Vista Private Wealth Partners. LLC Makes New Investment in Charles Schwab Co. (NYSE:SCHW)

Vista Private Wealth Partners. LLC acquired a new position in shares of Charles Schwab Co. (NYSE:SCHW) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,785 shares of the financial services provider’s stock, valued at approximately $144,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. FNY Investment Advisers LLC raised its stake in Charles Schwab by 133.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 700 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 400 shares during the last quarter. Gradient Investments LLC increased its stake in shares of Charles Schwab by 526.2% during the 3rd quarter. Gradient Investments LLC now owns 814 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 684 shares during the last quarter. Glassman Wealth Services increased its stake in shares of Charles Schwab by 51.0% during the 2nd quarter. Glassman Wealth Services now owns 1,098 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 371 shares during the last quarter. First PREMIER Bank acquired a new position in shares of Charles Schwab during the 2nd quarter valued at about $49,000. Finally, Mirova acquired a new position in shares of Charles Schwab during the 2nd quarter valued at about $53,000. 79.07% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on SCHW shares. Morgan Stanley dropped their price objective on shares of Charles Schwab from $48.00 to $43.00 and set an “overweight” rating for the company in a research note on Monday. Argus reaffirmed a “buy” rating and set a $52.00 price objective (down previously from $57.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Deutsche Bank upped their price objective on shares of Charles Schwab from $34.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday. Credit Suisse Group dropped their price objective on shares of Charles Schwab from $55.00 to $49.00 and set an “outperform” rating for the company in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Charles Schwab from $48.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.09.

In other Charles Schwab news, EVP Jonathan M. Craig sold 3,740 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $38.97, for a total value of $145,747.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Charles R. Schwab sold 105,422 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $42.03, for a total value of $4,430,886.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,677 shares of company stock valued at $8,993,241. Corporate insiders own 10.90% of the company’s stock.

SCHW traded up $0.57 on Thursday, reaching $39.59. 117,427 shares of the company’s stock were exchanged, compared to its average volume of 11,715,894. The company’s 50 day moving average is $39.53 and its 200-day moving average is $41.53. The company has a market cap of $49.31 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 2.54 and a beta of 1.32. Charles Schwab Co. has a twelve month low of $34.58 and a twelve month high of $49.24. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.31 and a current ratio of 0.31.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.05. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.65 billion. Charles Schwab had a net margin of 35.29% and a return on equity of 20.52%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. Sell-side analysts forecast that Charles Schwab Co. will post 2.61 EPS for the current year.

Charles Schwab Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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

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