Seneca House Advisors Cuts Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Seneca House Advisors cut its holdings in The Charles Schwab Co. (NYSE:SCHW) by 10.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 70,791 shares of the financial services provider’s stock after selling 8,433 shares during the period. Charles Schwab makes up 2.1% of Seneca House Advisors’ investment portfolio, making the stock its 18th largest position. Seneca House Advisors’ holdings in Charles Schwab were worth $5,239,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in shares of Charles Schwab by 15.0% in the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock worth $1,644,674,000 after buying an additional 3,157,923 shares during the last quarter. Darsana Capital Partners LP raised its position in Charles Schwab by 200.0% in the second 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. Massachusetts Financial Services Co. MA boosted its stake in shares of Charles Schwab by 6.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock worth $1,858,706,000 after acquiring an additional 1,711,312 shares during the last quarter. AustralianSuper Pty Ltd grew its position in shares of Charles Schwab by 2,617.6% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock valued at $110,681,000 after acquiring an additional 1,644,931 shares during the period. Finally, Two Sigma Advisers LP purchased a new stake in shares of Charles Schwab in the 3rd quarter worth $86,845,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of the company’s 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 directly owns 18,069 shares in the company, valued at $1,391,674.38. This represents a 12.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the sale, the director now directly owns 442,807 shares of the company’s stock, valued at $36,057,774.01. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,823 shares of company stock worth $2,171,194 over the last 90 days. Company insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on SCHW shares. Cowen boosted their price target on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price objective on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods increased their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Morgan Stanley lifted their price target on shares of Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Finally, JMP Securities reissued a “market outperform” rating and issued a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and a consensus target price of $83.83.

Charles Schwab Trading Up 1.7 %

SCHW opened at $81.96 on Friday. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $83.35. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a 50-day moving average of $77.75 and a 200 day moving average of $70.75. The firm has a market cap of $145.86 billion, a P/E ratio of 27.41, a P/E/G ratio of 1.46 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced 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 return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5,190,822.51 billion. During the same quarter in the previous year, the business earned $0.68 EPS. The company’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, research analysts forecast that The Charles Schwab Co. will post 4.09 EPS for the current year.

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.