,000 after purchasing an additional 3,329 shares during the period. Coronation Fund Managers Ltd. raised its stake in shares of Charles Schwab by 28.8% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 673,930 shares of the financial services provider’s stock valued at $48,435,000 after purchasing an additional 150,710 shares during the period. Finally, Lyell Wealth Management LP raised its stake in shares of Charles Schwab by 8.6% in the 3rd quarter. Lyell Wealth Management LP now owns 9,455 shares of the financial services provider’s stock valued at $680,000 after purchasing an additional 745 shares during the period. Institutional investors and hedge funds own 73.49% of the company’s stock.

Charles Schwab Trading Up 2.0 %

Charles Schwab stock opened at $79.25 on Wednesday. The Charles Schwab Co. has a 52 week low of $59.35 and a 52 week high of $96.24. The stock has a market capitalization of $143.91 billion, a P/E ratio of 22.64, a PEG ratio of 1.08 and a beta of 0.97. The stock has a 50-day simple moving average of $80.99 and a 200 day simple moving average of $74.95. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.39 and a current ratio of 0.39.

Charles Schwab (NYSE:SCHWGet Rating) last issued its quarterly earnings data on Wednesday, January 18th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.03). Charles Schwab had a return on equity of 23.85% and a net margin of 34.60%. The firm had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The company’s revenue was up 16.8% on a year-over-year basis. Analysts expect that The Charles Schwab Co. will post 4.69 earnings per share for the current year.

Insider Transactions at Charles Schwab

In other news, EVP Peter J. Morgan III sold 1,463 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $80.04, for a total transaction of $117,098.52. Following the completion of the sale, the executive vice president now owns 1,803 shares in the company, valued at $144,312.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Peter J. Morgan III sold 1,463 shares of Charles Schwab stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $80.04, for a total value of $117,098.52. Following the completion of the sale, the executive vice president now directly owns 1,803 shares in the company, valued at $144,312.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Peter J. Morgan III sold 7,322 shares of Charles Schwab stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $80.03, for a total transaction of $585,979.66. Following the completion of the sale, the executive vice president now owns 4,578 shares of the company’s stock, valued at $366,377.34. The disclosure for this sale can be found here. Insiders sold a total of 652,437 shares of company stock worth $51,766,622 over the last quarter. Company insiders own 6.90% of the company’s stock.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on Charles Schwab from $92.00 to $102.00 and gave the company an “overweight” rating in a research note on Friday, October 28th. The Goldman Sachs Group upgraded Charles Schwab from a “neutral” rating to a “buy” rating and set a $98.00 price objective for the company in a report on Wednesday, January 4th. Bank of America cut Charles Schwab from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $92.00 to $75.00 in a report on Thursday, January 19th. Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $88.00 to $94.00 and gave the company an “outperform” rating in a report on Thursday, January 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Charles Schwab from $100.00 to $101.00 and gave the company a “buy” rating in a report on Tuesday, November 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Charles Schwab Profile

(Get Rating)

The Charles Schwab Corp. is a savings and loan holding company, which engages in the provision of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees.

Read More

Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.