Secure Asset Management LLC Purchases 2,298 Shares of The Charles Schwab Co. (NYSE:SCHW)

Secure Asset Management LLC boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,065 shares of the financial services provider’s stock after acquiring an additional 2,298 shares during the quarter. Secure Asset Management LLC’s holdings in Charles Schwab were worth $1,855,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new stake in Charles Schwab during the second quarter worth approximately $168,000. APG Asset Management N.V. lifted its stake in shares of Charles Schwab by 6.5% in the second quarter. APG Asset Management N.V. now owns 2,458,359 shares of the financial services provider’s stock worth $169,029,000 after buying an additional 149,033 shares during the last quarter. Elgethun Capital Management boosted its holdings in shares of Charles Schwab by 0.9% during the 2nd quarter. Elgethun Capital Management now owns 143,319 shares of the financial services provider’s stock worth $10,561,000 after buying an additional 1,330 shares during the period. Drucker Wealth 3.0 LLC acquired a new position in Charles Schwab in the 2nd quarter valued at $2,902,000. Finally, Darsana Capital Partners LP raised its holdings in Charles Schwab by 200.0% in the 2nd quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock worth $221,070,000 after acquiring an additional 2,000,000 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Up 1.7 %

Shares of SCHW opened at $81.96 on Friday. 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 company has a 50-day moving average price of $77.75 and a two-hundred day moving average price of $70.75. The stock has a market cap of $145.86 billion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 1.46 and a beta of 0.99. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $83.35.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5,190,822.51 billion. During the same quarter last year, the company earned $0.68 EPS. Charles Schwab’s revenue was up 19.5% on a year-over-year basis. Equities analysts predict that The Charles Schwab Co. will post 4.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SCHW shares. Barclays upped their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday. Truist Financial restated a “buy” rating and set a $90.00 target price (up previously from $86.00) on shares of Charles Schwab in a research note on Wednesday. The Goldman Sachs Group lifted their price target on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Raymond James reduced their price objective on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Finally, Morgan Stanley boosted their target price 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 research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $83.83.

Insider Transactions at Charles Schwab

In related news, 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 transaction of $755,996.12. Following the transaction, the director now owns 442,807 shares in the company, valued at $36,057,774.01. This represents a 2.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the sale, the insider now owns 18,069 shares of the company’s stock, valued at $1,481,838.69. The trade was a 11.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,823 shares of company stock valued at $2,171,194. 6.60% of the stock is owned by insiders.

Charles Schwab 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.