VCI Wealth Management LLC Sells 8,469 Shares of The Charles Schwab Co. (NYSE:SCHW)

VCI Wealth Management LLC decreased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 37.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,372 shares of the financial services provider’s stock after selling 8,469 shares during the quarter. VCI Wealth Management LLC’s holdings in Charles Schwab were worth $1,064,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Washington Trust Advisors Inc. increased its holdings in shares of Charles Schwab by 62.6% during 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 bought a new stake in shares of Charles Schwab during the third quarter valued at approximately $25,000. Prospera Private Wealth LLC bought a new stake in Charles Schwab during the third quarter worth $31,000. Future Financial Wealth Managment LLC bought a new stake in Charles Schwab during the third quarter worth $32,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in Charles Schwab during the third quarter worth $33,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW opened at $82.36 on Tuesday. The stock’s 50-day simple moving average is $77.81 and its 200 day simple moving average is $70.83. The stock has a market capitalization of $146.58 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. 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 issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5,190,822.51 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. Research analysts forecast that The Charles Schwab Co. will post 4.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on SCHW. Bank of America decreased their price target on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a report on Wednesday, October 16th. Truist Financial restated a “buy” rating and issued a $90.00 price objective (up previously from $86.00) on shares of Charles Schwab in a research note on Wednesday, January 22nd. The Goldman Sachs Group upped 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. Barclays upped their price objective on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group upped their price objective on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. 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’s stock. Based on data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus price target of $84.11.

Insiders Place Their Bets

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the transaction, the insider now directly owns 59,092 shares in the company, valued at $4,796,497.64. This represents a 17.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at $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 50,014 shares of company stock worth $4,052,281 in the last ninety 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.