The Charles Schwab Co. (NYSE:SCHW) Shares Sold by MCF Advisors LLC

MCF Advisors LLC lowered its position in The Charles Schwab Co. (NYSE:SCHW) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,608 shares of the financial services provider’s stock after selling 499 shares during the quarter. MCF Advisors LLC’s holdings in Charles Schwab were worth $489,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in Charles Schwab in the fourth quarter valued at $740,000. Roberts Wealth Advisors LLC increased its position in shares of Charles Schwab by 1.3% in the 4th quarter. Roberts Wealth Advisors LLC now owns 23,359 shares of the financial services provider’s stock worth $1,721,000 after purchasing an additional 309 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Charles Schwab by 2.8% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 2,593,011 shares of the financial services provider’s stock worth $191,909,000 after purchasing an additional 71,465 shares during the last quarter. Atomi Financial Group Inc. grew its stake in Charles Schwab by 19.3% in the fourth quarter. Atomi Financial Group Inc. now owns 15,202 shares of the financial services provider’s stock worth $1,125,000 after purchasing an additional 2,457 shares in the last quarter. Finally, Capricorn Fund Managers Ltd bought a new stake in Charles Schwab in the fourth quarter valued at about $788,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Redburn Partners reduced their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company lowered their target price on Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Cowen boosted their price objective on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Two 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $81.41.

Charles Schwab Stock Performance

SCHW stock opened at $80.88 on Wednesday. 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 Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $83.35. The firm has a 50 day moving average of $77.65 and a two-hundred day moving average of $70.62. The company has a market capitalization of $143.93 billion, a price-to-earnings ratio of 31.59, a P/E/G 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 earnings per share for the quarter, topping 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 firm 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 previous year, the company earned $0.68 EPS. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities analysts anticipate that The Charles Schwab Co. will post 3.16 EPS for the current fiscal year.

Insider Buying and Selling at Charles Schwab

In related news, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the sale, the insider now owns 59,092 shares of the company’s stock, valued at $4,796,497.64. The trade was a 17.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,823 shares of company stock valued at $2,171,194 in the last 90 days. 6.60% of the stock is currently owned by insiders.

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.