Kavar Capital Partners Group LLC Has $5.29 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Kavar Capital Partners Group LLC grew its holdings in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,463 shares of the financial services provider’s stock after acquiring an additional 505 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Charles Schwab were worth $5,289,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Merit Financial Group LLC grew its holdings in shares of Charles Schwab by 230.1% during the fourth quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider’s stock worth $2,483,000 after purchasing an additional 23,383 shares during the last quarter. Benjamin Edwards Inc. increased its position in Charles Schwab by 2,840.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider’s stock valued at $398,000 after acquiring an additional 5,937 shares during the period. Synovus Financial Corp raised its stake in shares of Charles Schwab by 46.0% during the third quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider’s stock valued at $4,400,000 after acquiring an additional 21,377 shares during the last quarter. Patten & Patten Inc. TN lifted its holdings in shares of Charles Schwab by 155.9% during the third quarter. Patten & Patten Inc. TN now owns 104,168 shares of the financial services provider’s stock worth $6,751,000 after purchasing an additional 63,463 shares during the period. Finally, Equity Investment Corp grew its stake in shares of Charles Schwab by 9.4% in the third quarter. Equity Investment Corp now owns 1,640,157 shares of the financial services provider’s stock worth $106,299,000 after purchasing an additional 140,643 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on SCHW. Barclays lifted their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group boosted their price objective on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Wells Fargo & Company raised Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $89.00 to $93.00 in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price target on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley raised their price objective on shares of Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $83.83.

View Our Latest Analysis on SCHW

Charles Schwab Trading Down 0.5 %

Shares of Charles Schwab stock opened at $81.67 on Monday. The stock has a fifty day moving average price of $77.81 and a 200-day moving average price of $70.83. 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 firm has a market cap of $145.34 billion, a PE ratio of 27.31, a P/E/G ratio of 1.46 and a beta of 0.99. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.35.

Charles Schwab (NYSE:SCHWGet Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5,190,822.51 billion. During the same period in the prior year, the firm earned $0.68 EPS. The company’s revenue was up 19.5% compared to the same quarter last year. Equities research analysts anticipate that The Charles Schwab Co. will post 4.09 EPS for the current year.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,300 shares of the 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 of the company’s stock, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the director now owns 442,807 shares in the company, valued at approximately $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,466 shares of company stock worth $3,352,884 over the last quarter. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Company Profile

(Free Report)

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.

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

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