The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Red Spruce Capital LLC

Red Spruce Capital LLC lifted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,031 shares of the financial services provider’s stock after acquiring an additional 2,828 shares during the quarter. Charles Schwab accounts for approximately 1.4% of Red Spruce Capital LLC’s investment portfolio, making the stock its 26th biggest holding. Red Spruce Capital LLC’s holdings in Charles Schwab were worth $3,111,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Washington Trust Advisors Inc. boosted its holdings in Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Charles Schwab during the third quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new position in Charles Schwab in the 3rd quarter valued at $31,000. Future Financial Wealth Managment LLC acquired a new stake in Charles Schwab during the 3rd quarter worth $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in shares of Charles Schwab during the third quarter worth $33,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SCHW shares. Deutsche Bank Aktiengesellschaft boosted 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. Keefe, Bruyette & Woods increased their price target on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Cowen upped their target price on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Redburn Partners lowered 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. Finally, Barclays upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $74.00 to $95.00 in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Charles Schwab currently has an average rating of “Hold” and an average price target of $81.41.

Charles Schwab Stock Performance

Shares of SCHW opened at $80.88 on Wednesday. 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 1 year low of $61.01 and a 1 year high of $83.35. The stock has a market capitalization of $143.93 billion, a PE ratio of 31.59, a PEG ratio of 1.40 and a beta of 0.99. The stock has a 50-day simple moving average of $77.65 and a 200-day simple moving average of $70.62.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. 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 quarter in the previous year, the firm posted $0.68 earnings per share. The company’s revenue was up 19.5% compared to the same quarter last year. On average, analysts predict that The Charles Schwab Co. will post 3.16 earnings per share for the current fiscal year.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the completion of the sale, the insider now directly owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. This trade represents a 17.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the company’s 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 sale, the insider now owns 18,069 shares of the company’s stock, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,823 shares of company stock valued at $2,171,194 over the last three months. 6.60% of the stock is owned by corporate insiders.

About Charles Schwab

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.