The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC lowered its stake in The Charles Schwab Co. (NYSE:SCHW) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,051 shares of the financial services provider’s stock after selling 793 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Charles Schwab were worth $1,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Washington Trust Advisors Inc. raised its holdings in Charles Schwab by 62.6% in the third 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. Capital Performance Advisors LLP purchased a new stake in shares of Charles Schwab in the 3rd quarter valued at approximately $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Charles Schwab in the 3rd quarter valued at $31,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Charles Schwab during the 3rd quarter worth $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Charles Schwab during the third quarter worth $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $81.96 on Friday. The stock’s 50-day moving average price is $77.75 and its 200 day moving average price is $70.75. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $145.86 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $83.35.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $5,190,822.51 billion. During the same period last year, the business posted $0.68 EPS. The company’s revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts forecast that The Charles Schwab Co. will post 4.04 EPS for the current year.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the sale, the director now owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the 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 transaction, the insider now directly 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. In the last three months, insiders have sold 26,823 shares of company stock valued at $2,171,194. 6.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of recent analyst reports. Wells Fargo & Company raised Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $89.00 to $93.00 in a report on Wednesday. Cowen raised their target price on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group increased their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Citigroup boosted their price objective on shares of Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Piper Sandler upped their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Two equities research 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 MarketBeat, Charles Schwab has a consensus rating of “Hold” and an average price target of $83.83.

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.